THE EFFECTS OF STRATEGIC PLANNING ON CORPORATE PERFORMANCE IN UNIVERSITY EDUCATION: A STUDY OF BABCOCK UNIVERSITY (original) (raw)
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2018
The study examined the effects of Strategic Planning on Corporate Performance using University of Ibadan as the case study. It further probed into how this has impacted on the management efficiency and effectiveness as strategic planning is essential in corporate organisations. Primary data was used for the study. The study made use of questionnaire to elicit information from employees of University of Ibadan. Data collected were analysed using inferential statistics. The hypotheses were tested using the using the Pearson’s Product Moment Correlation Coefficient to establish the significance of relationship between the various variables used in measuring performance. The results of the hypotheses revealed that there is a significant positive correlation between strategic planning and corporate performance. The study therefore, concluded that strategic planning is beneficial to organisations in achieving set goals and recommends that universities and other corporate organizations ali...
THE ROLE OF STRATEGIC PLANNING ON THE PERFORMANCE OF HIGHER LEARNING INSTITUTIONS
Strategic Planning on Higher Learning Institutions, 2019
The growing difficulties experienced by many Universities during the 1970s led to the adaptation of strategic planning as a potential solution for developing a proactive framework to cope with the changing demands and declining resources. After adaptation of strategic planning in 1994, the University of Dar es Salaam despite attaining tremendous achievements such as increased enrollment, research and publications, new postgraduate and undergraduate programmes, and launching of the international standard library, it still faces several inefficiencies, major ones including weakness in information management systems, financial and asset management systems, and inadequate number of staff in some areas. This study was conducted to assess the role of Strategic Planning on the performance of Higher Learning Institutions taking the University of Dar salaam as the study organization. The study outlined the factors that gave rise to strategic planning, evaluated the strategies employed in the planning and implementation of the UDSM Strategic Plan, and analyzed the effects of the strategic planning on the performance of the University of Dar es Salaam. The study employed document review, in-depth interviews, focus group discussions, and observations as data collection methods. Content Analysis and Narrative Analysis were the data analysis methods. The key findings of the study reveals the economic reforms of the second political regime in Tanzania which gave rise to the need of strategic planning in 1994, formulation and approval process of strategic planning, the implementation strategies, as well as the outcomes such as significant improvement in student enrollment, and the challenges of implementing the University Strategic Plans such as a low sense of ownership among UDSM staff. The study concludes that strategic planning is a platform for improving the University of Dar es Salaam’s performance, and recommends effective communication, and more participation.
Strategic planning and academic performance
The study examined the impact of strategic management on academic performance of selected private universities in the south-western part of Nigeria. It specifically investigated the influence of (a) university commitment to strategic planning, (b) inclusion of members of staff in strategic planning process; and (c) rewards and incentives during strategic plan implementation on academic performance of Nigerian private universities. The research work adopted a survey design with a well-structured questionnaire. The emerging data were analyzed using an ordinary least square (OLS) regression technique. The study showed that one unit increase in the level of:
Developing and Actioning Strategic Planning in Higher Education Institutions
Developing and Actioning Strategic Planning in Higher Education Institutions, 2012
This book aims to bridge the gap between preaching and practice in Strategic Planning in Higher Education Institutions (HEIs). As academics, we have been preachers of management theories and concepts, but, when it comes to the real world of practicing what we profess to know well, it is surprising that preaching and practice often diverge. Management principles are simple and straightforward to teach, but when these principles are put into administrative or management practices in HEI, we do not fare that well in comparison to remaining within the safe zone of teaching. This is normally the case facing most Higher Education Institutions (HEIs) as they move forward on quality drives, which are both turbulent and never-ending journeys of continuous improvement. These journeys can be managed, however, if they are planned, and, if planned, they can be better measured based on the mission and goals of the position that the institution intends to achieve and sustain. This is basically management through measurement. In this management, it is necessary first to plan the desired outcomes; these then become the measures of achievement in terms of fulfilling the envisioned dreams. This is strategic management applied to managing Higher Education Institutions.
The Effect of Strategic Management Practices on the Performance of Universities in Turkey
2013
In the present study strategic management practices of the universities in Turkey were investigated and the effects of these practices on the performance of the universities were analyzed. The research investigated whether strategic management processes were implemented in universities in Turkey or to what extent they were implemented and the effects of these processes on the performance of the universities tested by means of a model which was developed. Concrete suggestions were made depending on the results. In the study, it was concluded that the universities operating in our country did not closely follow the changes and developments mainly about higher education in Turkey and in the world and that they did not pay enough attention to the competitive conditions and use strategic management practice adequately.
Strategic Planning as a Tool for Enhancing Corporate Performance
Saudi Journal of Business and Management Studies
This paper work aims at examining the strategic planning as a tool for enhancing corporate performance and analyses strategic planning tools and its implementation process. However, it has been noticed that organization are no longer seen to be focused and real. Evidence of actionable plans are no longer there in our organization as indication of appropriate strategic plan. A study was conducted into books of notable authors written on strategic planning and corporate performance and selected ideas are compiled in this paper report. Data used for analysis were collected through questionnaires and interview conducted. It was discovered that organization adopts strategic planning; it was also found that strategic planning is effective in organization policy. Finally, having discovered that strategic planning contributes to the profit of an organization and it equally has impact on the corporate performance in an organization. The paper recommends that as a result of effectiveness of strategic planning, organization should continue to adopt it and give more priority and also government should create enabling economic environment that will make strategic planning a fruitful weapon.
The Effects of Strategic Management Practices on the Performance of the Universities in Turkey
Journal of Global Strategic Management, 2013
In the present study strategic management practices of the universities in Turkey were investigated and the effects of these practices on the performance of the universities were analyzed. The research investigated whether strategic management processes were implemented in universities in Turkey or to what extent they were implemented and the effects of these processes on the performance of the universities tested by means of a model which was developed. Concrete suggestions were made depending on the results. In the study, it was concluded that the universities operating in our country did not closely follow the changes and developments mainly about higher education in Turkey and in the world and that they did not pay enough attention to the competitive conditions and use strategic management practice adequately.
Strategic planning in higher education
This concept paper discuss about the importance of strategic planning in higher education system. The literature review embarked on strategic planning and funding higher education with the intention on methods, policies, and global trends with comparisons from different perspectives to enhance understanding of the study. The integration of strategic planning in higher education has provided a framework to facilitate institutions vision, mission, values, goals, and strategies. Therefore, the desires to improve the efficiency and effectiveness of strategic planning by implementing the performance indictor in higher education institutions have generated policies and methods to promote long term benefit to the economic growth.
STRATEGIC MANAGEMENT AND ACADEMIC PERFORMANCE OF SELECTED PRIVATE UNIVERSITIES IN SOUTHWEST, NIGERIA
The study examined the impact of strategic management on academic performance of selected private universities in the south-western part of Nigeria. It specifically investigated the influence of (a) university commitment to strategic planning, (b) inclusion of members of staff in strategic planning process; and (c) rewards and incentives during strategic plan implementation on academic performance of Nigerian private universities. The research work adopted a survey design with a well-structured questionnaire. The emerging data were analyzed using an ordinary least square (OLS) regression technique. The study showed that one unit increase in the level of:
EFFECTS OF STRATEGIC DECISIONS ON PERFORMANCE OF KENYAN UNIVERSITIES
The university education sector is becoming very competitive due to changes in the business environment. In order to be successful strategic decisions are a key to improving performance of universities. The purpose of this study is to establish the effects of strategic decisions on performance of universities in Kenya. Systems theory provided a theoretical basis for the study. The study adopted explanatory – cross sectional survey research design. Respondents were selected using stratified and simple random sampling techniques. A questionnaire was used to collect primary data. Data was analyzed using descriptive and inferential statistical techniques. Descriptive statistics such as means and standard deviations were used, while in inferential statistics, structural equation modeling was used for model specification and hypothesis testing. The study unveiled that strategic decisions have a significant effect on performance of universities. The study concluded strategic decisions positively influence performance of universities. Top management in universities should make strategic decisions that have a positive long term effect on performance of universities. The study recommended that top management should evaluate all strategic decisions before implementation and also a further research to be conducted in other sectors to test the conceptualized model.