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Assessing The Role Of Strategic Planning As A Tool For Achieving Organizational Objectives Of Business Organizations In Nigeria
[A CASE STUDY OF NIGERIA BOTTLING COMPANY PLC, ILORIN]
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1.3 AIMS AND OBJECTIVES OF THE STUDY
The centre of study is on how strategic planning help in achieving organizational objectives among the objectives is to critically examine the list o f available planning tools in term of achieving organizational objective in terms of productivity and thereby making huge profit having.
Therefore the basic aims of this study include,
1. To determine what consideration an organization bears in mind when designing tools in achieving it management decision.
2. To identify effect of planning as a tool in achieving organizational objectives.
3. To determine the planning that is available to the organization in order to obtain the greatest capacity of workers.
4. To identify and discuss the effect of planning techniques on bottling company and its corporate objective.
5. To examine the mode and manners in which planning is being applied in Nigerian bottling industry and how effective they are using planning to achieve and increase their organizational objectives.
1.4 SCOPE OF THE STUDY
The scope of the study is made up of strategic planning concept theory in reference to Nigerian Bottling Company, strategic planning influence on the business environment in achieving organizational objectives. Also on how the management of business organization should use good strategic planning in solving problems among employees and for good decision making in other to strike a balance between the employees objectives and that of the organization, furthermore, through the use of good planning, this study will influence the organization on how to maintain good position in the midst of other competition.
1.5 LIMITATION OF THE STUDY
Due to complexity envisage in data collection of the short duration of time available from these types of research the study will cover the period of 2007 — 2011.
However this period of spanning 5years provides an interesting research art it encompass the two regime, administrator interest rate policy (2010/2011) and the liberalized interest regime (2005/2008).
The data used will be strictly those relating to and generated from the Nigeria economy.
Although in our literature review, the performance of interest the rate in other economic will be considered.
1.6 DEFINATION OF TERMS
1. Planning: The procedure or activity of determining in advance especially what need to be done in other to achieve particular goals how should be done when and where it should be done who should do it.
2. Strategic: The key decision or plan of action required to reach on objective or set of objective.
3. Strategic Planning: Long range planning that focus on goals attainment by adapting the organization to environment changes. Determination of the stop required to reach an objective of achievement the optimum fit between the organization and market place.
4. Organization: A group of people bound together to provides unity of action for the achievement of a predetermined objective.
5. Objective: A company defined and measurable aims for a given period.
6. Data: The collection of observant on this is a large volume of details which are generated by day-to-day transaction but most be process and organized before they can sense to central operation or to proved meaningful information.
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