POLICY FORMULATION: A TOOL FOR ACHIEVING ORGANIZATIONAL EFFECTIVENESS

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POLICY FORMULATION: A TOOL FOR ACHIEVING ORGANIZATIONAL EFFECTIVENESS

ABSTRACT

The purpose of this study was to identify policy formulation as a tool for achieving organizational goals and effectiveness of an organization. It sought to investigate the different policies and how the employee react to them, i.e. whether they are consulted or not before policies are formulates, if yes, how they react to it when it is formulation, if no, why and how it is also affects them and their level of productivity in the organization towards reaching the company’s stipulated goals and objectives. Due to this research work, we have come to see that policy formulation is an important aspect and must be followed carefully to avoid the liquidation of an organization, so with all our findings in this study, employee feelings are to be considered, considering the fact that a conducive working atmosphere helps in increasing the level of productivity of a firm, so when the policy (ies) formulated affect the employee the firm is bond to fail or not to reach it’s attained goals and objectives. Employees should also respect the fact that every organization has it aims and objectives of being established and without discipline and qualities of management (monitoring, directing, coordinating planning etc.) an organization is also bond to fail and when all theses are let aside employee may become  lazy and ineffective and efficient  to work.

CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

Every organization (regardless of industries in the country) seeks to be effective and achieve superior results. Organizational effectiveness in this context refers to the extent by which an organization achieves specified level of progress towards the attainment of its cooperates goals. It is the concept of how effective organizations are in employing sustainable and realistic strategies that will transform its resources and processes into targeted results. Organizations are said to be effective when their desired output exceed their input; when they are able to achieve sustainable business results regardless of market conditions.

All organizations bring a number of factors to their operation but then it is a question of what they actually do that determine the quality of result they achieve in terms of growth, profit, stability, productivity, cohesion, turnover etc. Most of the indigenous enterprises in Nigeria are not able to produce powerful and mutually re-informing result, the profit, growth and productivity level of these enterprises are relatively low and very disappointing, most of these enterprises liquidate immediately after their take-off, some do not have the potential and capacity to put to efficient and effective utilization all types of resources in the bid to realize the set organizational goals and objectives. The entrepreneurs and management managing such establishments are not able to discover the current realities and drivers of success. They are not able to excuse the right strategy that will help the enterprise achieve supervisor result that are sustainable regardless of market condition and the environment in which it operates. Thus, there is need to investigate the type of policy formulated in organizations and how it affects their effectiveness J. Udeagbala holdings Nigeria limited Aba is not operating at a high level of effectiveness.