The Need For Effective Management Of Organizational Policies And Procedures
The Need For Effective Management Of Organizational Policies And Procedures
Abstract
In all business enterprise the need for effective management of organizational policies and procedures in very important and can never be over emphasized and to achieve this goal target and objective it is beckoned on the design of managers who do not sit there as a ceremonial heads rather they house role of implanting the organic functions of management in today’s dynamic and competitive business environment in Nigeria. His works is design to expose and aid the serious minded managers to be adequately equipped to the challenges a head as future management practitioners in business. And when adequate implementation of policies and procedure is not there business world will be greatly affected.In generating data needed to achieve the objective of this study crosses-sectional survey was used. Questionnaires was used as he major instrument for primary data collection. To broaden the researcher’s depth of knowledge in the study area the research embarks on review of related literature with data drawn from secondary sources. Data generated in the study was presented on frequency tables and analyzed using simple percentage while the hypothesis were tested with chi -square (x2).It was found at the and of the research work that most organization cannot get the best out of their workers or reach to their option goal target and objective because of from management of organizational policies and procedure in Nigeria business workers are not allowed to join in decision making that concerns them.From the findings existence of these policies and procedures in one things awareness and utilization management on the part of the employee because another things and if not taken care of it will greatly affect the whole things as for as business is concern. Some of the policies and procedure are not in time with survival of the fittest in the banking industry changes in technology necessitate changes in policies.
Finally the need fore effective management of organizational policies and procedure most be more sensitive to customers and also in order to up grade the workforce with exquisite training and motivation which is the main target.
Table Of Contents
- Title page
- Approval
- Dedication.
- Acknowledgement
- Abstract
Chapter One
- Introduction
- 1.1 Background of study.
- 1.2 Statements of problem.
- 1.3 Purpose of study
- 1.4 Scope of the study
- 1.5 Research hypothesis
- 1.5 Significance of the study
- 1.6 Definition of terms
- Reference
Chapter Two
- 2.1 Review of related literature
- 2.2 The need for effective management policy
- 2.3 The need for effective management of organizational function
- 2.4 The need for effective control of organizational policies and procedure Nigeria business
- 2.5 Profit of union bank
- 2.6 Union bank operational rules and regulation and result.
- 2.7 Banking in Nigeria
- 2.8 The need for effective functions of bank generally
- Reference
Chapter Three
- 3.1 Research design
- 3.2 Area of the study
- 3.3 Population of the study size
- 3.4 Instrument for data collection
- 3.5 Validation of the instrument
- 3.6 Reliability of the instrument
- 3.7 Method of data collection
- 3.8 Method of data analysis
Chapter Four
- 4.1 Data presentation & analysis
- 4.1 Testing
- 4.2 Summary of result
Chapter Five
- 5.1 Discussion recommendation and conclusion
- 5.2 Discussion of result / findings
- 5.3 Conclusion
- 5.4 Implication of the research finding
- 5.5 Suggestion for furthers research
- Reference
- Appendix one
- Appendix
Chapter One
Introduction
The need for effective management of organizational policies and procedures must be more sensitive to customer are and also order to up grade the workforce with exquisite training and motivation so as to union a winner or devil a set objective which is the main target.
1.1 Background of the Study
The need for effective management of organizational polices and procedure in Nigeria business encouraged delegation making to business managers who not sit there as ceremonial needs rather they have the role of managing the organic function of management in today’s dynamic and competitive business environment in Nigeria. The research work is designed to expose aid the challenge ahead as future management parishioners in business.
Good policies provide definite and clear direction by top management and of the sometime allow subordinates to make their own decision with clearly stated limits. The usual sources of policies and procedure in Nigeria business embedded on managers and if is pertinent to mode that for a business to nation its position as a “going concern” entity, it is imperative that managers formulate policies plan effectively for the business enterprise. This is a major aspect of a task facing manager especially in a modern complex business situation. Therefore today mangers must take into consideration the following measures of the need for effective management of organizational policies and procedure in Nigeria business.
They must especially take into account the forces and trends such as environmental economics political sociological psychological technology legal and ethnical factors while formulating the policies that can facilitate the accomplishment of the overall objective and goals of the business in question.
Of course if a policy has been formulated but has not been carried out or implemented in action in cannot be effective since it has not come to the attention of the employee but it was the risk of being over cooked or misinterpreted, but according to Apala (1990: 59) he said that written polices are more precise and less prone to misunderstanding.
The need for effective management of organizational policies and procedure in Nigeria business to be properly executed the laid down rules guiding the organization must follow.
Procedure on the other land can so stated as the system that describes in details the step to be taken in order to accomplish a set objective in business which is the main target that head to the need for effective management of organizational policies and procedure emphasis more in detail while policies concentrate on the basis general approaches. A policy is therefore a guide for making decision thus according to Apala (1990:59) the simply defines policies as guide lines to managerial actions while Coventry and Barker (1985:93) defines policies as the guideline laid down in general or specific terms to make organization to mach the expected target or objective
1.2 Statement of the Problem
This boils down to what constitute the problem on the study of the need for effective management of organizational policies and procedure in Nigeria business exist on its own it need employers who will work in implementing those policies needed for effective business environment and all those will not take expected standard unless workers are properly motivated given them required training internal and external incentive and their salary may even be increased paying them over time and case things will be moving haphazardly and it will constitute a lot of problem to the study.
1.3 Purpose of the Study
Once case study will be union Bank of Nigeria Plc which is nation wide bank including moral branches we shall measure implemental of control effectiveness existing in the bank with aspect to certain principles and safeguards which must be incorporated in any control system as for as business is concern in Nigeria. They are as follows:
- The system is must have objectives which are relative and sell designed procedure.
- He is feedback information to let him know how is actual compares will the plans in the business of
- Each manager in the business organization is given an opportunity to contribute towards the formulation of planning for which be still be held accountable.
- They system must have a sound organizational structure and well designed procedure.
1.4 Scope of the Study
This study will be limited to few operational activities of banks we must not forget that a control missions of a bank as an intermediation is to protect the value which come into its. Therefore every activities in a bank has implication for the safety of value received given or transferred. Receiving cash deposit or paying withdrawal request are fairly universal function and would appear to have little room for variation from branch to branch examples will be foreign exchange transaction capital and money market operational transfer etc.
Operation rules dealing with these make assumption about the ability of a branch and it customers and the available of certain infrastructures. But this is not always the case so what happens in the exceptions care?
Our study should be limited to only such activities.
1.5 Research Hypothesis
Hypothesis One
- H0: All cadres of workers in Union Bank of Nigeria Plc are not involved in the need for effective management of organizational policies and procedure in Nigeria business.
- Hi: All cadres of workers in Union Bank of Nigeria Plc are not involved in the need for effective management of organizational policies and procedure in Nigeria business.
Hypothesis Two
- H0: Effective management has not helped in today’s dynamic and competitive environment
- H0: Effective management has helped in today’s dynamic and competitive environment
1.6 Significance of the Study
The need for effective management of organizational policies and procedure in Nigeria business should help effective managers to maintain or reach to set objectives in the business world. The study is very timely especially today that all hands are on desk to enhance business in Nigeria because of the dynamic and competitive business environment. We are in and as such this research work is designed to exposé and aid the services minded managers to be adequately equipped to face the challenges a lead as future management parishioners in business.
For the need for effective management of organizational policies and procedure in Nigeria business. There are three decisions to be made
- Effective strategic planning
- Effective management
- Operational
The need for effective management of policies in business is the process by which manager makes sure that resources are obtain since that expected rules and regulation are implemented and executed there no way the required resources not be obtained.
It is necessary to work according to organizational policies in business ventures so as not to go contrary which way affect the business rather the business will attain the it equilibrium point
1.7 Definition of Terms
Asses
Weight and appraise
Regulate
To adjust to return to predetermine course
Performance
The act of doing work
Result
The out come of performance
Procedure
The way work is done
Efficiency
Resources input into a process to produce the optimum amount of output
Effectiveness
Resources are used to achieve the desired ands
Chapter Five
Discussion of Findings, Recommendation and Conclusions
5.1 Discussion of Result / Finding
The need for effective management of organizational policies and procedure in Nigeria business encourages delegation decision making to business manager who do not sit there as ceremonial heads rather they have the role of implementing the organic functions of manageemnt in today’s dynamic and competitive business environment in Nigeria. This research work managers to be adequately equipped to face the challenges a head as future management parishioners is business.
All these are booming because if the reverse is the case the problem will still persists highlighted to problem of lack of seriousness inadequate fund lack training ignorance of work requirement and general apathy or challenges after all it is not my fathers business all these were found in this works of union bank of Nigeria Plc. Until after the findings and corrective measures were taken especially top management was given a clear direction and they allowed their subordinates to make their own decision with clearly stated limited. The usual scares of policies and procedure in Nigeria business is vested on managers and it is pertinent to note that for a business to retain its position as an “on going” concern entity it is imperative that managers should formulate polices plans and strategies as well as implement these plans effective for the continued growth survival of the business enterprise in question.
5.2 Recommendation
Control is network of branches top management of union bank of Nigeria Plc. Formulates policies and procedure on its function its functional areas based on the need for effective management of plans to the Nigeria Business in question. Based on the findings and result from the data so collected it is necessary to sum up the finding thus:
Firstly for the need for effective management of policies of skilled manpower and as such corrective measure should be taken so that it will not persist. The need for effective management of organizational of union bank of Nigeria Plc is not satisfactory taken care of due of scarcity of materials. To start with the policies and procedure manuals are not constantly reviewed to be abreast of time. In consequence some of the contents are out deed and reliance on them is not the best interest hence not exclusive moreover existence of these policies a and procedure is one things awareness and utilization implementation on the part of the employee because another thing. Some of the polices and procedures are not in tune with present technology many of the branches are still manual at this time whom war is survival of the fittest in the banking industry. Changes in technology necessitate changes in policies and procedures.
5.3 Conclusion
In line with the research findings the need for effective management of organizational policies and procedure in Nigeria business of union bank of Nigeria Plc. Should be improve to match with expectations and meet big three” and is highly rated for efficiencies standard performance and reliability.
Banks are in business to market a wide range of financial service. the banks survival therefore depend on the proper implementation of organizational policies towards business oriented managers at all levels. We must not loose sight of the fact that since each services is subject to marketing programme is the constitute basically the co-operate plan. In other world the need for effective management of organizational policies and procedure must be more sensitive to customers and also in order to up grade to up grade the workforce with requisite training on motivation so as to reunion a winner or achieve a set objectives which is the main target.
5.4 Implication of Research Finding
The study has educational implication on the research since it has evaluated the research in understanding of the course research methodology.
Though this research work the research has observed that because of poor implementation of planning poor organization lack of policies to Nigeria we cannot meet up with the dynamics of a changing environment especially from our competitors or even delegate that which we have feel unmindful of the whole thing and is seriously affecting the bank and other business entity unless corrective measure should be taken so that the problem will not persist.
Instead of making use of the things we have maintained our workforce crafts man and given better training to workers in Nigeria. We keep in importing goods if I may ask if we export our own products would anything happen to us ie. Lack of selected confidence so we better make lay while the sun shines for effective running of business and in other to meet up with the expected target.
5.5 Suggestions for Further Research
Following the result of this study the research suggested that any future research who is interested on the same topic should focus attention on which are hindering the need for effective management of organizational policies and procedure in Nigeria business. A study of other bank.
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