“…In large organizations strategic planning is known to occur at several levels, at all of which it is recognized as necessary for companies to adopt a "process" approach to strategic planning which includes in its ambit a systematic identification of the company mission in light of the corporate or business philosophy, followed by the formulation of objectives, growth strategies and, specific product-market positioning strategies based on target market identification, given the situational effects of the environmental opportunities and threats. The extent to which marketing know how is applicable to businesses operating in the Third World has been questioned having due regard to the constraints operating in sellers' versus buyers' market economies (Bartels, 1983;Cavusgil and Yavas, 1984), and to the effects of state government controls (Ross and McTavish, 1985). Subsequent research by Akaah et al, (1988), among marketing managers drawn from companies in five different African countries on the perceived utility and applicability of marketing concepts, has indicated that the performance of marketing management activities -including objective setting, planning, co-ordination, valuation, and controlwas indeed high in the third world business context.…”