The Role Of Planning And Forecasting In Business Organization

The role of planning and forecasting the business organization is a topic chosen from the business administration and management field. 

The research was conducted mainly to examine the positive and negative effects of not making good use of planning and forecasting in the business administration of an organization. For effective research on this topic THE ROLE OF PLANNING AND FORECASTING IN BUSINESS ORGANIZATION, both primary and secondary data were used to elicit information from sample studied, the primary source of data were response from the personal interview, while secondary sources from text books on business management and administration periodicals.

Twenty- five persons were interviewed as the sample of the staff and management of EASTERN SHOP NIGERIA LTD.

The data analysis was based on oral interview we had with the staff of eastern shop (twenty-five). The major findings are as follows:

This project has three chapters. Chapter one contains introduction, statement of problems, objectives of the study, significant of the study, definition and important terms and research questions. 

Chapter two is the literature review. Here some related literatures were reviewed. 

Chapter three deals with the finding, summary, recommendation and conclusion.

 

Andreas faludi states “ planning and forecasting is the queen mother function of management (organization) and that if planning and forecasting fail, what/who will you direct, control, budget, staff, co-ordinate or organize rather than failure and shame! Again he states that, “theories provide explanations, explanations are response to state of tension resulting from observing unexpected events. (Toulinin, 1960)

Planning and forecasting present efforts to reduce surprise caused by such event by giving practicable accounts of how they come about”