EVALUATING THE ROLE OF PLANNING AND FORCASTING IN ACHIEVING MANAGERIAL EFFICIENCY


For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
        ABSTRACT
The research was conducted mainly to evaluate the role of planning and forecasting in achieving managerial efficiency. Individuals and organizations have operated for hundreds of years by planning and forecasting in an intuitive manner. It was not until the 1950s that formal approaches became popular. Since then, such approaches have been used by business, government, and nonprofit organizations. Advocates of formal approaches (for example, Steiner, 1979) claim that an organization can improve its effectiveness if it can forecast its environment, anticipate problems, and develop plans to respond to those problems. However, informal planning and forecasting are expensive activities; this raises questions about their superiority over informal planning and forecasting. Furthermore, critics of the formal approach claim that it introduces rigidity and hampers creativity. These critics include many observers with practical experience (for example, Wrapp, 1967). This chapter presents a framework for formal planning and forecasting which shows how they interact with one another. Suggestions are presented on how to use formal planning for strategic decision making. (For simplicity, references to planning and forecasting in this chapter will mean formal strategic planning and forecasting.) Planning is not expected to be useful in all situations, so recommendations are made on when planning is most useful. Descriptions of forecasting methods are then provided. Finally, suggestions are made on which forecasting methods to use when developing plans for a company.


TABLE OF CONTENTS
    Title page
    Approval page
    Dedication
    Acknowledgement
    Abstract
    Table of contents 

CHAPTER ONE: INTRODUCTION
1.1    Background to the study
1.2    Statement of the problem
1.3    Research Question
1.4    Objective Of The Research
1.5    Significance of the study
1.6    Scope of the study
1.7    Limitations of the study
1.8    Definition of terms

CHAPTER TWO: LITERATURE REVIEW
2.1    Conceptual Framework
2.2    Theoretical Framework
2.3    Theoretical Basics
2.4    Meaning of Strategic Planning On Organizational Efficiency
2.5    Planning As a Tool for Managerial Efficacy
2.5.1    Category of Planning
2.5.2    Functions of Planning
2.5.3    Problems of Planning
2.6        Forecasting as a tool to Planning
2.6.1    Techniques for forecasting
2.6.2    Application of planning and forecasting
2.6.3    Benefits and drawback of planning and forecasting
2.6.4    Drawbacks Of Planning And Forecasting
2.6.5    Planning Process 
2.7        Who is a manager
2.7.1     Function and roles of a manager
2.8        EXISTING GAP OF STUDY

CHAPTER THREE: RESEARCH METHODOLOGY
3.1        Introduction
3.1.1    History of the case study
3.1.2    Structure of the case study
3.2    Research Design
3.3     Population of the Study
3.3.1 Sample Size and Sample Technique
3.4    Source of Data
3.5    Method of data collection
3.6    Methods of data analysis
3.7    Credibility of Research
3.8    Methodological Difficulties

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1    Introduction
4.2    Respondent Rate   
4.3    Respondent Characteristic
4.4    Data Presentation and Analysis
4.5    Interpretation
4.6    Test of Hypothesis
4.7    Major Findings
4.8    Discussion of findings

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1    Summary of findings
5.2    Recommendations
5.3    Conclusion
5.4       Contributions to Knowledge
5.5    Suggestion of Further Studies
    Bibliography






EVALUATING THE ROLE OF PLANNING AND FORCASTING IN ACHIEVING MANAGERIAL EFFICIENCY
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Business Administration and Management
    Project ID BAM2422
    Fee ₦5,000 ($14)
    No of Pages 94 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This global modern technologies in the nineties had been such a glaring and widely exciting experience.  This leaves no body even a Thomas in doubt of what situation and trend will look like even as we are now in the 21st century. Expectedly, there will be an era of complete and total information revolutionary Age.  This period which is... Continue Reading
    ABSTRACT This global modern technologies in the nineties had been such a glaring and widely exciting experience. This leaves no body even a Thomas in doubt of what situation and trend will look like even as we are now in the 21st century. Expectedly, there will be an... Continue Reading
    THE ROLE OF MODERN TECHNOLOGY IN  ACHIEVING COMMUNICATION EFFICIENCY  IN NIGERIA ABSTRACT         This global modern technologies in the nineties had been such a glaring and widely exciting experience.  This leaves no body even a Thomas in doubt of what situation and trend will look like even as we are now in the 21st century.... Continue Reading
    ABSTRACT This global modern technologies in the nineties had been such a glaring and widely exciting experience. This leaves no body even a Thomas in doubt of what situation and trend will look like even as we are now in the 21st century. Expectedly, there will be an... Continue Reading
    ABSTRACT This study is on the Role of Budgeting in Managerial Planning and Control: A case study of Guinness Nigeria Plc. Benin, Edo State and Nigerian Breweries Plc. Ama, Enugu State. This is with a view to identifying some of the factors that has hindered management plans. Budgeting both at managerial level and operational level looks at the... Continue Reading
    (A STUDY OF PZ INDUSTRIES NIGERIA PLC, ABA) CHAPTER ONE 1.0       INTRODUCTION 1.1       BACKGROUND OF THE STUDY The project topic role of planning and control to management efficiency and productivity. in an economy like Nigeria administrators has been faced with... Continue Reading
    ABSTRACT This study is on the Role of Budgeting in Managerial Planning and Control: A case study of Guinness Nigeria Plc. Benin, Edo State and Nigerian Breweries Plc. Ama, Enugu State. This is with a view to identifying some of the factors that has hindered management plans. Budgeting both at managerial level and operational level looks at the... Continue Reading
    ABSTRACT This research work is an attempt made to enforce the role played by planning and control to management efficiency and productivity. The incessant business and reluctant growth of some companies or enterprise can be linked to a deficiency in planning and control. In view of these, this topic is designed to guide managers in companies... Continue Reading
    ABSTRACT Kampala International University (KIU) has recently joined the league of institutions offering online education to learner. In an organizational setting, whenever a new technology is deployed, it is necessary to evaluate its success so as to understand if it’s been embraced by the users. It is therefore, necessary to evaluate the... Continue Reading
    BUSINESS ORGANIZATION AND MANAGERIAL EFFICIENCY OF SMALL SCALE ENTERPRISE Abstract This study is on business organization and managerial efficiency of small scale enterprise. The total population for the study is 200 staff of tantalizer (eatery) in River state. The researcher used questionnaires as the instrument for the data collection.... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us