An Appraisal Of Communication As A Tool For Resolving Conflict In The Banking Industry (A Case Of First Bank Of Nigeria LTD, Owerri)

Project and Seminar material for Banking and Finance

Project and Seminar material for Banking and Finance


Abstract


This study is a research work to assess an appraisal of communication as a tool of resolving conflict in banking industry. It was motivated by the desire to use, understand more closely the significant of communication as a tools of resolving conflicts. In carrying out this research work, five objectives was outlined, survey method of research was used. A questionnaire was designed and administered.

The two hypothesis generated was properly analyzed using the chi-square, tables and percentage. The population was 100 and the sample size was 80. In my findings, it was discovered that many communications failed because of sender tries to convey everything that she or he knows about the subject which a message contains too much information, it is different to absorb. Based on these summary and conclusions it was recommended that an appraisal of communication by an organization requires a well co-ordinate effort and controlled by the communication experts in the organization.


Table Of Contents


Preliminary Page(s)

  • Title Page
  • Certification Page
  • Dedication
  • Acknowledgement
  • Table Of Contents
  • Abstract

Chapter One

1.0 Introduction

  • 1.1 Background of the study
  • 1.2 Statement of problems
  • 1.3 Objective of the study
  • 1.4 Research Question
  • 1.5 Significance of the study
  • 1.6 Scope and limitation of study
  • 1.7 Definition of terms

Chapter Two

2.0 Literature Review

  • 2.1 The concept of communication
  • 2.2 The nature of communication
  • 2.3 The communication process
  • 2.4 Representation a communication process
  • 2.4.1 Components of communication
  • 2.5 Settings of communication
  • 2.6 Types of communication
  • 2.7 The basic communication skills
  • 2.8 The functions of communication in a society
  • 2.9 Special problems of business communication
  • 2.10 How to improve communication
  • 2.11 Communication as a tool for organizational development
  • 2.12 Organizational conflict
  • 2.13 The role of conflict in today’s organization
  • 2.14 Strategies for managing organizational conflict in The First Bank Nig. (Plc)
  • 2.14.1 An appraisal of communication in crisis management
  • 2.15 Summary

Chapter Three

3.0 Research Methodology

  • 3.1 Research Design
  • 3.2 Population of the study
  • 3.3 Sample size and Sampling technique
  • 3.4 Research design
  • 3.5 Data collection
  • 3.6 Method data analysis

Chapter Four

4.0 Data Presentation and Analysis

  • 4.1 Testing of data
  • 4.2 Discussion and result

Chapter Five

5.0 Summary, Conclusion and Recommendation

  • 5.1 Summary
  • 5.2 Conclusion
  • 5.3 Recommendation
  • References

Chapter One


1.0 Introduction

1.1 Background of the Study

Communication is the passing on of ideas and information. In business, we need good and effective communication, the contact may be between people organization or places and can be in a number of forms such as speech, writing, data communication, actions and gestures.

We all have to communicate. To commutation well, requires not only the development of the basic skills of speaking, listening, reading and writing but also an awareness and understanding of the audience and the environment. Successful communication requires not only that information should be transmitted, but that it should be fully receive and understood. Listening and reading skills and writing skills (Needham and Dransfield 1990).

People in business spend about 70% of their working time in conscious and purposeful communication through speaking, reading or working. They also communicate unconsciously to the major function of an organization setting goals and objectives, making and implementing decisions, measuring resulting, hiring and development staff, dealing with customers and interacting with regulatory agencies.

If we had no communication of information to use, our lives would be no growth or transformation. We would not be enlightened, we should live in total ignorance. Life would not be worth living.

Communication is therefore the sharing of information. It is the most important human survival skill because we need it to maintain contact with the world. Yes, everybody communicated because communication itself is life (Monagham 1981).

Communication is thus a social phenomenon. It is a social intercourse, it is part and parcel of society as well as human existence. It may be used for different purpose viz achieving economic, political, religious, cultural, as well as social objectives. Communication links different people together, and provide experience that promotes social solidarity. Within this contact communication therefore can be seen as a means of transforming information to one’s self and others. (Daniel, 1995).

From pre-historic time, man has trying to inform his fellow man through one form of communication or the other that is through speech, sings, and signals, crude writing on walls or stones, drawing of animals. Apart from these, a variety of signifying form such as building, pictures, status, coins, banners and rituals of all kinds were used to express. Sometimes highly compel ideas.

Trading these forms of communication have been new dimensions into interpersonal and public or mass communication. (Akpan 1993)

Communication in its most general sense is a chain of event in which the significant link is a message in which the case harmonizing sense, communication is a source that can be learned and shared. It is production, perception and understanding of messages that bears the man’s notion of what is important, what is right and what is related to something else.

1.1.1 Brief Historical Background of First Bank Of Nig (Plc)

The first commercial bank established in Nigeria was the African banking corporation (ABC) in 1983. The bank suffered serious set backs due to lack of manpower and the economic condition of the country. Thus, to save as pilot for the colonial masters George Williams Neville and Alfred Lewis joins a private British shipping company applied to the colonial official in London and got clearance to form British West Africa (BBWA), the bank was in corporation March 31st 1894 in London but commenced business in August 1894 and took over ABC (Ndekwu, 1994: 13)

In June 1954, the word British was dropped from the name of the bank as a direct response to the clamour for independence and self rule. The bank then called Bank of west Africa (BWA).
A further change in mane was affected on November 1st 1966 to standard Bank of west Africa (SBWA) to reflect the merger of the BWA with standard bank of London.

During the Nigeria civil was companies DECREE No 2 of 196 were promulgated leading to the incorporation of SBWA on June 20, 1966 under the new name Standard Bank of Nigeria Limited (Ndekwu 1994, 93)
The tremendous changes which occurred in the early seventies in the Nigeria Economy put considerable pressure not only on the banking institution, but on other companies as well. These changes were necessitated by the federal government of the companies Decree of 1968. Thus no October 1, 1979 the standard Bank of Nigeria limited took a new first bank of Nigeria Limited.

This name was considered fit and reflective of the identity of the bank of the first successful commercial Bank in the country.
From the initial branch network of four (4) in 1896, the bank has grown to over 500 branches as at 2006 and with assert base well over ten billion naira.


1.2 Statement of the Problem

Many communications fail because the sender tires to convey a message contains too much information, it is difficult to absorb.

One of the most serious problems that organization face today is that of communication. Every person in the organization wants to get information about the happening in his or her organization.

The manager, on the other hand, needs to know the job performance of his subordinates and also the problems that such subordinates face. The subordinates also wants to know what management plants are.

In Nigeria industries today, this vital point of smooth relationship between workers and management has need overlooked and this had led to dissatisfaction and industries unrest.

The organization is faced with a situation where staff will feel they are not being allowed to know what is happening in the organization and what they will want to do to retain their right, while management holds the opinion that staff have done enough to find out what they should know about their job. It is based on the problem of frequent instability and industrial conflict in industrial sector which hinder effective job performance and organization growth.

The researcher decided to examine this and therefore suggest ways of avoiding the question of why staff and management play the cat and dog game while they both purport to pursue the same goal.
The research also examine the conflict between the organization and customers or partners, organization and the host communities.

It is on this basis, that there is need to examine the importance of communication as a tool of resolving conflicts in the banking industry, in order to maintain its goals with ease.


1.3 Objectives of the Study

This research has as its objective as;

  1. To assess whether communication is a tool for resolving conflict in the banking industry.
  2. To examine the various modes of communication used by First Bank Plc in solving their conflicts.
  3. To identify possible obstacles or barriers to communication and also be state the possibilities of removing most of these barriers.
  4. To ascertain the level of relationship between communication and conflict resolution in the banking industry.
  5. To determine whether is a relationship between strategies of communication and using communication to achieve organizational goals.

1.4 Research Question

  1. Has communication helped in conflict resolving in banks?
  2. Which strategies of communication can be used by First Bank Nig. (Plc), Owerri in resolving organizational conflict?
  3. What problem are faced by bank, in using communication to resolving conflict?
  4. What are the possible solution to such problem?

1.5 Significance of the Study

The findings from this study will assist the management of First Bank Nig. (Plc) Owerri to know the strategies for managing industrial conflict.
The study will also serve as a reference material t researchers students and writers in subject matters relating to this work.


1.6 Scope and Limitation of the Study

This research confines itself to discussing how the management of First Bank Nig. (Plc) used communication to reduce industrial crisis in the organization.
Due to lack of time and financial constraints on the part of the researcher, the study is limited to only the data received from 80 (eighty) employers of the (6) six department in the organization.


1.7 Definition of Terms

Some terms used in this research work are defined to suit the context for which there are used.

Communication:

Is the process by which people attempt to share meaningful through symbols messages (Ikpe, 1993).

Sender:

The sender initials the communication in an organization. The sender will be a person with needs, desire of information and a purpose for communicating them to one more people.

Encoding:

The sender encodes the information to be transmitted by translating it into a series of symbols.

Message:

The message is the physical form in which the sender encodes the information.

Channel:

This is the mode of transmission by which a message moves from source of the message to the receiver of the message (such as air for spoken words and paper for written words)

Decoding:

Decoding is the process by which the receiver interprets the message and translates it into information that is meaningful to him or her.

Noise:

Noise is any factor that intervened between encoding and decoding.

Feedback:

Mortensen (1919), defines feedback as the process of adjusting one’s communication behavior so as to take account of the observed influence of that behavior on the listeners”. It is also a reversal of the communication processing which a reaction to the sender communication is expressed.

None-Verbal Communication:

Is defined by Mthans (1988) as “all behavior expressed consciously or unconsciously performed in the perceived either consciously or uncounsciously.

An Organization:

An organization structure is the formalized procedures through which a business is managed. It could be defined as the framework within which management operates.

Conflict:

This has been defined as “the condition of objective in compatibility of deliberately interfering with an other’s goals, achievement, and emotional in terms of hostility (Kiyman and Thomas 1918)

Crisis:

This has been defined as “any event issue, occurrence or situation that could be described as a turning point, for better or for worse”. It has also been defined as a period of heightened uncertainty that uncertainty that increase the need o plan, and a point in time in which external and internal pressure change objectives and operational practices of an organization (Nkwocha 1999)


Chapter Five


5.0 Summary, Conclusion and Recommendation

5.1 Summary of Findings

The mission of the First Bank of Nigeria Ltd Owerri as reviewed in this study shows their awareness of rendered efficient services to their customers. The importance of communication has been the theme in the research.

The literature review on the caption “An appraisal of communication as a tool for resolving conflict in the banking industry (A case study of First Bank Nigeria Ltd, Owerri) reviewed the postulation a variation management scholars.

The target first bank Nigeria Ltd Owerri formed basis of our analysis which we put to test in chapter four through administration of questionnaire and evaluating the various answers tested quantitatively with ordinary percentage method. Thus, the need to enhance their communication arsenals should occupy the management of the bank and other to avert loss of opportunities nipping their millions of naira, the threat of competitors of real.

Employees or staff education. Whosoever thinks that education is not important is making a mistake and should try ignorance. Jr. Spencer levis in his book ITC principles for home and business emphasizes the most dreadful evil that man required salvation from, it ignorance, it is expensive.

It has been discovered that the observation improving the communication capabilities of First Bank Nigeria Ltd Owerri and making it practiced in Nigeria nationwide as noted in the [previous research demand surgical operation to demobilize then threat competitors.


5.2 Conclusion

Organization as communication system are in a state of crisis mainly due to archaic structure and faculty communication. Several authors and researchers have offered explanation and solution to the organizational communication problems inherent in our system. Common to many of their perception is the proposition that an organization operates as a complex. Open social system through which energy flows to and from the environment via the interaction of people and messages within the system.

Management traditionally relied on formal authority and classical organization restructuring to solve their “conflict problems”. Individual managers often became hypocritical in order to avoid conflict from above or below. They did this, by can be over comes, if the sender thinks about the audience let than know what to expect, use vivid language, stick to the point, connect new ideas to familiar ones, summarize key points, and provides opportunity for feedback.
The strategies for managing industrial conflicts are bargaining approach, bureaucratic approach and system approach which provide conceptional bases for managing organizational conflict.

Apart from above approaches for managing organizational conflict, other more practical steps have suggested for more effective management of conflict and these are perceiving or experience unacceptable conflict, diagnosing the source of the concept and intervening to reduce inter-group conflict, redesign the organizational structure in order to reduce the conflict.

The problems of organizational conflict are an incompatible means or incompatible resource allocations, a problem of status incongruities, and a different in perceptions, which are caused largely from the dynamic psychological process and individual and group.


5.3 Recommendations

Organizational communication is seen as the creation and exchange of messages within a network of interdependent relationships to dope with environmental uncertainty. Based on the findings, the following recommendations are made.

  1. Communication in whatever form plays an important role in business. If it is properly used it can lead to the development and expansion of the business concerned and thus helps in increased productivity.
  2. Although conflict is evidence, there are various ways in which it can be managed. This should be done when some circumstances of mutual trust can be developed.
  3. To determine an appraisal of communication process. It is necessary to ascertain whether the right information got to the right person at the right time and if there are some structural barriers to communication, they should be identified and overcome.
  4. An appraisal of communication by an organization requires a well co-ordinated team effort and this should be co-coordinated and controlled by the communication experts in the organization.
  5. To keep everyone on course and to provide feedback about the development message, the management of the first banks Nig. Ltd should keep in touch with staff members throughout the project.
  6. Managers should be able to trust others to do assigned job.
  7. An organization should be well advised, therefore, to provide some sort of in house training in communication skills for those who communication on its behalf. Obviously such training should at least cover the organization’s style preference and communication philosophies, so all can speak with one voice or as close to one voice as possible.
  8. In business, people communicate both as industrial and as representing of their organization. Naturally situation arise that creak a conflict between what one would like to say as an individual and what must say as a company representative. If this happens, strategies for resolving organizational conflict should be applied depending on the situation of the conflict.

An Appraisal Of Communication As A Tool For Resolving Conflict In The Banking Industry (A Case Of First Bank Of Nigeria LTD, Owerri)


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