Effects of Strategic Planning On Organizational Performance of Exxonmobil Producing Unlimited Akwa Ibom State, Nigeria
The study focused on the effects of strategic planning on organizational performance, using Exxonmobil Producing Unlimited AkwaIbom as the study organization. The study broad objective evaluated the effect of strategic planning on organizational performance, by investigating various strategic planning processes and the implication of effective strategic planning on organizational competiveness. The methodology adopted was a descriptive research method of data collected through a questionnaire administered on a sample size of 60 respondents selected from a population of 260 employees of the study organization, the data was analyzed with Karl Pearson’s coefficient of correlation computed with SPSS 22 version. The result showed a significant relationship between strategic planning and organization performance. Hence the study recommends that organizations should adopt inculcate all strategic planning processes involving; proper formulation, implementation and control/review of the organization mission, vision, goals, objectives, environmental scan and channeling employee activities in totality to achieve competiveness and attain organizational performance.
Arasa R. and K’obonyo P. (2012). The relationship between strategic planning and firm performance. International Journal of Humanities and Social Science, Special Issue 2(22), 201–213.
Akinyele S. T and Fasogbon O. I. (2010). Impact of Strategic Planning on Organizational Performance and Survival. Research Journal of Business Management 4 (1): 73-82, 2010 ISSN 1819-1932 I DOl: 10.3923/rjbm.
Central Bank of Nigeria (2010) Annual Report.
Dole, W., (2013) Strategic Planning and Assessment: Pigs of the Same Sow? The Journal of Library Administration 53, 283–292.
Guerras-Martína, L.A., Madhokb, A. and Montoro-Sánchezc, A., (2014). The evolution of strategic management research: Recent trends and current directions. BRQ Business Research Quarterly 17(2), 69–76. https://doi.org/10.1016/j.brq. 2014.03.001
Gundars B. (2015). Strategic Planning.UNIVERSITY OF LATVIA
Grant, M. R., 2014, Contemporary strategic management. 6th edition. Wiley, West Sussex.
Grant, M. R. and Jordan, J.J., (2015). Foundations of Strategy,2nd edition. Wiley, West Sussex.
Herold, D.M., (2001). Long range planning and organizational performance: A cross-validation study. Acad. Manage. J., 18: 91-102.
Ibraimi S. (2014). Strategic Planning and Performance Management: Theoretical Frameworks Analysis.International Journal of Academic Research in Business and Social Sciences April 2014, Vol. 4, No. 4
Ikoro E. I. and Nwosu N. L (2017). Effects of Strategic Planning on Organizational Performance (A Study of Nigerian Bottling Company, Enugu). IIARD International Journal of Economics and Business Management ISSN 2489-0065 Vol. 3 No. 9 2017 www.iiardpub.org
Marks K.H (2007) Strategic Planning for Emerging Growth Companies. A Guide for Management.Wyndhoma Business Press.
Mintzberg, H., 1994. The fall and rise of strategic planning. Harvard Business Rev., 72: 107-114.
Mugenda, O, M., and Mugenda, A.G., (2003), Research Methods: Qualitative and Qualitative Approaches. Nairobi: Accts Press.
Ogunyakun, S.O., 1999. Research Methodology and Project Writing. Pawed Publication.
Odongo M. S, Datche O. (2015) Effects of Strategic Planning on Organizational Growth. (A Case Study of Kenya Medical Research Institute, Kemri).International Journal of Scientific and Research Publications, Volume 5, Issue 9, September 2015 1 ISSN 2250-3153 www.ijsrp.org
Ogunyankun, S.O., 1999. Research Methodology and Project Writing. Pawed Publication.
Olusanya O. O and Oluwasanya A. T. (2014) Effect of Strategic Planning on the Growth and Survival of an Emerging Firm.American Journal of Engineering Research (AJER)e-ISSN : 2320-0847
Thompson, A. and A. Strickland, (1997). Strategic Management. Business Publications; Plano, TX.
Udeze J. O. (2005). Business Research Methodology. Chiezugo Ventures Printing and publishing Enugu.
Wheelen T.L and Hunger J.D (2004). Strategic Management and Business Policy 9th edition. Pearson Education ltd. New Jersey.