Description
Abstract
The study investigated the effects of strategic planning on organizational performance with the First Bank of Nigeria. Plc, Ilorin branch, as a case in hand. The aim is to know whether strategic planning has an effect on the overall performance of the organization. The methodology that was used for the study is survey design and the target population was 100 members of staff of First Bank of Nigeria Plc, Ilorin while the sample size was 89 which were determined using SPSS. The result of the analysis indicates that there is a relationship between effective strategic planning and organizational performance and also that lack of accountability, lack of commitment and lack of understanding of the role in the execution process are challenges in the implementation of strategic planning and therefore recommend among others that Nigerian firms should give more serious attention to strategic planning and finally, employee welfare should also be given adequate attention for efficiency and effectiveness in the organization.
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