AN ANALYSIS OF THE IMPEDIMENTS TO STRATEGIC MANAGEMENT IN THE NIGERIAN BANKING INDUSTRY

AN ANALYSIS OF THE IMPEDIMENTS TO STRATEGIC MANAGEMENT IN THE NIGERIAN BANKING INDUSTRY

 

ABSTRACT

It is no gain saying that Nigerian banking and financial system has undergone remarkable changes over the years, in terms of the number of institutions, ownership structure, as well as the scale of operations driven largely by the deregulation of the financial sector in line with the global trend. The aim of the study is to analyze impediments, determine and ascertain the causes of resistance to changes in strategic management practices by bank management as well as proffer solutions on eliminating such impediments to strategic management practices in Nigerian banking sector. In this study, descriptive statistics was used to describe quality and quantity raw data on the impediments to strategic management in the Nigerian banking industry. It is important to note that a thorough understanding of descriptive statistics is essential for effective use of all normative and cause-and-effect statistical techniques, including hypothesis testing, correlation, and regression analysis.  In conclusion, the result of the analysis ‘showed that banks have really developed new ideas to contend with impediments to strategic management  through new technology, new products and services, competent human resources and strategic branch locations to enhance performance and profitability.

TABLE OF CONTENTS 

Title Page                                                                                          i

Certification                                                                                      ii

Dedication                                                                                        iii

Acknowledgement                                                                             iv

Abstract                                                                                             v

List of Tables

 

CHAPTER ONE – INTRODUCTION

1.1 Background of the Study                                                            1

1.2 Introduction of Banking System in Nigeria                                 4

1.3 Statement of the Problem                                                            7

1.4 Objectives of the Study                                                               9

1.5 Research Questions                                                                     9

1.6 Hypothesis of the study                                                              10

1.7 Scope of the Study                                                                      10

1.8 Significance of the Study                                                            11

References                                                                                   12

 

CHAPTER TWO – REVIEW OF RELATED LITERATURE

2.1 Theoretical Review                                                                     14

2.2 Empirical literature                                                                     29

References                                                                                   39

 

 

CHAPTER THREE – METHODOLOGY OF THE RESEARCH

3.1 Research Design                                                                          41

3.2 Sources of Data                                                                          41

3.3 Population/Sample Derivation                                                    42

3.4 Instrument for Data Analysis                                                     44

3.5 Method of Data Analysis                                                            45

References                                                                                  46

 

CHAPTER FOUR – DATA/RESULT ANALYSIS

4.1 Data Presentation and Interpretation                                          47

4.2 Implications of Results/Analysis                                                48

References                                                                                         60

 

CHAPTER FIVE – SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary                                                                                    61

5.2 Conclusion                                                                                  61

5.3 Recommendations                                                                       62

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