ABSTRACT
This research work is
aimed at finding out the strategies for managing environmental factors in
Nigerian business organizations. A total number of one thousand employee
which include the workers and top management staff.
Questionnaire was the
major instrument used in collecting data from the sample size of the population
in conjunction with personal interviews, while the content of the
questionnaires were presented and analysed using simple tables and percentages,
the two hypothetical questions were tested using the chi-square statistical
tool.
The following findings
were made, that goal attainment is affected by environmental uncertainty.
Business environment has an impact on manufacturing firms productivity and that
strategic planning management of business environmental uncertainty.
Based on the findings,
it was concluded that effective strategic planning is vital in the management
of business environmental uncertainty, which hinders the organizational
performance and productivities.
TABLE OF CONTENT
Abstract
Table of contents
List of table
List Figures
CHAPTER ONE
INTRODUCTION
1.0 Background of the study
1.1 Statement of
the problem
1.2 Objective of the study
1.3 Research questions
1.4 Research hypothesis
1.5 Significance of the study
1.6 Delimitation/scope of the
study
1.7 Definition of terms
CHAPTER TWO
2.0 Literature of review
2.1 historical
overview
2.2 Sources of strategy
2.3 Types of strategies
2.4 Importance of strategies
2.5 Criteria for effective
strategy
2.6 Strategic management
process
2.7 Business strategy and
business environment
2.8 Environmental consideration
for business strategy
2.9 External business
environment
Chapter three
3.0 Introduction to the chapter
3.1 research
methodology
3.2 Area of study
3.3 Population of the study
3.4 Sample size determination
3.5 Instrument for data
collection
3.6 Validation of the
instrument
3.7 Reliability of the
instrument
3.8 Method of data collection
3.9 Method of data analysis
CHAPTER FOUR
4.0 Introduction
4.1 Analysis of
research question
4.2 Test of
hypothesis
CHAPTER FIVE
5.0 Summary of findings conclusion
and recommendations
5.1 summary of
findings
5.2 Recommendation
5.3 Implication of the research
results
5.4 Suggestion for further
research
Bibliography
Questionnaires
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF
THE STUDY
The environment is a
major source of uncertainly to a business manager, and as such both influences
the design of any organisation and the configuration of organizational
structure.
Therefore, without a
thorough analysis of the environment, a manager finds it almost impossible to
make important operational decisions in his organization, which are vital in
the attainment of various business objectives.
Hence no business
organization can operate successfully in isolation, it has to exist and operate
within an environment where there is complex interplay between human resources,
material resources and other system. This creates the opportunities,
threats and problems for the management.
Imaga (1996:40) said, we
ought to realize that an organisation is an integral part of it environment and
that they are mutually interdependent where the environment plays the role of
providing the resources and opportunities to organisation for its existence,
and the organisation in turn, offers its goods and services to the people
living in its environment.
Fayol (1949:43)
said that of all the basic functions of management such as planning,
organizing, commanding, co-ordinating and controlling, planning is the most
important and yet the most difficult responsibilities of management. This
is because when goals and objectives have been determined, the next step is to
choose the methods, approaches and or strategies of attaining them. All
when and how this is to be done is for the planner.
However, plans alone
cannot ensure success of an organization; this is because organization operates
in has a big or vital role to play in the success of the organization.
Stanner (1998:207)
observed that the most important sole influence on organizational policy and
strategy is the environment, both within and outside the organisation.
The more complex, turbulent and dynamic an environment becomes, the greater the
impact on human altitudes, organizational structure and process, therefore
since the environment is very complex, all organizations should direct its
attention to their environment when formulating their strategic management
policies, to facilitate their survival.
1.2 STATEMENT OF
PROBLEM
There is a vital need to
map out a strategy, which will enable a business organization to operate
successfully in its ever-changing environment. The environment, which
business organizations operate in, is highly complex, turbulence, dynamic,
therefore all organization, large or small for survival, should pay more
attention to their environment more than ever before when formulating and
implementing organizational policies and strategies.
Chairman, “John Holt” in
the year 2000 Annual Report said “the Nigerian economic environment during this
year witnessed unsatisfactory growth rate high rate of unemployment, low
industrial output, coupled with poor demand. Energy crisis continued an
unabated supply of petroleum product was epileptic; serious bottlenecks were
thus created in the production processes culminating in increased operating
cost. Electricity supply from NEPA was too disruptive; our operating
units were forced to reply heavily on power generating facilities at exorbitant
cost of diesel.
Kazmu (1992:05) over the
relationship between industry and government stated that the industry after
blames the government for exercising excessive control through plethora of
rules and regulations. Consequently, how to pinpoint the right strategies
at the right time, constitutes a problem to various organizations. This
research will therefore investigate the following;
- The
impact of business environment if not properly managed.
- The
process of formulating of policies and strategies for proper management of the
environment.
- The
right strategies and the appropriate time to apply them.
1.3 PURPOSE OF THE
STUDY
This study will focus on
the strategies adapted by manufacturing organizations in Enugu state in
managing environmental factors. The aims are as follows:-
- To
identify major environmental factors that creates opportunities and threats for
the manufacturing organizations.
- To
determine who and which department is responsible for strategies planning.
- To
examine strategies adopted in relation to the environmental factors.
- To
examine the processes of strategic planning used and its relationship with
environmental information in organizations.
- To
determine the impact of business environment in organizational attainment of
objectives.
- Proffer
solutions as to some other possible ways, which these organization can adopt in
changing business environmental factors.
1.4 RESEARCH
QUESTION
1. Is there major
environmental factors that create opportunities and threats for the
manufacturing organizations?
2.
What departments in organization are responsible for strategic planning?
3. What strategies can be
adopted in solving the problems of environmental factors uncertainly?
4. Which processes of
strategic planning can be used to respond to the environmental information in
an organisaiton.
5. Does the business
environmental factor uncertainty affect or influence the attainment of
organizational objectives?
6. Are there any other
solution or ways, which the problem of environmental factor on business can be
tackled?
1.5 HYPOTHESIS
HYPOTHESIS 1
H0: Organizational
productivity and performance is not dependent on environmental factors.
H1: Organizational productivity and
performance is dependent on environmental factors.
HYPOTHESIS 11
H0: There is no
significant association between strategic planning and environmental factors.
H1: There is a significant association
between strategic planning and environmental factors.
1.6 SIGNIFICANCE OF
THE STUDY
The study will provide
an insight into the problems of environmental factors uncertainty on
manufacturing firms, and strategies with which to manage the problem. The
following benefits will be derived from the study:-
- Thorough
understanding of the environmental factors in which policies are made.
- Knowledge
of varieties of strategies and when to apply them in policy formation and
implementation.
- Insight
into the problems, threats, opportunities, weaknesses and strength in
competitive business environment.
1.7 SCOPE OF THE
STUDY
The use of manufacturing
firms limits the application of the findings that emerged from the research
work to other manufacturing organization, since the findings can be generalized
due to the fact that every organization has its own unique environment.
Department | Business Administration and Management |
Project ID Code | BAM0391 |
Chapters | 5 Chapters |
No of Pages | 98 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |