STRATEGIC PLANNING; A CATALYST TO PERFORMANCE AMONG BANKS IN Nigeria

The study known the assorted strategic designing practices adopted by Nigerian banks and additionally examined the impacts of Strategic Plans on company Performance. Primary knowledge was used for the study. urban center metropolis was used because the space of the study as a result of twenty banks out of twenty one post consolidated banks have their head offices in Lagos. 10 banks listed on the African countryn securities market market with stable company identity were selected  out of twenty one Deposit cash Banks in Nigeria mistreatment purposive sampling technique. two hundred senior workers of banks within the Nigerian banking system was used because the population. Sample was selected  mistreatment multi-stage sampling technique. 10 senior managers of the chosen banks World Health Organization are concerned in strategic designing call and coordination of resources within the banks were selected mistreatment purposive sampling techniques. Thus, the sample size for the study was a hundred respondents. A well structured form was administered to the respondents. knowledge was analysed mistreatment descriptive and inferential statistics. The findings of the study discovered that the strategic designing practices adopted by African country banks enclosed environmental scanning (73%), strategy formulation (83.2%) and feedback and analysis (65%). It additionally discovered that strategic designing proxied by setting by environmental scanning (t=4.624, p< 0.05); strategy formulation (t=3.000, p< 0.05); feedback and analysis t=2.019, p< 0.05) had important result on organisational performance. The study finished that strategic designing if properly integrated by Nigerian banks might create important improvement on their performance within the trade.

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Posted April 2, 2019 08:14