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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