Impact of Strategy Planning on Organizational Performance

The study examined the impact of strategic planning on organizational performance. The effectiveness of strategic planning can be measured in terms of the extent to which it influences organizational performance, which affects its survival rate. The specific objectives are to: determine the relationship between strategic planning and organizational performance; assess whether effective strategic planning enhances employee performance; and identify the major challenges in implementing strategic planning, of which International Breweries Plc, lesa (IB Plc will be used as case study. Based on the above objective, relevant literatures were thoroughly reviewed and three hypotheses were formulated and tested in this study. A survey technique was used with the administration of questionnaires to sixty (60) respondents comprising of both the senior and junior staff in IB Plc, Ilesa. The data collected were analyzed using the Chi-square method. The two hypotheses were confirmed. ie. there is no significance relationship between strategic planning and organizational performance and there is no significance relationship between strategic evaluation and organizational efficiency. The implication of this study is that Strategic planning enhances better organizational performance, which in the long nm has impact on its survival and that strategic planning intensity is determined by managerial, environmental and organizational factors. The study recommended that firms should give more serious attention to strategic planning, separate other types of planning from strategic planning, endeavor to choose appropriate strategies that matches for every strategic plans and as well adopt and effectively implement the full tenets of strategic planning.