THE EFFECT OF LONG TERM PLANNING ON ORGANIZATIONAL PERFORMANCE (A CASE OF NNPC)

Abstract

       This study was designed to find out if or whether long term planning has any effect on organization performances in Nigeria National Petroleum Corporation in carrying out this, respondents. The questionnaire were analyzed using simple percentages and all square for which conclusion were made on the basis of the findings. Also in handling our topic, we have framed it into five chapters. Chapter one boarded on introduction which contains background of the study, scope of the study, limitation and definition of terms. Chapter two concentrated on literature review which is made up of introduction. Chapter three dealt on research design and methodology which contains introduction, research design, sources / methods of data collection, population and sample size, sample techniques, validity and reliability of measuring instrument and method of data analysis. Chapter four centered on presentation and analysis of data which contains introduction, presentation of data analysis of data, test of hypotheses and interpretation of result and lastly, chapter five is summary of findings, conclusion and recommendations.

TABLES OF CONTENT

Title page

Approval page                                                                      ii

Dedication                                                                    iii

Acknowledgement                                                         iv

Abstract                                                                       v

Table of contents                                                          vi

CHAPTER ONE

1. Introduction                                                          1
2. Background of the study                                          1
3. Statement of the problem                                        5
4. Objectives of the study                                           7
5. Research question                                                  8
6. Significance of the study                                          8
7. Scope of the study                                                 9
8. Limitation of the study                                            9    
9. Definition of terms                                                  10

CHAPTER TWO

• Literature review                                                    13
• Introduction                                                          13
• The underlying principles of planning                         18
• Classification of planning                                         23
• The need for long term planning                               28

2.5 Techniques for long term planning                              31

2.6  Steps in long-term planning process                                35

2.7 Areas where long-term could be applied                                  42  

CHAPTER THREE

• Research design and methodology                            47
• Introduction                                                          47
• Research design                                                     47
• Sources / method of data collection                                        48
• Population and sample size                                      49
• Sample techniques                                                  50
• Validity and reliability of measuring instrument           50
• Method of data analysis                                           52

CHAPTER FOUR

• Presentation and data analysis and interpretation        54
• Introduction                                                          54
• Presentation of data                                                       54
• Analysis of data                                                      54
• Interpretation of results                                          54

CHAPTER FIVE

• Summary, conclusion and recommendation                62
• Introduction                                                          62
• Summary of findings                                               62
• Conclusion                                                             63
• Recommendations                                                  64

References                                                      66

Appendix 

CHAPTER ONE

• INTRODUCTION
• THE BACKGROUND OF THE STUDY

Extensive business planning is a comparatively modern development. Early industrial and marketing organizations concentrated upon production and selling rather than planning. This was partially a reflection of size of the industrial concerns small-scale operations permitted much planning to be done formally. Business was also less complete many factors of great significance to day such as labour, public relation, tax legislation, consumer preferences, and international business were relatively unimportant in the early period.

Various developments have created the need for more extensive business planning. Growth in size made it difficult to operate without formalize planning. In the field of petroleum, the work of Fredrick W. Tayor and the scientific management movement placed great stress upon detailed banking planning. Since the second world war, there has been a substantial increase in corporate planning of a comprehensive nature. In earliest years.

These was a tendency for planning to be performed unevenly throughout. The company and the result was a collection of plans which controlled. The operation on individual segment of the business but lacked overall unity.

Heindreds of large corporation have adopted. The practice of comprehensive corporate planning regularly preparing formal long-rang plans.

The constantly accelerating rate of changes in the environment, products markets, and method of business has forced attention to long term planning.

A company must therefore plan long into, the future if it must stay even with the competition environment. Discoveries and new product line obsolete. Lead time for introducing new products and exploiting new materials is shortened by the rush to duplicate the success of other by competitors. In this atmosphere of constant change, long term planning is necessary for survival. Today, the need for long-term planning in public administration, but to use complete quantitation and sophisticated tools such as electronic computers in planning.

The desirable course of action for the business. The major question today, is not whether to engage in long term planning on the organization is performance.

BRIEF HISTORY OF NIGERIAN NATION PETROLEUM CORPORATION (NNPC)

The Nigerian national petroleum corporation (NNPC) is a state oil cooperation through which the federal Government of Nigeria regulates and participate in the country’s petroleum industry.

NNPC was established on April 1, 1977 as a merger of the Nigerian national oil corporation and the Federal ministry of mines and steel. NNPC by law managers the joint venture between the Nigeria. Federal government and a numbers of foreign multinational corporations, which includes ROYAL DUTCH SHELL, AGIP, EXXONMOBIL CHEVRON AND TAXACO. Through collaboration with these companies, the Nigeria government conducts petroleum exploration and production.

The NNPC Towers in Abuja is the headquarters of NNPC, consisting of four identical towards the complex is located on Herbert Macaulay way, contral Business District Abuja. NNPC also has zonal offices in lagos, Kaduna, port Harcourt and warri. It has an international office located in London, united kingdom.

The NNPC group Comprises the NNPC Board, the group managing directors office, each of the directorate is headed by a group Executive Directors (GED). Its divislons are headed by Group General managers (GGM).

The directorates of the NNPC company is as follows: