ENEMS MICROSYSTEMS RESEARCH SPOT: THE EFFECT OF STRATEGIC PLANNING AND POLICY ADMINISTRATION IN AN ORGANIZATION GROWTH AND DEVELOPMENT

THE EFFECT OF STRATEGIC PLANNING AND POLICY ADMINISTRATION IN AN ORGANIZATION GROWTH AND DEVELOPMENT

(a case study of the Federal Ministry of Finance, Abuja)

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

This project is concerned with the effect of strategic planning and policy administration in organization growth and development. For any organization to continue to exist for a very longtime, that organization must come out with policy and plans that will enable it meet the long run objectives.

As argued by Ogedengbe (2007) in one of his historic articles summarized strategy into five “1” of plan, play, pattern, position and perspectives. This five “P” should be apply in the formulation and implementation of plan and policy in an organization for speedily growth and development. Strategy may be applied in my goal oriented organization or establishment.

Strategic according to the oxford advanced learner’s dictionary defines strategic as part of a plan that is meant to achieve a particular purpose or to gain an advantage.

1.2 STATEMENT OF THE PROBLEM

Planning and policy is very important administration, planning and policy problem may be analyzed as follows

Ambiguity in definition of objectives – so many organizations does not streamline their objectives thereby causing the process of policy implementation to be slow thereby reducing growth and development process.
Ineffective leadership implementation of policy –some managers in an organization may be problem to the organization from their leadership pattern or styles.
Lack of required reserves-lack of finance may affect strategic planning and policy in an organization thereby reducing organizational development
Inappropriate planning and policies-since most business owners lack necessary managerial skills, especially interpersonal or human relation skills thereby making inappropriate decision and policy.
Too much level of management may create for policy undergoing many stages before implementation this may lead to distortion.

1.3 OBJECTIVE OF THE STUDY

The objectives of this study are as follows;

To formulate realistic and attainable policies that will enable organization growth and development.
To place effective strategy in an organization in growth plans and actions.
To bring to light the importance of strategic planning and policy formulation and implementation.
To ensure that policy statement are flexible.
To place effective integration of an organization in growth plans and actions, both current and for the future.

SIGNIFICANCE OF STUDY

The study is of significance to business executives, managers and students in the following way

It enable the reader to know the relative role of strategic planning and policy administration in organization growth and development.
It will also help the reader to know the planning model to get an effective implementation of policy
This project would also help student concern, directors, managers who would like to research on the same topic or a similar one in the future to expend on their horizon

1.5 RESEARCH QUESTIONS

What is strategic planning?
What are the effect of strategic planning in organizational development and growth?
To what extent can strategic planning and policy administration affect organization development and growth?
Is strategic planning and policy administration statement flexible?
Can strategic planning and policy administration increase organizational growth and development?

RESEARCH HYPOTHESIS

Hypothesis is defined as a guide to research or investigation in the entire process of research endeavor. It keeps the researcher on the main line of his or her study.

H_O: Lack of effective strategic planning and policy administration may likely not affect policy formulation and implementation

H_I: Failure to recognize existing strategic planning and policy is likely to affect the performance in the federal ministry of finance.

1.7 SCOPE OF STUDY

This study is delimited to and will be conduct in Abuja; the study will be carried out in Federal Ministry of Finance, Abuja.

1.8 LIMITATION OF STUDY

A research of this nature is found to have a lot of limitation. Time factor was a serious problem, given the time period for the completion of this research work was share along with other academic, non-academic work which was necessary in relation with the completion of the school in general. Another limitation is that of material for the secondary data. Ever though there are many existing textbooks and journal of strategic management which would have been used for the research work. Another limitation is financial constraint.

1.9 DEFINITION OF TERMS

Administration: Is the activities that are done in order to plan, organize and run a business.

Association: having two things connected either two people coming together to do business.

Development: It is the gradual growth or process of advancing something.

Formulation: To create or prepare

Growth: The process of increasing or expanding

Implementation: To make that which has been officially decide to happen or use.

Organization: This is defined as any group of two or more people working together in a predetermined fashion to attain a set goal

Planning: Is the act or process of doing something that you intend to do or achieve.

Policy: can be defined as a guide to thinking in decision making.

Strategy: Is a unified, comprehensive and integrated plan designed to assure that the basic objectives of the enterprise or business are achieved.

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ENEMS MICROSYSTEMS RESEARCH SPOT

Wednesday 15 March 2023

THE EFFECT OF STRATEGIC PLANNING AND POLICY ADMINISTRATION IN AN ORGANIZATION GROWTH AND DEVELOPMENT

THE EFFECT OF STRATEGIC PLANNING AND POLICY ADMINISTRATION IN AN ORGANIZATION GROWTH AND DEVELOPMENT

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