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Strategic Planning in Organizational Growth

Strategic Planning in Organizational Growth

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DEDICATION

This research material, titled “Strategic Planning in Organizational Growth” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.




ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Business Administration and Management (BAM) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Strategic Planning in Organizational Growth provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.




PRELIMINARY PAGES


CHAPTER ONE

Introduction

  • 1.1 General Introduction
  • 1.2 Purpose of the Study
  • 1.3 Statement of the Problem
  • 1.4 Research Hypothesis
  • 1.5 Scope of the Study
  • 1.6 Significance of the study
  • 1.7 Historical background of case study
  • 1.8 Definition of Terms
  • REFERENCES

CHAPTER TWO

Literature Review

  • 2.1 The role of strategic planning in strategic management
  • 2.2 Strategic planning process
  • 2.3 Levels of planning and strategy
  • 2.4 Strategic planning tools
  • 2.5 Models of strategic planning
  • 2.6 Advantages and Disadvantages of strategic planning
  • 2.7 Relevance of strategic planning to business growth
  • 2.8 Strategic planning in Diamond bank

CHAPTER THREE

Research Methodology

  • 3.1 Introduction
  • 3.2 Data collection procedure employed
  • 3.3 Population of the study
  • 3.4 Sample size technique
  • 3.5 Determination of sample size
  • 3.6 Techniques of data analysis

CHAPTER FOUR

Data Analysis

  • 4.1 Introduction
  • 4.2 Data Presentation and Analysis
  • 4.3 Testing of Hypothesis
  • 4.4 Summary of Result

CHAPTER FIVE

Discussions, Recommendation And Conclusions

  • 5.1 Summary of Result/Findings
  • 5.2 Conclusion
  • 5.3 Recommendations
  • BIBLIOGRAPHY



ABSTRACT

Planning is the most basic managerial function. When done properly, it sets the direction for the organizing, leading, and controlling function. planning is the formal process of (1) choosing the organisation’s vision, mission and overall goals for both short run and long run, (2) devising divisional, departmental and even individual goals based on organizational goals, (3) choosing strategies and tactics to achieve those goals, and (4) allocating resources (people, money, equipment, and facilities) to achieved the various goals, strategies and tactics.

If undertaken properly, planning should assist in (1)identifying future opportunities, (2) anticipating and avoiding future problems, (3) developing courses of action (strategies and tactics), and (4) understand the risk and uncertainties associated with various options. Thus, the organisation will have a better chance of achieving its general goals.

In some organisations such as Diamond bank plc, the strategic planning process includes contingency planning which helps the bank prepare for unexpected and rapid changes in the environment which can be positive or negative.



Strategic Planning in Organizational Growth (A Case Study Diamond Bank)



Introduction

1.1 General Introduction

One prominent scholar and writer on management “Mary Packer Follet” defined management as “the act of getting things done through people”. Thus management carry out their functions of planning, organizing, directing, controlling, staffing, etc of both human and material resources in an organization through people.

In modern days management has metamorphosed into strategic management with emphasis on how strategic management which involves strategic planning and can be used to foster organisational growth. There has to be proper planning, controlling, staffing, etc of activities to ensure the judicious use of resources and to operate efficiently, producing the desirable result and this has to be done strategically. This is necessary because without the proper use of their functions the organization will not survive, and in survival, two strong and opposite view must exist, which are the classical and the non classical views.

Also with the introduction of strategy to management roles, we will now see how these strategies will greatly impact on the organization goals and achievements. As management performs its role strategically, organisational growth is enhanced in the process.

In this write-up, the researcher intends to identify the problems and views of how some managers look at the term organisational growth, looking at the models and making recommendation on the best of the models.
Finally, in the managerial aspect the researcher will concentrate on the basic strategic roles which will yield good result in an organization.

In promotion, we shall see how these strategies applied leads to the promotion of organisational growth. We shall see how strategic planning is the prerequisite of management to discharge its functions in Diamond bank plc.


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 conceputal review, theoretical framework, the review of related literature …

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Defense Procedure for Business Administration and Management Researchers


In preparation for defending a project or seminar on Strategic Planning in Organizational Growth, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.


Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.


Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.


During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.


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