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Planning as an Effective Instrument for Business Development in Organization

Planning as an Effective Instrument for Business Development in Organization

Project / Seminar Material
Reference ID: PS-14758-TM

DEDICATION

This research material titled “Planning as an Effective Instrument for Business Development in Organization” 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 Business Administration and Management (BAM), Book Authors and Profound Scholars of existing or related project material on “Planning as an Effective Instrument for Business Development in Organization” 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.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 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 Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    Planning as an Effective Instrument for Business Development in Organization

    CHAPTER ONE

    Introduction

    1.1 Background Of The Study

    Planning helps an organization chart a course for the achievement of its goals. The process begins with reviewing the current operation of the organization and identifying what needs to be improve operationally in the upcoming year. From there, planning involves envisioning the result the organization wants to achieve and determining the steps necessary to arrived at intended destination success, whether that is measured in financial terms, or goals that include being the highest-rated organization in customer satisfaction.

    Planning promote term building and a spirit of cooperation. When the plan is completed and communicated to members of the organization, every ones knows what their responsibilities are, and how other areas of the organization need their assistance and expertise in order to complete assigned tasks. The see how their work contributes to the success of the organization as a whole and can take pride in their contribution conflict can be reduced when top management solicits department or division manager’s input during the goal setting process. Individual are less likely to resent budgetary targets when they had a say in their creation. Planning helps organization get a realistic view of their current strengths and weakness relative to major competitors. The management team sees area where competitors may be vulnerable and then craft marketing strategies to take advantage of those weaknesses.

    Observing competitors action can also help organization identify opportunities they may have overlooked, such as emerging international markets or opportunities to market products to completely different customer groups.

    In an organization planning has been a part of economic history for almost 5,000 evidence suggest that in agrarian economy most economic activities as governed by changing seasons and ran in short-term cycles of less than one year.

    Long range planning of more than one, although notable, was conducted by a few institution and individual extant records indicate the extensive use of plan in empire building, road paving, war waging, temple construction, and the like, not until the industrial revolution in the United States, though to have begun about 1860, did the scope and style of economic activity dramatically change. The first major industrial expansion began with factories in the Northeast and the canal throughout the middle-Atlantic States. The Owners and developers employed long-term plan for the construction of their enterprises but not necessarily for their operation. For the most part, they made decision without the benefit of research and analysis, since these businesses served regional market masked poor business planning with the subsequent development of a national rail system, economic activity become both more urban and national in scope. The rapid growth of the economic and the complex system it spawned called for new and sophisticated management techniques.

    With Samuel F.B. Moses (2011) invention of the telegraph in 1844, managers gained the ability to coordinate and to communicate with unprecedented speed and efficiency. The era of the railroad hastened industrial development so that by the last quarter of the 19th century, manufacturing replaced agriculture as the dominant national industry. With the onset of the great depression companies recognized the need for professional managers who applied scientific principles in the planning and control of an enterprise. Business planning, however as it is known today was not popular in Nigeria until after productivity as established.

    1.2 Statement Of The Problem

    The failure of most business today is caused by the way through which it had been run and managed by its management. It is not that the reasonable profit are not make but due to lack or inadequate planning which is an effective instrument in the business development. It has been noticed that public organizations and most firm in the public and private sectors have not lived up to expectation; this hinders the development of our economy.

    Lack of ability to coordinate:

    This motivate other people either as individual or groups to work hardly.

    …

    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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