Browsing by Author "Salman Adbulrasaq"

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    ): Impact of Strategic Planning on Organisational Performance (A Study of GTBank Plc)
    (College of Social and Management Sciences, Joseph Ayo Babalola University, Ikeji- Arakeji, Osun State, Nigeria., 2020) Olawale Yinusa Alabi; Salman Adbulrasaq; Akinroluyo Isaac Bankole
    In view of the many challenges that business organizations are exposed to, it is imperative for them, both profit and nonprofit organizations, to anticipate challenges, identify their strengths to Meet anticipated challenges and take control of available opportunities to obtain maximum productivity. Unfortunately, in most organizations, strategic plans are not carried out and implemented properly. Therefore, this study examined the impact of strategic planning on organizational performance using a study of selected GT Bank branches in Ilorin, Kwara State, Nigeria. The study employed survey design. The population consisted of ninety-seven (97) employees of GT Bank. A sample size of seventy-eight (78) respondents was used in this study, which was determined using Taro Yamane formula. The specific objectives of the study were (1) to examine the relationship between setting objectives and profitability. (2) to determine the role of vision and mission statements on market size of GT Bank PLC. To examine the effect of strategy Evaluation on efficiency of GT Bank PLC. Descriptive statistics comprising Comment the simple percentage and tables for a detailed presentation were used. The correlation and regression analysis were adopted for this study. The findings reveal that; There is a significant relationship between setting objectives and profitability. The result shows that the calculated significance value of 0.000 is less than the chosen value of 0.05 significance level. Strategy evaluation has a significant effect on the bank’ efficiency, with strategy evaluation having B=0.815 and p-value = 0.000, which implies that an increase in strategy evaluation will result to 81.5% increase in organization’s efficiency. The study therefore concludes that strategy planning has impact on organization performance. The study recommends that organization should be specific about their objectives, ensure its appropriate formulation and communication to staff at all level of the organization. Objective should be set prior to its accomplishment so as to embrace realistic performance measurement.