Importance of capital budget in an economy

(A case study of Entrance)

By

ENEK NWANNEKA. M.

Presented To

Department of Accountancy

95 Pages 8,552 Words 1,748 Views Microsoft Word Format No. of Chapters: 1 to 5 Chapters

PROPOSAL

This research work will be based on corporate planning as a tool for achieving organizational objective. Corporate planning is a long -term strategic planning which covers some periods of years longer than one year and typically embraces 3,5,10 year or even longer than that period. Ian organization, corporate plan coordinate the affairs of the organization effectively

In the curse of doing this we bring about the problems that will arise, the significance, objectives of the study and the limitation and the scope of the study some pimple of the study includes,

Flexibility of corporate planning which will aim at setting corporate objective, clarify policies and stage that will provide the essential frame work for realistic operational planning and budgeting.
It will also aim at the improvement of senior or top management to their goal congruence.
It will aim at exposing weakness in the organizational information system and to force improvement which will be made.

The next stage will be chapter two which will deal with hierarchical nature of planning nature of the study and some stage in corporate planning which will entail, considering the best way to move from where organization will future.

This chapter will also explain the importance of the study and the description of the previous research study.

The next stage which is chapter three will show how research will be design. Data will be collect from both primary source of data collection and secondary source of data collection. Primary source of data will include personal interview and questionnaires, while secondary source of already existing data, journals and text books.

Chapter four, will deal with presentation, analysis will use to determine the population that will use in conducting our research. The last chapter will include summary of findings, conclusions and recommendation which also bibliography will be included.

TABLE OF CONTENTS

THE TITLE PAGE ………………………………………i

THE APPROVAL PAGE ………………………………ii

DEDICATION ………………………………………………iii

ABSTACT ……………………………………………………iv

ACKNOWLEDGEMENT……………………………………v

Section 101 CHAPTER ONE

10 INTRODUCTION

11 BACKGROUND OF THE STUDY

12 STATEMENT OF THE PROBLEMS

13 PURPOSE OF THE STUDY

14 SIGNIFICANCEOF THE STUDY

15 RESEARCH QUESTIONS

16 RESEARCH HYPOTHESIS

17 SCOPE AND LIMITATIONS OF THE STUDY

18 DEFINITION OF TERMS

(a) CHAPTER TWO

20 REVIEW OF RELATED LITERATURE

21 DESCIPTION OF PREVIOUS RESEARCH STUDY

22 NATURE OF THE STUDY

23 STAGE IN CORPORATE PLANNING

24 IMPORTANCE OF THE STUDY

25 CORPORATE PLANNING AND BUDGETING

26 COMPUTER IN CORPORATE PLANNING

27 ECONOMIC EFFECT IF CORPORATE PLANNING

28 CORPORATE PLANNING INVOLVE FINANCE

REFERENCES

(i) CHAPTER THREE

31 RESEARCH DESIGN

32 AREA OF STUDY

33 POPULATION OF THE STUDY

34 SAMLE AND SAMPLING TECHNIQUES

35 METHOD OF DATA COLLECTION

36 METHOD OF DATA ANALYSIS

(ii) CHAPTER FOUR

41 DATA PRESENTATION

4,2 DATA ANALYSIS

43 TESTING OF HYPOTHESIS

44 SUMMARY OF RESUKT

REFERENCES

1) CHAPTER FIVE

51 SUMMARY OF FINDIGS

52 CONCLUSION

53 RECOMMENDATION

BIBLIOGRAPHY

Chapter one

10 Introduction

11 Background of the study

Long-term strategic planning is termed corporate planning (c p) and when, it is applied to organizations as long-term plan, it covers periods longer than one year and typically embraces 3,5,10 year or even longer periods

Moves organizations how been making use of planning discharge of their objectives but, it seems as the short-term or ordinary plan have been used Under this it was investigated that this short-term plan could on longer cover most of structured objectives of an organizations, therefore, the introduction and application of corporate (long-term)planning arrived

In an organizations ,this is implied so to coordinate the affairs of the organization effectively Therefore, it could be understand as the formulation, evaluation, and selection of strategic which involves a review of the objectives of an organizations so as to see the proper display of responsibilities As most corporate plan is time consuming, which involves comprehensive statement of all the financial consequences and assumption, it is then necessary that organizations employing (c p)should as well, make use of computer base models Also, the application of corporate planning in an dynamic and flexible

This will enable, reviewing the plan regularly in anticipation of unexpected events such as sudden loss of large market or source of supply of raw-materials due to a coup or some of technological break through

Statement of problem

Corporate planning exist in an organization so as to help satisfy the various wants of interest groups These include the investors, the analysis, the workers and decision makes It also, meant to satisfy the present and future objectives But there are some problems which set back the execution follow:

v poor forecast of Relevant Environmental factor: If a firm fails to put real forecast about important environmental factor, which will include (expected economic, political, social, technological, competitive) and other factor which will effect the organization over the time period of the plan, it will course the organization not to rise to poor assumption about the environmental factors

v Lock of corporate planning objectives:

Due to lack of corporate objective or specific objectives necessary for corporate planning it may not be easy to quantify even those factors which may be of qualitative in nature The objective of plan is the most important aspect of any planning which sieves as guidance to execute the planning

Lack of strategies:

An organization which doesn't have an agreed strategies which would help them achieve the objective with time scales carry out their activities or fulfill their objectives within the end of the agreed planning period

Deride of Divisional/ Departmental plan:

Due to non-existence of divisional plan, it will be very difficult for an organization to operate prefecture, in discharge of the said plan and objective, this is because, the existence of division and departments will support the strategies already set out

Poor financial implication:

This is a crucial section in corporate planning which if doesn't have in the system, it will paralyses the operations In This, it include forecast financial statistics(Turnover, capital employed, net Assets employed , profit percentage) etc In addition, application of funds statement

Inadequate personnel Implication:

If a firm lacks proper personnel structure, it will also make the operation of corporate plan ineffective Personnel implication helps to corporate department plans and thereby enhancing the discharge of objectives effectively without much complication

Purpose of The study

The aim and objective of this study is to examine flexibility and dynamic ways of corporate planning which enables an organization to review the discussed in respect of the study so as to see the impact of the plan:

v Flexibility of corporate planning aim to setting corporate objectives clarify policies and strategies that provide the essential and fraise work for realistic operational planning and budgeting This objective will help the organization to carry out its plan creditability

v Dynamic and flexible of corporate plan has its objective as to coordinate the differing aspect of the organization and help to avoid sub-optimality

v Having corporate planning as a background, aims at avoiding undue concentration on short-term factors and facilities, those policies which by their nature are long-term in nature,(capital investment, acquisition and divestment) career planning and organization restructuring

The aim of corporate planning is to expose weakness in an organization information system and to force improvement to be made

v Also, it aims at the improvement of senior or Top management to their goal congruence

14 Significance of The study

This study is significant in various ways it will draw attention to the various organizational structures and relevant of corporate planning which could be compatible in an organization It will manifest in the area of mangers and supervisors to be conscious of certain factors which may call for a style of plan to be adopt in their organization Further more, the study will manifest also in an organizational structure and the choice of planning in the management practice of Nigerian managers

Meanwhile, the study is an added discuss to related issues by some eminent scholars, some of whose works are reviewed in the next chapter It will also sieve as a reference for potential researchers who may be interested in the same or related topic

15 Research Question:

In order that the purpose of this research should be guided, the following research question has been asked:

1 Is corporate planning needed in an organization structure?

Ii Did managers need corporate planning in discharge of their duties?

iii Is there any problem that arises from corporate planning?

Iv Does it means that without corporate planning organization could not achieve their aim?

v Did corporate planning an organization lies on corporate planning

vii Does it required stage in corporate planning?

viii Is there contribution of the personnel in corporate planning?

ix Should corporate planning be flexible and dynamic?

x Did corporate planning requires financial implications ?

xi Does it need to consider environmental factors before implementing corporate plan?

xii must corporate planning requires or need computer applications?

xiii Is there any adverse effect in application of corporate planning ?

xiv Do you agreed that corporate planning involves shoot analysis?

xv Did corporate planning relate to budgeting?

16 Research Hypothesis

1 Ho: Fifty percentages of managers do not operate on corporate planning

Hi Fifty percentages of managers operates on corporate planning

2 Ho: corporate planning is not needed in an organization

Hi: corporate planning is not needed in an organization

3 Ho: corporate planning has an objective

Hi: corporate planning has objective

4 Ho: Environmental factor is not considered incorporate planning

Hi:: Environmental factor is considered incorporate Planning

5 Ho: There is an adverse effect in application of corporate planning

Hi: There is an adverse effect in application of Corporate planning

6 Ho: corporate planning did not involve financial implication

Hi:: corporate planning involve financial implications

17 Scope And Limitations of study

Scope of The study,

Given the geographical area of the study, it is worthy of, that Enugu State Women Development center, operates on the implementation of corporate planning which could also found in other big organizations in Nigeria

The study therefore, concentrates on what is available and relevant to the topic To this end, emphasis was laid on the exposure of nature and implementation of corporate planning

17) Limitation of study

The validity of the study can be extended to other organization in the same field But an over stretch of it to organization which are more modern given the reference of modern technology and the accompanied good information system, is not guaranteed

However, the application of the principles to the design of organization plan given the influencing factors, can be extend to any organization or business firm Mean while, the study is not the fist of its kind, list as it can not be said to be the best among other studies given the factors that the in puts were restricted to the available fields and manilas were scare to locate for the research

Furthermore, lack of finds also contributed to limit the expansion of further application of corporate planning within an organization In addition, poor statistical data as regards to the study ; also act as a limitation to the study The is because, if there is in correct statistical information, to carry out any form of plan could not be effectively done because, it may cause or bring out some short comings with an organization

Definition of terms

Strategic : An essential area or situation which need proper focus or consideration

Frame work : That part of a structure that gives shape or support to an object

Adverse: This mean an unfavorable or hostile effect in an organization or firm

Planning: The management function that aims at drawing out line or arrangement for doing thing

Flexibility: Act of been easily bent or change without damage so as to snit a new conciliation

Dynamic: A physical power and force producing motion

Effectiveness: The extent to which the desired result is realized; frequently compared with efficiency

Organization: Body or system that comes together as a whole

Long-term: means lasting for a time ahead which may be above one year or more

Department: One of several division of a business organization or otherwise

Forecast: Predict in advance what is likely to lappen

95 Pages 8,552 Words 1,748 Views Microsoft Word Format No. of Chapters: 1 to 5 Chapters

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