STRATEGIC PLANNING IN LARGE COMPANIES A CASE STUDY OF NIGERIA TELECOMMUNICATIONS LIMITED (NITEL) ENUGU ZONAL HEADQUARTERS EGBOGU, CHINELO SALOME. A RESEARCH PROJECT MATERIAL ON ACCOUNTING
Planning has evolved an indispensable weapon to address the increasing competition for telecommunication services, nationally and internationally. While competition has always existed among telecommunication industries is because of the fungibility of their product and the homogeneity of their services. The various issues involved in the effective planning of the telecommunication industries in Nigeria are the main focus of this research. Planning in the telecommunication industries has below the restore confidence, creates convenience and has also made communication easier for customers or subscribers. Telecommunication industries in Nigeria are facing some problems, which Linder sound planning in the industry. These problems are both internal and external. While those internal problems can be manipulated the external problems posed by the external environment cannot probably be controlled. The research on strategic planning in large companies highlighted the reasons for poor planning in most companies prominent among which include: The inability of the management of the company to see planning as embedded in all areas of the achievement of the objectives set for the company. Also the inability of the management to make every staff of the industry planning oriented among every other factors. To achieve the goal of this study, therefore, questionnaires were printed and distributed and the feedback received. Interviews were also conducted and personal observation was equal made. The results were encouraging as both senior and junior staff responded positively, except for issues that some of the staff felt would amount to disclosure of their company’s affairs. Data, both primary and secondary were utilized for paper analysis.
1.0 GENERAL INTRODUCTION
The chapter gives background information to the subject matter of the study – strategic planning in large companies and also gives clear items in the statement of the problems, objectives of the study, significance of the study, scope of the study, methodology, limitation of the study and scheme of the chapter.
1.1 BACKGROUND INFORMATION
For a plan to be out of date after one week of initiating it, is very easy as a result of the changing nature of business. But the process which initiated the plan, don’t go out of data easily, when carefully convinced and controlled. Planning consists essentially of deceiving in advance, what you want to do and how you are going to do it. It involves making deliberate preparation in the present based on empirical and analyze data of the and present state of affairs to ensure that within available resources and those can be made available goals are pursed and realized through clearly mapped out actions.