Paper Title
Strategic Planning, Constraints, Effects and Implications For Manufacturing Companies in Africa
Abstract
Most manufacturing companies in Nigeria depend heavily on imported raw materials, plant and machinery for
their operations. They have to procure these with foreign currencies. The exchange rates are rising daily and cannot be
predicted. Cash flow requirements are difficult to estimate and at the end of production, product prices reflect the exorbitant
procurement cost of imported inputs. The resultant high price adversely affects sales and ultimately plant utilization caused
by decrease in demand for the products. Corporate planning is therefore ineffective in the circumstance. Hence, strategic
planning which is essential for corporate survival in the long term is now gradually becoming a worthless exercise for such
companies.
Keywords- Strategic planning, manufacturing, Companies, Africa