EVALUATING THE IMPACT OF STRATEGIC PLANNING ON ORGANIZATIONAL EFFICIENCY

EVALUATING THE IMPACT OF STRATEGIC PLANNING ON ORGANIZATIONAL EFFICIENCY

A CASE STUDY OF JOHN HOLT PLC, LAGOS BRANCH

ABSTRACT

This research was on evaluating the impact of strategic on planning on organizational efficiency, on John Holt Plc Lagos, Lagos State which according to the background was quoted on the Nigeria stock exchange in “May 1974 that comprise mainly on three makor department e.g. engineering, startak, and Yamaha. A good numbers of business failed as a result of ineffective planning and lack of sound staff development scheme that enable the employees to contribute meaningfully to the goal of the organization more effectively and efficiently. Strategic planning address the long term view of an organization, it answers questions on like what is our core of business, what is the core market, where do we want to be in the next 5 to 10yrs, the prospects for growth in the business, and the threats and weaknesses that are likely to face in the future. Look into the types of planning to adopt among the planning method we have e.g. short term planning, long-term planning and corporate planning for the organization to choose one among the three, the one that will benefit them most at the end. But we have see that the organization embark upon mostly on long term planning. Further more, this will take us to the important of the above discussed topic to an organization. A well strategic plans, help an organization to achieved it goals. The data collection used on this research is questionnaire in order to get facts and figure of the above organization. It was design in such a way that one would obtain the relevant data needed from the respondents, as well s important details about the subject matter of the discussion. It has been observed that the organization make use of four types of training scheme to train their employees, on the job training, off the training, internal course and job rotation. But on the job training and job rotation are mostly used. It is designed to equip employees with tools of their job and also to enhance their overall performance on the job.

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND TO THE STUDY

          John Holt came to Nigeria in 1961 the company was incorporated in Nigeria as John Holt Limited. It became a public company and was quoted on the Nigeria stock exchange in May, 1974. (symbol John Hoit).

 The Logo of John Holt consists of a brass manila previously used in some parts of Nigeria as currency and five-point star, which signifies the group’s enduring connection with Liverpool (UK) it has it’s head office at number 30 Kudirat Abiola way Ikeja Lagos. John Holt is a well –established name in Nigeria and has been an important participant in many areas of the economy their interest are managed in the following operating divisions.

Technical products and leasing.

Services, comprise of John Holt Engineering and startek. John Holt engineering, the unit specializes in sales and maintenance of large power generating sets. The exclusive distributor of FG Wilson. While startek unit of John Holt provide professional lease and financing arrangement to enable organizations meet their equipment and machinery needs. Another unit of John Holt which is distribution unit, is a dominant player in the distribution of wide range of consumer and light industrial goods, which is John Holt venture that has a very wide distribution network, that undertakes merchandising and redistribution depot services. The group head office is responsible for the management of the groups portfolio and properties across the country, central purchasing functions, insurance, finance, information technologies, human resources development, legal and statutory matters, the company remains committed to making sure the employees are adequately remunerated and that they work in the most rewarding environment. The annual appraisal process identifies training and development needs for each employee. The annual training programmes are designed to meet these needs and in the regard, extensive training programmes including internal and external course are carried out.

1.2 STATEMENT OF THE PROBLEM

It is obvious that business cannot perform very well, if its work force is not properly planned, developed, and fully put inro use.

A good number of business failed as a result ineffective planning and lack of sound staff development scheme that would enable the employees to contribute meaningfully to the success of the organization.

The study is meant to determine the impact of poor strategic planning on organization. Efficiency. This is one of the reasons whys some business do not perform efficiency and efficiently well.

1.3 OBJECTIVE OF THE STUDY

The purpose of this research study are obvious despite the high volume of existing literature on the contribution of good staff planning to a business organization. The following are some of its objective.

1.     To acquaint the management on the best way to utilize its employees

2.     To solve the problems of under utilization of unemployment and staff redundancy.

3.     It can also assist potential researchers on the related topics

4.     This work is carried out with regard to the organization of any type

 1.4 SIGNIFICANCE OF THE STUDY

The significance of the study is to enumerate the Loopholes of management of organization in harnessing the available resources in the right direction in order to achieve the desired goals. Management of organization has been consistently undermining these problems which are characterized by poor strategic planning on organizational efficiency.

Essentially, the research work is out to provide the necessary guides to the management of various organization to make right decision on the need to effectively plan, develop and fully utilize it work force so as to achieve the desired objective

 1.5     SCOPE OF THE STUDY

This research will cover the impact of strategic planning on organizational efficiency in improving organization productivity.

The research is carried out in order to find out the general policies of John Holt Plc, Lagos branch toward staff planning and development, it makes the research reliable and result oriented people, journal, textbooks and the field will be consulted.

1.6 ORGANIZATION OF THE STUDY

This project is well organized and divided into five (5) chapters. Each of the chapter is very important to this research work.

Chapter one of this research, which is an introduction comprises of background to the study, statement of the problem, objectives of the study, significance of the study, scope of the study, organization of the study and definition of the concepts.

Chapter two of this research examine the review of relevant literature. Here extensive work is done on the meaning of strategic planning on organizational efficiency, types of planning, types of training scheme, human needs in an organization, employees compensation and important of strategic planning.

Chapter three of the research taken a look at the research methodology, it includes research design, research population and samples, methods of data collection, administration of instruments and problem of methodology.

Chapter four of this research, which is data presentation and analysis, presentation of data, analysis data, test of hypothesis and discussion of finding.

Chapter five offers summary, conclusion and recommendations of the subject matter.

Appendix and bibliography.

1.7 DEFINITION OF THE CONCEPTS

To enhance easy and better comprehensive and understanding, the following terms, which run through the lengths and breath of this research, will be briefly defined.

Evaluating:- Means the ability to access and bring about the intended result, to achieve the desire objectives.

Strategic Planning:- It is the central instrument for directing and co-ordinating the company strategic efforts and activities, in which an organization and strategic decision makers intend to implement the chosen strategies.

Efficiency:- Refers to as the effort being put into plans to achieve the needed goal