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Bullion

Keywords

Strategic planning, Environmental scanning, Strategy formulation

Abstract

Strategic planning is a systematic and formalised approach to a realistic determination of the banks objectives, goals and strategies. The operatives and word here is realistic for their is no organisation without objectives. The article discusses the elaborate procedure adopted by a bank intent on introducing formalised planning. It highlighted loopholes to be avoided if the bank is to have any chance of seeing its plan implemented. Finally, the author shared the experience of United Bank for Africa (UBA), limited in strategic planning.

Author Bio

The Author is a staff of United Bank of Africa (UBA).

Publication Title

CBN Bullion

Issue

4

Volume

14

Included in

Finance Commons

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