THE CRITICAL APPRAISAL OF THE ROLE OF PLANNING AND FORECASTING IN BUSINESS ORGANISATION
ABSTRACT
The research was conducted mainly to examine the positive and negatives effects of not making good use of planning and forecasting in the business administration of an organization. For effective research on this topic THE ROLE OF PLANNING AND FORECASTING IN BUSINESS ORGANISATION both primary and secondary data were used to elicit information from sample studied, the primary source of data were response from the personal interviews, while secondary source from text-books on business management and administration and periodicals.
Twenty-five persons were interviewed as the sample of the staff and management of EASTERN SHOP NIGERIA LTD. The data analysis was based on oral interview I had with the staff of EASTERN SHOP (twenty-five). The major findings are as follows:
The planning and forecasting gules go ahead order to any individual, organization that is going into business to make judicious use of forecasting and planning and forecasting is aids to correct mismanagement in business organization.
Poor forecasting attitude and in adequate planning poor integration of forecasting and planning in running of business organization.
Problem of in-experience in running of organization as a result of making use of sentiment, instead of strategy planning.
Problem of business is also noticed to be an issue of planning on daily basis instead of medium term and long term planning and forecasting basis.
Problem arises because management “organization” believes that planning is not important, even if they believed that it is inborn and endowed from birth and inclination.
CHAPTER ONE
Introduction
Andreas Faludi states that “Planning and Forecasting” is the “Queen” mother function of management (organization) and that if planning and forecasting fail, what/who will you direct, control, budget, staff, co-ordinate or organize rather than failure and shame”.
Again he state that “Theories provide explanations, explanations are response to state of tension resulting from observing unexpected events (Tonlinin (1960). Planning and forecasting present efforts to reduce surprise caused by such events by giving practicable accounts of how they came about”.
What is planning and forecasting?
Forecasting:
Forecasting is preparing of an organizations future objectives and its current material and personnel inventory, the general or departmental manager make an estimate of the current material and human resources that will be able to do in the future and how many more human and material resources the organization must line to meet its goods (Needle 1979 : 178). Any business organization without element of forecasting is like driving a car blind-folded and being directed by a man looking out through the lack-window.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Critical Appraisal of the Role of Planning and Forecasting in Business Organisation can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Critical Appraisal of the Role of Planning and Forecasting in Business Organisation" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Critical Appraisal of the Role of Planning and Forecasting in Business Organisation" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Is the topic “The Prospect of Accounting as a Profession Implication for Accounting Students” recommended for Accountancy / Accounting Project?
Yes it is highly recommended — The title of this project is “The prospect of accounting as a profession; implication for accounting students. The project was written to highlight the prospect of accounting profession, to identify the problems associated with accounting students in their pursuit /of academic certificate and the implications of the problems for the students. The study aroused the interest of the investigator because he felt that the study of accounting have been impeded with multiplicity of the factors inhibiting it. To identify these problems, the research Chapter one. …
Can the material for “An Evaluation of the Role of Discount Houses in the Nigerian Financial System” be used as a guide for Insurance Project?
Yes it can be used — The introduction of discount houses into the Nigerian financial sector in 1993 was a well-applauded idea especially owing to the need for a well-established secondary market for the discounting/re-discounting of government securities as well as other eligible financial instruments. With over ten years of discount house operations in Nigeria, the question of evaluating their specialized role in financial intermediation becomes necessary. In line with CBN guideline for discount house operation, discount houses are established to meet certain objective/functions which includes serving as intermediaries between the CBN and licensed banks as well as between banks. Thus, through an extensive literature review as well as an objective and careful analyses of primary data in the course of this study, discount houses are seen as …
Can the material for “Design and Implementation of a Cloud Based File Sharing System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — The cloud file sharing technique used in sharing files among each other with ease, easy to setup, and open-source. The aim of the study is to design and implement a cloud based file sharing system. In achieving this aim, the following specific objectives were laid out as follows to develop an application software that will enable users to easily host, store and backup data, with high-performance computing easy to retrieve, ensure files accessibility without any limiting factor and make file available to the end-user at any point in time. The motivation that led to the implementation of the proposed system is that users have little control over or even knowledge the type of file being shared, if it contains a …
Can the material for “Class Division, Poverty, and Social Injustice: Festus Iyayi's Violence and Olu Obafemi Wheels in Critical Analysis” be used as a guide for Social Justice Project?
Yes it can be used — This study is set out to analysis the issues of poverty, class stratification and social injustice in Olu Obafemi’s Wheels and Festus Iyayi’s Violence. The purpose is to enlighten Africans on the need to fight against all forms of social injustice. The Marxist theory is adopted for the analysis of this study. The result is that the quest for a classless society is the only way for a better living. …
Can this topic “Shipping Trade and Its Impact on Economic Growth in Nigeria” be used for Transport Management Technology Project?
Yes it can be utilized for research — The study investigates the impact of Ocean shipment trade on Nigeria’s economic development, covering the period, 1976-2015. Ocean shipment trade, in thousands of tonnes served as the independent variable in all the three hypotheses defined while, the gross domestic product, Nigerian value of external reserves and external debt payment were employed as the proxies for the level of economic development, respectively for hypotheses I through 3. A simple regression analysis was applied to the time series data. Findings of the study include the fact that a significant and positive relationship exits between ocean shipment export trade and the gross domestic product, external reserve and external debt payment. Also shipment export trade is a significant contributor to Nigeria’s economic development under …
Can the material for “Secondary School Teachers’ Perception of Smart Classroom” be used as a guide for Education Project?
Yes it can be used — A smart classroom is an effective strategy for helping students to improve their academic performance but this can be achieved when teachers are well trained in ICT as they are focal persons to implement this policy of smart classrooms. The study was carried out to determine the Secondary School Teachers' Perception of Smart Classroom. In achieving this aim, the following specific objectives were laid out to assess the operation of smart classrooms in general and educational qualification of secondary school teachers and examine the smart class utilization level in teaching and learning process among secondary school teachers. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A …
Is the topic “Challenges of Exclusive Breastfeeding Among Working Class Women” recommended for Nursing (Science) Project?
Yes it is highly recommended — Exclusive breastfeeding is the infant receives only breast milk and other liquids or solids are not given with the exception of oral rehydration solution or drops/syrups of vitamins, minerals or medicines. The study was carried out to examine the Challenges of Exclusive Breastfeeding among Working Class Women. In achieving this aim, the following specific objectives were laid out to assess whether mother's age, level of education and occupation has influence on the practice of exclusive breastfeeding and investigate the problems encountered by working class women during exclusive breastfeeding of their child. Investigation revealed that the percentage of mothers practicing breastfeeding, it should not be surprising that Nigeria is still saddled with high incidence of malnutrition and its associated infant mortality. …
Can this topic “Foreign Direct Investment and Manufacturing Industry in Nigeria, Performance, Problems and Prospects” be used for Insurance Project?
Yes it can be utilized for research — This study shows the performance of foreign direct investment on the manufacturing sector of the Nigeria economy. The study adopts a time series approach to the development of three different models namely; Manufacturing Value Added Model, Foreign direct investment, Interest rate and Gross fixed capital formation, from the year 1981 to 2015.The required data were collected from the central bank of Nigeria (CBN) 2015 statistical bulletin. The econometric model of multiple regression analysis was used to test the relationship between the dependent and independent variable, the short and the long run impacts of the foreign direct investment inflow on Nigeria’s manufacturing sector was analyzed using OLS estimation technique. All variables will be tested to confirm the absence or presence of unit …
Can the material for “The Constraints to the Effective Implementation of Vocational Education in the Private Secondary School” be used as a guide for Education Project?
Yes it can be used — This research work was aimed at identify the constraints to the effective implementation of vocational education program in private secondary schools in Alimosho Local government area of Lagos State. The research work was limited to six randomly selected private secondary schools and addressed the research questions of this work. The main instrument for data collection was the use of questionnaire administered to about 23% of the target population; students (N = 90) and teachers (N = 24).Frequency, simple percentage and chi-square statistical tool were used to analyze the significance differences in the constraints to effective implementation of vocational/technical education in private secondary schools in Alimosho Local, Government, Area of Lagos, State. The findings revealed a dearth of private organization participation in …
Can the material for “Design and Implementation of an Automated Students Credential Clearance System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Automated Students Credential Clearance System is an application software that allows the users to check their clearance status as whether they are in any way indebted to the school, fill and submit their clearance form, and obtain their clearance letter from registered emails. The aim of the study is to design and implement an Automated Students Credential Clearance System for Graduating Students. In achieving this aim, the following specific objectives were set up to design and develop an application system that will effectively and efficiently process students’ clearance using an android phone, Alleviate the problems and stress of traveling and queuing up of students during clearance and provide a reliable and transparent system devoid of personal inclinations and interest. The motivation …