EFFECTIVE PLANNING AND CONTROL AS INDISPENSABLE TOOLS FOR BANK GROWTH AND DEVELOPMENT (A CASE STUDY OF UNITED BANK FOR AFRICA)
TABLE OF CONTENT
Background of the study
Statement of the study
Objective of the study
Significance of the study
Scope of the study
Definition of key term
Organization and plan of the study
2.1 Literature Review
3.1 Research Methodology
3.2 sources of Data Collection
3.3 Area of Study
3.6 Sampling Techniques
3.7 Validity of Instrument
3.8 Description of Research Instrument
3.9 Research Hypothesis
3.10 Procedure for Data Analysis
4.1 Data Presentation and Analysis
4.2 Presentation and Analysis of Data
4.3 Data Interpretation
4.4 Test of Hypothesis
5.1 Summary of the Major Finding
1.1 BACKGROUND OF THE STUDY
For any Organization to survive especially in a violate environment like ours. It must of necessity effective planning and control in its culture to realize its desired goal. If an organization fail to practice planning and control as a culture. Its bound to fail similarly, one who does not plans is also planning to fails any perspective we look at in life. It is all about planning and wholly working toward success with the aids of the laid down plant to achieve the desired goals.
Planning is said to be the first function of manager. It is the formal process of setting objective and determines the needs of accomplishing the predetermined objective.
Planning requires assessment of the organization of the organization strength and weakness through projections, fire casting about the future condition of the environment where the business operates planning leads to good performance.
Research has shown that successful firms plan and plan well (kootnz et al- 1986) creating posture and allocating duties and responsibilities among individuals within an organization implies that work decision about how an organization in area is being run control guides the activities towards predetermine goal.
It measure performance against standard with a view to enable corrective action to be taken to keep the plan on course.
Through control, the success of meeting the goals in an organization is judges and such goals are not met; corrective steps are taken or possible corrective solution.
1.2 STATEMENT OF THE STUDY
This project stated the problems militating against the effective planning and control as an indispensable tools for Bank Growth and Development.
1. It led to low productivity line-staff competition in Nigeria banking sectors.
2. There will are inter-departmental conflict in the banking sector.
3. It led to the organization and personal goal clash in Nigeria banks.
4. Through insufficient planning and controlling. It led pressure placed on employee by the demands of the organization and stave holder.
1.3 RESEARCH QUESTIONS
The following research question which relate to the effective planning and control are mapped out:
1. Do other factor such as remuneration and poor working environment result to poor productivity?
2. Does the act of not defining responsibilities during the process of the planning and control result in staff competition among surbordinates even among surbordinates to superior.
3. Could it be that how productivity results from failure on the part of management to identify opportunities and threat before making plans.
4. Are there clash among per sued values and organization goals that could lead to poor productivity and what ways can this be properly managed so as not to affect the organizational negatively.
1.4 OBJECTIVES OF THE STUDY
The objectives of the study “the Effective planning and Control” As an indispensable tool for bank growth and development.
i. To determine the importance of planning and controlling as an indispensable tool in banks.
ii. To determine the types of strategic needs to adopt in implementing its decision and show how to patronize her customers.
iii. To review the reasons why organization needs to plan so as to achieve its aim and objectives.
1.5 SIGNIFICANCE OF THE STUDY
This research work will benefit in the following ways. After it has been able to provide answers to the research questions in relation on how productivity. It will help management to know how best to handle poor productivity. In their organization, it will also act as reference to managers.
This research work would give a better understanding of the term planning, control and high light their user in any organization. It will serve as reference to future researchers involved in similar issues.
1.6 SCOPE AND LIMITATION OF THE STUDY
The research project examines how effective planning and control as an indispensable tool aids bank growth and development. It also identifies and examines banners that hinder banks plans and proper solution bank growth and development.
Furthermore, this project is restricted to banks growth and development since it deal with purely descriptive in native and concentrate on guarantee Trust Bank Plc Ilorin Branch.
This research has a lot of limitation due to time constraint, insufficiency of data, inadequacy of finds and other problems. The study can only be generated to guarantee trust bank plc branch all over the country.
1.7 DEFINITION OF KEY TERM
PLANNING:- This can be defined as a predetermined course of action over a specific period of time. It can also be defined as deciding what to do, who to do it, how to do it and where to do it.
CONTROL:- In this context of this project work, control is the power to make decision about how an area or an organization is being run.
DEVELOPMENT:- It is the act of designing strategic and procedure which if faithfully implemented will bring about much desired development growth and increase welfare of the organization.
GROWTHS:- This is an increase in the resources of the organization (Man, Machine, Material and Method) which must be subjected to continuous strength, weakness, opportunity and a threat analyzing it includes the organization market share coverage and an appreciation of the stock.
1.8 ORGANIZATION AND PLAN OF THE STUDY
The researcher work will be divided into five chapters and each chapters contains the following.
Chapter one contain background of the study, Statement of the study, Statement of the study, research question, Objective of the study, Significance of the study, Scope of the study, Definition of key term, Organization and plan of the study.
Chapter two discusses literature review, historical background, what is planning, types of planning, planning process, benefit of planning.
Chapter three also contain research methodology, source of data collection, area of study, population, sampling, sampling techniques, validity of instrument, description of research instrument, research hypothesis, procedure for data analysis.
Chapter four also deal with data presentation and analysis of data, data interpretation, test of hypothesis.
Chapter five highlights Finding, summary, conclusion and recommendation.
2.1 LITERATURE REVIEW
According to Apple by (1989). Planning is be defined as a way of forecasting future circumstance and requirement, selecting or deciding objective marketing short or long term strategies, determining policies to be followed and standard to be sets. It also involves making choices that it decision making. He further ascertained that planning helps organization to minimize the level of risk and uncertainly in its environment due to change in the social economic and technological environment.
Herold Kootalz (1980) says that the “making means looking ahead” give some ideas of the importance attached to planning in the business world and of is true that if foresight is not the whole of management at least it is an essential part of its. He went further to say that foresight means assessing the future and making provision for it, that is foreseeing is action already.
Micheal .S. Stahls (1980) view planning as deciding in advance what organization objective ought to be and what its member ought to do attain its objective as such, planning is future oriented to reach the future goals, manager must attend to three important issues. To research the future goals, manager must attend to these.
1. Where is the organization now? Manager must be aware of the strengths and weakness of the organization. The organization need to understand how these strengths and weakness position the firm in relation to customers demand and to competitor’s position.
2. Where does the organization want to go? With knowledge of where the organization is now, managers need to determine factors that could find attachment of these goals in order to anticipate and work around its factors.
3. How will the organization reach the goals? Strategies policies and procedure that will enable the organization to reach it goals need to be developed in details.
Taylor and sparkes (1970) postulate that planning is the systematic exercise in determine the total resources of an organization for the achievement of its qualified objective within specified time frame.
Steiner (1977) sees planning from two ways.
A. As dealing with the futurity of current decision in order word, it look at the chain of time of an actual or intended decision that an executive is going to make.
B. It is a process which begins with the definition of objective, development of objective, development of strategies and policies of detailed programme to ensure that the strategies are implemented to achieves the objective planning is philosophy, Aince businessmen and executive see it as a way of life..