An Examination of the Effectiveness of Corporate Planning in Management Process

An Examination of the Effectiveness of Corporate Planning in Management Process

Project / Seminar Material
Reference ID: PS-22202-TM

DEDICATION

This research material titled “An Examination of the Effectiveness of Corporate Planning in Management Process” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Accountancy / Accounting, Book Authors and Profound Scholars of existing or related project material on “An Examination of the Effectiveness of Corporate Planning in Management Process” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.


An Examination of the Effectiveness of Corporate Planning in Management Process

TABLE OF CONTENTS

PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION

  • 1.1 Background of Study
  • 1.2 Statement of Problems
  • 1.3 Aim and Objectives of Study
  • 1.4 Research Questions
  • 1.5 Research Hypothesis
  • 1.6 Significance of Study
  • 1.7 Scope of Study
  • 1.8 Limitations of the Study
  • 1.9 Definition of Terms

CHAPTER TWO

LITERATURE REVIEW

  • 2.1 Introduction
  • 2.2 Conceptual Review
  • 2.3 Theoretical Framework
  • 2.4 Theories of Corporate Planning in Management
  • 2.5 Corporate Planning in Local Government Councils
  • 2.6 Challenges in Implementing Corporate Planning
  • 2.7 Benefits of Effective Corporate Planning
  • 2.8 Empirical Studies

CHAPTER THREE

RESEARCH METHODOLOGY

  • 3.1 Introduction
  • 3.2 Research Design
  • 3.3 Population of Study
  • 3.4 Sampling and Sampling Technique
  • 3.5 Validation of Research Instrument
  • 3.6 Method of Data Collection
  • 3.7 Method of Data Analysis
  • 3.8 Questionnaire Administration
  • 3.9 Ethical Consideration
  • 3.10 Statistical Analysis

CHAPTER FOUR

DATA ANALYSIS, RESULT AND DISCUSSION

  • 4.1 Introduction
  • 4.2 Presentation and Analysis of Data
  • 4.3 Re-statement of Research Questions
  • 4.4 Test of Hypothesis
  • 4.5 Discussion of Findings
  • 4.5.1 Analysis of Corporate Planning Practices in Local Government Councils
  • 4.5.2 Evaluation of Management Processes in Local Government
  • 4.5.3 Effectiveness of Corporate Planning in Local Government Management
  • 4.5.4 Factors Influencing Corporate Planning Effectiveness
  • 4.5.5 Impact of Corporate Planning on Decision-Making and Service Delivery

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

  • 5.1 Introduction
  • 5.2 Summary of Findings
  • 5.3 Conclusion
  • 5.4 Recommendation

REFERENCES

APPENDIX A - “QUESTIONNAIRE”

ABSTRACT

The study examined the effectiveness of corporate planning in the management processes of local government councils. Investigation revealed that many local government councils lack the necessary skills and knowledge to develop and execute effective corporate plans, resulting in misalignment between planning objectives and community needs. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 120 (One hundred and twenty) respondents were selected for this study to represent the entire population of the study. Data was collected using the questionnaire and analyzed using the frequency distribution table to seek answers to the five (5) research questions. The data were presented on a frequency distribution table and analyzed using simple percentage, while hypothesis was tested using chi-square test. The present study hypothesized that there is a significant positive relationship between effective corporate planning practices and the efficiency of service delivery in local government councils. The study will provide local government officials with insights into effective corporate planning practices, enhancing their decision-making capabilities and improving service delivery to the community. Additionally, the findings will equip policymakers with evidence-based recommendations for integrating corporate planning into governance frameworks, ensuring more effective allocation of resources and improved public services. Based on the findings, it was recommended that local government councils should prioritize the establishment and implementation of comprehensive corporate planning frameworks to enhance their management processes. Furthermore, local government councils should seek to leverage technology and data analytics to inform their planning processes; allowing for more data-driven decision-making and improved service delivery to the communities they serve.


An Examination of the Effectiveness of Corporate Planning in Management Process

CHAPTER ONE

1.0 Introduction

1.1 Background of Study

Corporate planning emerges as a vital tool in addressing these challenges by providing a strategic framework for decision-making, resource allocation, and performance evaluation. This planning process not only facilitates the identification of community needs and priorities but also enhances accountability and transparency in governance (Olowu, 2018). In recent years, there has been growing recognition of the need for effective corporate planning to improve service delivery and foster sustainable development in local communities (Ogunsanya, 2019). In Nigeria, the formalization of local government councils began with the Local Government Reform of 1976, which aimed to enhance grassroots governance and ensure more responsive service delivery (Olowu, 2018). This reform marked a significant shift towards incorporating planning processes within local government operations. However, the implementation of corporate planning in these councils remained sporadic and often hampered by a lack of resources, skilled personnel, and political will.

Over the years, various studies and policy frameworks have highlighted the importance of corporate planning in enhancing local government effectiveness. For instance, the 1999 Constitution of Nigeria recognized the need for local government councils to engage in planning and development activities that reflect the aspirations of their communities (Ogunsanya, 2019). A local government council is an administrative body responsible for providing governance and public services at a local level. These councils play a crucial role in community development, resource allocation, and the implementation of policies that affect residents (Akinwunmi & Tayo, 2015). Local governments serve as the closest tier of governance to the people, making them essential in delivering public services and implementing policies that directly affect the daily lives of citizens. However, despite their significance, many local government councils face challenges that hinder their effectiveness, including insufficient funding, lack of skilled personnel, and inadequate infrastructure (Adeleke, 2020).

The effectiveness of corporate planning in the management process of local government councils is pivotal for ensuring efficient service delivery and promoting community development. Corporate planning provides a structured framework that guides local government councils in setting strategic objectives, allocating resources, and evaluating performance (Olowu, 2018). In Nigeria, local government councils face various challenges, including inadequate funding, poor infrastructure, and limited human resources, which hinder effective planning and implementation (Adeleke, 2020). Therefore, in Nigeria where the research was carried out, the activities that was conducted is to know the effectiveness of corporate planning in management process in local government council.


1.2 Statement of Problems

Investigation revealed that there is inadequate implementation of corporate planning frameworks, which often leads to inefficient resource allocation and poor service delivery. Many local government councils lack the necessary skills and knowledge to develop and execute effective corporate plans, resulting in misalignment between planning objectives and community needs (Olowu, 2018).

Additionally, financial constraints severely limit the ability of local government councils to engage in comprehensive planning activities. Limited budgets restrict the scope of initiatives that councils can undertake, thereby compromising their effectiveness in addressing community issues (Ogunsanya, 2019).

Furthermore, the political environment often interferes with corporate planning processes, as local government officials may prioritize short-term political gains over long-term strategic objectives (Adeleke, 2020). Also, there is often a lack of stakeholder involvement in the planning process, which undermines the legitimacy and relevance of the plans developed. Engaging citizens and other stakeholders in the corporate planning process is crucial for ensuring that plans reflect the actual needs and priorities of the community (Umeadi, 2021).


1.3 Aim and Objectives of Study

The aim of the study is to examine the effectiveness of corporate planning in the management processes of local government councils. In achieving this aim, the following specific objectives were laid out as follows:

  1. To evaluate the current corporate planning practices employed by local government councils and their alignment with organizational goals.
  2. To analyze the impact of corporate planning on the efficiency and effectiveness of service delivery in local government councils.
  3. To identify the challenges faced by local government councils in implementing effective corporate planning.
  4. To explore the relationship between stakeholder involvement in the planning process and the perceived effectiveness of corporate planning in local government councils.
  5. To provide recommendations for improving corporate planning practices within local government councils to enhance their management processes and service delivery.

1.4 Research Questions

The following research questions will guide the examination of the effectiveness of corporate planning in the management processes of local government councils:

  • What are the current corporate planning practices employed by local government councils, and how do they align with organizational goals?
  • How does corporate planning impact the efficiency and effectiveness of service delivery in local government councils?
  • What challenges do local government councils face in implementing effective corporate planning?
  • What is the relationship between stakeholder involvement in the corporate planning process and the perceived effectiveness of corporate planning in local government councils?
  • How can local government councils improve their corporate planning practices to enhance management processes and service delivery?

1.5 Research Hypothesis

For the study examining the effectiveness of corporate planning in the management processes of local government councils, the following hypotheses are proposed:

  • H0: There is no significant relationship between effective corporate planning practices and the efficiency of service delivery in local government councils.
  • H1: There is a significant positive relationship between effective corporate planning practices and the efficiency of service delivery in local government councils.

1.6 Significance of Study

The significance of this study will extend to various stakeholders involved in or affected by the corporate planning processes within local government councils.

  1. Local Government Officials: The study will provide local government officials with insights into effective corporate planning practices, enhancing their decision-making capabilities and improving service delivery to the community.
  2. Policymakers: The findings will equip policymakers with evidence-based recommendations for integrating corporate planning into governance frameworks, ensuring more effective allocation of resources and improved public services.
  3. Community Members: The research will benefit community members by highlighting how effective corporate planning can lead to better service delivery and increased accountability within local government councils.
  4. Academics and Researchers: The study will serve as a valuable resource for academics and researchers interested in public administration, offering a foundation for further studies on corporate planning and its impact on local governance.
  5. Business and Private Sector: The insights gained from this study will inform the private sector about the planning processes of local government councils, fostering partnerships and collaborations aimed at enhancing community development and service delivery.

1.7 Scope of Study

The scope of the research is focused on examination of the effectiveness of corporate planning in management process in local government council using Edo State as a case study.


1.8 Limitations of the Study

During the course of this study, there were some problems encountered which stood as limitations to the research work. Some of the limitations include:

  1. Delays from respondents in providing feedback and information further complicated the data collection process, leading to potential gaps in the study.
  2. Financial constraints were another limiting factor, as insufficient funding restricted the ability to conduct extensive fieldwork and access a broader range of participants.
  3. Finally, time constraints were evident throughout the study, as the research was conducted within a limited timeframe, affecting the thoroughness of the analysis and potentially the richness of the findings.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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