ABSTRACT
This research work is aimed at finding out the strategies for managing environmental factors in Nigerian business organizations. A total number of one thousand employee which include the workers and top management staff.
Questionnaire was the major instrument used in collecting data from the sample size of the population in conjunction with personal interviews, while the content of the questionnaires were presented and analysed using simple tables and percentages, the two hypothetical questions were tested using the chi-square statistical tool.
The following findings were made, that goal attainment is affected by environmental uncertainty. Business environment has an impact on manufacturing firms productivity and that strategic planning management of business environmental uncertainty.
Based on the findings, it was concluded that effective strategic planning is vital in the management of business environmental uncertainty, which hinders the organizational performance and productivities.
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
1.1 Statement of the problem
CHAPTER TWO
2.1 Historical overview
Chapter three
3.1 Research methodology
CHAPTER FOUR
4.1 Analysis of research question
4.2 Test of hypothesis
CHAPTER FIVE
5.1 Summary of findings
Bibliography
Questionnaires
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
The environment is a major source of uncertainly to a business manager, and as such both influences the design of any organisation and the configuration of organizational structure.
Therefore, without a thorough analysis of the environment, a manager finds it almost impossible to make important operational decisions in his organization, which are vital in the attainment of various business objectives.
Hence no business organization can operate successfully in isolation, it has to exist and operate within an environment where there is complex interplay between human resources, material resources and other system. This creates the opportunities, threats and problems for the management.
Imaga (1996:40) said, we ought to realize that an organisation is an integral part of it environment and that they are mutually interdependent where the environment plays the role of providing the resources and opportunities to organisation for its existence, and the organisation in turn, offers its goods and services to the people living in its environment.
Fayol (1949:43) said that of all the basic functions of management such as planning, organizing, commanding, co-ordinating and controlling, planning is the most important and yet the most difficult responsibilities of management. This is because when goals and objectives have been determined, the next step is to choose the methods, approaches and or strategies of attaining them. All when and how this is to be done is for the planner.
However, plans alone cannot ensure success of an organization; this is because organization operates in has a big or vital role to play in the success of the organization.
Stanner (1998:207) observed that the most important sole influence on organizational policy and strategy is the environment, both within and outside the organisation. The more complex, turbulent and dynamic an environment becomes, the greater the impact on human altitudes, organizational structure and process, therefore since the environment is very complex, all organizations should direct its attention to their environment when formulating their strategic management policies, to facilitate their survival.
There is a vital need to map out a strategy, which will enable a business organization to operate successfully in its ever-changing environment. The environment, which business organizations operate in, is highly complex, turbulence, dynamic, therefore all organization, large or small for survival, should pay more attention to their environment more than ever before when formulating and implementing organizational policies and strategies.
Chairman, “John Holt” in the year 2000 Annual Report said “the Nigerian economic environment during this year witnessed unsatisfactory growth rate high rate of unemployment, low industrial output, coupled with poor demand. Energy crisis continued an unabated supply of petroleum product was epileptic; serious bottlenecks were thus created in the production processes culminating in increased operating cost. Electricity supply from NEPA was too disruptive; our operating units were forced to reply heavily on power generating facilities at exorbitant cost of diesel.
Kazmu (1992:05) over the relationship between industry and government stated that the industry after blames the government for exercising excessive control through plethora of rules and regulations. Consequently, how to pinpoint the right strategies at the right time, constitutes a problem to various organizations. This research will therefore investigate the following;
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