EFFECTIVENESS OF CORPORATE PLANNING IN THE PUBLIC AND PRIVATE SECTOR IN NIGERIA
Abstract
ABSTRACT
The main purpose of this study was to examine the effectiveness of corporate planning in public and private corporations in Nigeria. In practice, the development of corporate and strategic planning to attain organizational goals involves taking intentional decisions, good resource management, healthy communication as well as regular trainings. The area of the study was Asaba, the Delta State Capital and selected major cities within the State. A total of 240 samples of questionnaire were administered to senior staff and management staff of public and private corporations in the study area. Data were analyzed using the descriptive statistics of percentage and frequency as well as the inferential statistic of chi-square. From the results obtained, it was observed that corporate planning was effective for achieving strategic organizational goals. On the basis of the results, it was recommended that organizations should have good strategic plans that is well communicative to management and staff to achieve set goals.
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