THE IMPACT OF STRATEGIC PLANNING ON PERFORMANCE IN THE UNIVERSITY EDUCATION: A CASE STUDY OF UNIVERSITY OF IBADAN, NIGERIA

Ayodele Bidemi Kolade, Olaoluwa Omotayo Olanipon, Olarewaju Michael Olumuyiwa

Abstract


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 alike, should engage in strategic planning in order to enhance corporate performance.

 

Article visualizations:

Hit counter

DOI

Keywords


strategy, university, performance, strategic planning, organisation

Full Text:

PDF

References


Abdulkareem, A.Y. (2001). Nigerian Universities and the Development of Human resources. Benin City: NAEAP Publications.

Abdulkareem, A.Y. and Oyeniran, S. (2011). “Managing the Performance of Nigerian Universities for Sustainable Development Using Data Envelopment Analysis”. International Journal of Academic Research in Business and Social Sciences

Adegbie, F.F. & Fakile, S. (2013). Strategic planning and performance: Catalysts for sustainability and stability in the Nigerian financial sector. European Scientific. Journal, 11(9), 87-95

Adeleke, A., Ogundele, O. & Oyenuga, O. (2008). Business Policy and Strategy, (2nd ed). Lagos: Concept Publications.

Arasa, R. & Obonyo, K.P. (2012). The relationship between strategic planning and firm performance. International Journal of Humanities and Social Science, Special Issue, (2) 22, 201-213.

Akapo O.E. (2011). “Enhancing Organizational Performance through Strategic Management: Conceptual and Theoretical Approach”. 21, 193–203.

Akingbade, W.A. (2007). Impact of Strategic Management on Corporate Performance in Selected Indigenous Small & Medium Scale Enterprises in Lagos Metropolis. Unpublished M.Sc. Thesis, Department of Business Administration & Management Technology; Lagos State University, Ojo; Lagos.

Akinwumi, F.S., Isuku, E.J. and Agwaranze, D.I. (2005).University Education Deregulation: Pros and Cons. Jos, Nigeria: NAEAP Publications. M. P. Ginac Concept Ltd.

Akinyele S.T. and Fasogbon O. I. (2007). “Impact of Strategic Planning on Organizational Performance and Survival”. Research Journal of Business Management, 1: 62-71.

Andersen, T.J. (2000). “Strategic Planning, Autonomous Actions and Corporate Performance”. Long Range Planning 33 Accessed on December 15, 2011 from

Ansoff, I.H. (1965).Corporate Strategy. Middlesex, McGraw-Hill

Arasa, R.M., E.O. & Machuki V.N. (2011). “Participatory orientation to strategic Planning process: Does it pay?” Prime Journal of Business Administration and

Management (BAM) Vol. 1(10), 319-327

Aremu, M.A. (2000). “Enhancing Organizational Performance through Strategic Management: Conceptual and Theoretical Approach”.

Asika, N.M. (2004). Research Methodology: A Process Approach. Lagos: Mukugamu & Bros. Enterprises

Babalola, J.B., Jaiyeoba, A.O. and Okediran, A. (2007) In Ajayi and Ekundayo: “Deregulation of University Education in Nigeria” Management of Education in Nigeria. NAEAP Publications. Jos, Nigeria: M. P. Ginac Concept Ltd.

Barney, J. (1991). “Firm Resources and Sustained Competitive Advantage”. Journal of

Management, 17: 99-120

Cap Gemini Ernst and Young (2001). “Current Thinking on Strategic Planning and

Implementation” www.strategicthinking.aspx retrieved on November 5, 2011

Chang, G. (2008) “Strategic Planning in Education: Some Concepts and Methods”. South African Journal of Business Management. 39(4), 27-36.

Coetzee, O. (2003) The Relationship between Personality Variables and Work Performance of Credit Controllers in a Bank. Pretoria: UNISA

Cole, G.A. (1999). Personnel Management Theory and Practice. 4th Ed. New York: Continuum.

Cotter, M and Paris, K.A. (2007). “Survey of Strategic Planning Practices in Higher Education” International Journal of Quality & Reliability Management, 11(9), 87-95.

Crook, T.R., Ketchen Jr., D.J., Combs, J.G., and Todd, S.Y. (2008).”Strategic resources and performance: A meta-analysis”. Strategic Management Journal; 29, 1141-1154.

Daft, R. (2008). New Era of Management 2nd Ed, China: Thomson South-Western.

Dansoh, A. (2005). “Strategic planning practice of construction firms in Ghana, Construction Management & Economics ”Taylor and Francis Journals, 23(2), 163- 168. Retrieved from Dauda, Y.A., Akingbade, W.A. and Akinlabi, H.B. (2010) “Strategic Management Practice and Corporate Performance of Selected Small Business Enterprises in Lagos Metropolis”, International Journal of Business and Management 5(11): 97 - 105

Douglas, W.V. (2003). “A Configuration theory Assessment of Marketing Organizational Fit with Business Strategy and Its Relationship with Marketing Performance”. Journal of Marketing, 67(1): 100 – 102

Fehnel, R. (2000). “Strategic Planning and the Nigeria University System Innovation Project”

Hill, W., Jones, G.R. & Galvin, P. (2004).Strategic Management: An Integrated Approach. Wiley, Milton.

Howard, M.C. (1976). Management: Concepts and Situations. Chicago, SRA Inc.

Ibadin, V.O.; Shofoyeke, A.D. and Ilusanya, G. (2005): “The History of Private Sector Participation in the Provision and Management of Education in Nigeria” in G.O.

Akpa; S.U. Udoh and E.O. Fagbamiye (Eds) Management of Education in Nigeria. NAEAP Publications. Jos, Nigeria: M.P. Ginac Concept Ltd.

Jackson, S.E. and Schuler, R.S. (1995). “Understanding Human Resource Management in the Context of Organizations and their Environments.” In M.R. Rosenszweig & L.W. Porter (Eds.), Annual Review of Psychology, 46: 237-264.

Johnson, Scholes and Whittington (2008). Exploring Corporate Strategy. (8thed). London:

Pearson Education Limited

Kraaijenbrink, J., Spender, J.C. and Groen, A. J. (2010). “The Resource-Based View: A Review and Assessment of Its Critiques”. Journal of Management 36;

Lerner, A.L. (1999) www.researchlener/strategy/asp

Mankins, M.C. and Steele, R. (2005), “Turning Great Strategy into Great Performance”. Harvard Business Review (July–August), 64–72.

McIlquham-Schmidt, A. (2010). “Appraising the empirical evidence of the relationship between Strategic planning and corporate performance”.

Miller, C.C. and Cardinal, L.B. (1994). “Strategic planning and firm performance: A synthesis of more than two decades of research.” Academy of Management Journal 37(6), 1649–1665.

Mintzberg, H. (1994). The Rise and fall of Strategic Planning. New York, NY: The Free Press.

Mullins, J.L. (2010). Management and Organizational Behaviour (9thEd). London Pearson

Education Ltd.

Nwachukwu, C.C. (2006). Management Theory and Practice” (2nd Ed) Onitsha: Africana FEP Publishers Ltd.

Nmadu, T.M. (2007). “Strategic Management in some Nigerian Businesses: A business reality”. Journal of Management Research and Development, 1, 17-23

Ogundele, O.J.K. (2007). “Introduction to Entrepreneurship Development, Corporate Governance and Small Business Management.” Lagos: Molofin Nominees

Oyebade, S. A. (2005): Privatisation of University Education in Nigeria: Implications for

Educational Management. NAEAP Publications. Jos, Nigeria: M.P. Ginac Concept Ltd.

Oyedijo, A. (2004). Strategic Management: An Introductory Text. Lagos: Strategic International Press Ltd.

Oyedijo, A., & Akinlabi, H. (2008). “Relationship between the Intensity of Strategic Management.

Olayemi, A. (2004). Nigerian Universities and the Development of Human resources. Benin City: NAEAP Publications.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Ayodele Bidemi Kolade, Olaoluwa Omotayo Olanipon, Olarewaju Michael Olumuyiwa

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2015-2018. European Journal of Education Studies (ISSN 2501 - 1111) is a registered trademark of Open Access Publishing Group. All rights reserved.


This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library (Biblioteca Nationala a Romaniei). All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All authors who send their manuscripts to this journal and whose articles are published on this journal retain full copyright of their articles. All the research works published on this journal are meeting the Open Access Publishing requirements and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License (CC BY 4.0).