Abstract:
Organizations do not exist in a vacuum but are subject I to t he larger environment in which they ind themselves. I , I On its own par t , the environment is dynamic, that is, it I changes with t i me. As a result, organizations cannot afford to be static , but has t o evolve with the environment. I I' In the ~ace 'of t he changing nature of the external environment , organizations make Plans to enable them adapt I and respond t o the external environment. IIow able an organization is to move with the 't i de of change i s mainly a I function o£ the organization's ability to plan. Every I organization tries to give reason for its existence and t o ~ ensure its continued existence. This only possible if I organizational goals and objectives are achieved within the spacified limits. Corporate planning is n systematic study of long term company objectives and goals and the strategy r eql1ired to ach i eve them. managerial efficiency on its own relates to how well resources are utilized in pursuing various goal s and performing various activities. UNIVERSITY OF NIGERIA NSUKKA I I in these organizations. if not all organizations engage I . as such we concentrate~ on the vii. Thus, corpora t e planning tries to establish those things an organization need t o be able to manage its resources effectively and efficiently. : I In this study, it is taken for granted that most I in corporate planning, I . I eXFent of corporate planning I I A number or hypotheses have been post ulated. (1) Clearly stated objectives help the company t o know ~he re it is going and where i t is coming from. _ thereby ensuring that organizational objectives are achieved. (2) Monitoring and controlling of acompants plans reduces deviations from planned courses of action. (3) Flexibility is necessary if a plan i s to stand the test of time. The research project has been divided into five parts. Chapter I has the general introduction. Chapter II which is Literature Review tries to look into already known work on the subject while the third chapter r tal ks of the methods used in gathering data. UNIVERSITY OF NIGERIA NSUKKA viii • I The Main thrust on the paper comes up in Chapter IV where the collected data are analyzed and interprete~ . The last part o~ t he research summarizes and concludes t the assertion that good corporate plan aids managerial efficiency.
