In this study, we undertook a critical appraisal of the strategic management practices of selected old and new generation banks in Nigeria. It is motivated by the problem of high rate of bank distresses and failures in the economy. The objectives therefore were to ascertain the level of corporate accountability, honesty and integrity exhibited by banks’ management/directors in Nigeria; discover the level of efficiency in the strategic management of human, financial and material resources in Nigerian banks; find out the level of compliance to banking ethics and professionalism that exist in Nigerian banks.
For the research methodology, we adopted opinion survey techniques, where primary data for the study came mainly through questionnaires and personal interviews were conducted where appropriate, while the secondary data were obtained from unpublished materials, Journals and relevant articles in banking and trade newsletters/in-house journals. The data were analysed through Chi-Square statistical techniques.
At the end of the analysis, the results showed that there is a low level of corporate accountability, honesty and integrity by banks’ management/directors in Nigeria. There is also a low level of efficiency in the strategic management of financial, human resources and assets by Nigerian banks, and low level of compliance to banking ethics and professionalism by Nigerian banks’ staff and management.
CHAPTER ONE
1.0 INTRODUCTION
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With the devastating global economic and financial crises, which had seen to the collapse of stocks and banks in many countries of the world, it is the belief of management and financial experts that for any Nigerian bank to survive it, it must adopt a wholesome strategic management practices in its corporate governance.
Donli (2005) observed that traditionally, the role of banks whether in a developed or developing economy, consists of financial intermediation, provision of an efficient payments system and serving as conduit for the implementation of monetary policies. It has been postulated that if these functions are efficiently carried out, the economy would be able to mobilise meaningful level of savings and channel these funds in an efficient and effective manner to ensure that no viable project is frustrated due to lack of funds. The role of banks in economic development has been richly articulated in the literature. Pioneer contribution of Schumpeter (1934) was of the view that financial institutions are necessary condition for economic development
| Project details | Contents |
|---|---|
| Number of Pages | 124 pages |
| Chapter one | Introduction |
| Chapter two | Literature review |
| Chapter three | methodology |
| Chapter four | Data analysis |
| Chapter five | Summary,discussion & recommendations |
| Reference | Reference |
| Questionnaire | Questionnaire |
| Appendix | Appendix |
| Chapter summary | 1 to 5 chapters |
| Available document | PDF and MS-word format |
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