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Strategic Planning and the Achievement of
Organizational Goals
ABSTRACT
Strategic planning is one of the most
important and vital stage in strategy. Strategic planning is important in
achievement of organizational goals because it directs the steps to be used in
achieving that goals that the organization needs. This work examines strategic
planning and its achievement to organizational goals. The main objectives of
this study is to examine the extent to which the use of strategic planning in
an organization has helped in achieving the organizational goals. In carrying
out this research work, primary and secondary source method were used in
collecting of data, which was analyzed to find out that the use of strategic
planning in achieving organizational goals has helped in the growth of such
organization. Despite some argument against strategic planning, the researcher
will show the relationship between strategic planning and the achievement of
organizational goals.
CHAPTER ONE
INTRODUCTION
1.0 Background of Study
Strategic planning being an integrated
plan through which an organization accomplishes it plans and procedure to the
achievement of organizational goals should not be overlooked or set aside once
that organization want to actualize its goals. Every organization wants to
grow’ and dominate the environment or the market it finds itself. But due to
some economic downturn around the environment, most of them are being taken
unawares. This brings about its poor performance. Like the Global Economic
Meltdown that rocked the globe from 2007 to date, in that situation
organization that plans strategically moves on even on a slow level.
Strategic planning according to Onwuchekwa
C.I (2002) is an elaborate systematic analysis which influences the choice of a
long term goals that defines the corporate strategy of a firm and also the
component of corporate strategy which implement the corporate strategy through
programme.
So strategic planning is important to an
organization that finds itself in a changing environment for it to be in
business, it also helps an organization to be precise in formulating its
purpose, mission and objective. This situation improves the functioning of an
organization.
It also becomes pertinent that through
strategic planning, an organization is able to understand its major role in the
society, its legitimacy to exist in the society with ultimate recognition by
the task environment. And when an organization understands its role and mission
through the components of strategic planning and its overall concept clearly,
such an organization can develop a sense of direction and purpose and at the
same time reduce the uncertainty level to certainty all for the achievement of
organizational goals.
1.1. Statement of the Problems
In the business world, lots of organizations have
failed because of inability to plan and strategize for its growth. Firms look
for the proceed of their investment rather than means to achievement of their
ends. However, planning is the means through which organization accomplishes
its goals. Bearing in mind that lots of business have failed due to inadequate
planning, strategic planning being an integrated plan through which an organization
accomplishes its objectives. Organization cannot survive without strategic
planning; it’s now becomes important to know the relationship between strategic
planning and the achievement of organizational goals.
1.2. Objectives of the Study
The objectives of the study avenge other
thing is
1. To examines the extent to which
strategic planning has led to the growth and development of an organization.
2. To examines the relationship between
top management functions and their involvement to the achievement of organizational
goals.
3. To know if the actualization of
organizational goals has a relationship to strategic planning
Strategic Planning and the Achievement of Organizational Goals
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