Abstract

In this project, I will be talking about the importance of planning on organizational performance and existence (Pamol Plantation Plc and other businesses in lobe estate). As a result of the fact the many organizations do not serve the purpose for which they were created, they face a lot of difficulties to exist amongst others in the market which is a result of little or no planning carried out for the organization.

This project is to bring out the role (importance) of planning in an organization and its benefits to that organization. This work also brings out some of the challenges faced in planning which are inadequate leadership and organizational structure. To conclude, it is clear that failing to plan is planning to fail to mean that, business planning is a vital tool that should not be taken for granted in an organization.

CHAPTER ONE

INTRODUCTION

1.1 Background and Context

Great features of human achievements such as the Egyptian pyramids, the Great Wall of China, and the Colostrum in Rome all beat testimony to skilled management in ancient times. All these features came to success because of proper management and adequate planning by their leaders to bring out their visions into reality.

One of the fundamental aspects of life is planning. It is practiced to a greater or a lesser extent in our personal and daily lives such as we plan for our career, holidays, acquisition of assets, and even the kind of life we hope to have and live in the future. For anything to be in existence or even succeed, whether an individual or a group, certain criteria’s have to be put in place to help direct their action in a positive and profitable direction

Around 1999, empirical researchers began to examine the performance and consequences of formal planning and over 40 planning performance studies have appeared since that time. However, in recent years, this line of research has slowed to tickled, and with good reasons. Planning is the process of …

It is perceived that planning is a mediating force between organizational performance and its environment whereby it has become highly imperative for business organizations to adopt it so as to enhance productivity. This is a sequel to the fact that business enterprises under the prevailing economic environment of today have to do all things possible to be efficient and survive.

Faced with increasing competition and dynamic market conditions many business organizations in Cameroon and in other countries are increasing their efforts to understand how they can improve their performance to be competitive, some strategic management and management scholars, as well as policymakers, have advocated for more planning practices beneficial to the business.

As far as the business and sustainability of an organization are concerned, planning is an important process in the management and performance of an organization as it ensures that the defined strategies of an organization are successfully implemented. Planning provides an organization or an enterprise with specific decisions, direction, activities and creating a pathway to achieving competitive advantages over others.

The success of many businesses is based on the availability of a good planning system, the absence of planning in an organization makes all business activities of the organization meaningless, time-wasting, and inadequate or overexploitation of the organization’s economic resources. The uncertain and constantly changing business environment and the emergence of many organizations producing similar goods and services have made planning the most important aspect of the existence of an organization. Planning is very important to an organization as it helps the organizational planners to develop strategic methods and ways to handle and overcome uncertain events that may arise.

GR Terry defines planning as” The selection and relating of facts and making use of assumption regarding the future in the visualization and formulation of proposed activities believed to achieve desired results”

Allen defines planning as “A trap to capture the future”

Some of the importance of planning to an organization includes;

–           Effective use of organizational resources

–           Establishing goals for the organization.

–           Managing risk and uncertainties

–           Team building and creating competitive advantages

1.2 Statement Of The Problem

The fact that some organizations created do not last for the purpose for which they were created some of them even at the the growth stage face a lot of challenges and difficulties to the extent that they stumble and do not survive rivalries and competitions due to inadequate, they decline due to lack of poor planning of the organization. But with a restructuring of the organization and the implementation of t a good planning system with strategies to overcome uncertain events in the long run. The organization will rise again and will be to complete with its competition rise in the market.

The difficulties faced by the organizations and enterprises due to inadequate planning of the uncertain events of the future which in turn will affect the existence and growth of the organization.

1.3 Objective Of The Study

1.3.1 Main objective

The main objective of the study is to examine the importance of planning on organizational performance.

1.3.2 Other objectives

1. To assess the reasons why organizations faced difficulties to operate in the long run,
2. To evaluate the essence of planning in the growth and sustainability of an organization.
3. To evaluate planning as a tool to improve performance in an organization