CORPORATE PLANNING AND ORGANIZATIONAL GROWTH

ABSTRACT: This study examines corporate planning and organizational growth. Specifically, the study examines the relationship between corporate planning and organizational growth, determines the corporate planning strategies used by commercial banks for effective organizational growth and ascertains whether corporate planning will improve the growth of an organization. The study employed the survey descriptive research design. A total of 30 responses were validated from the survey. The study adopted the management by objectives theory. From the responses obtained and analysed, the findings revealed that the relationship exists between corporate planning and organizational growth of Diamond Bank (Access Bank) include providing the information top management needs to make effective decisions, productivity is maximized, corporate planning intensity causes organizational growth and in turn, organizational growth causes greater corporate planning intensity. Furthermore, the study shows that corporate planning improves the organizational growth of Diamond Bank (Access Bank). This is as the Pearson correlation test showed a positive significant relationship (.922**) between utilization of library resources and academic performance of students. The study recommends the management of Access Bank, as a matter of necessity and in order to improve their level of performance in the manufacturing industry, should look beyond the issue of clear objectives to effectively and efficiently communicate to those pre-determined and clearly stated objectives to all organizational members with the responsibility of executing this task. More so, employees should be allowed to participate actively in the process of decision making. Participation makes employees more responsible. It also gives them a feeling of dignity, status and recognition