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Analysis Of Corporate Leadership And Employee Empowerment In Selected Nigerian Banks
[A CASE STUDY OF DIAMOND BANK PLC, ECOBANK PLC, UNION BANK PLC, IN ENUGU]
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Successful empowerment will typical require feedback on performance form
a variety of sources, an environment that is leant of mistakes, widely
distributed information, that is to learnt of mistakes widely
distributed information, generalist managers and employees, flat
structures and less bureaucracy. In the service industry, managers
describe their primary sources of competitive advantages as being the
people. As such people are the single most important asset. Only a
system of distributed decision making can provide flexibility and
motivation for people to maintain peak performance levels. The banking
sector being one of the foremost sectors in the services industry was
selected for the study.
The roles of banks in the macro-economic
polities of a nation especially in the implementation of monetary and
fiscal policies cannot be over emphasized. Commercial Banks have been
selected for this study because of their capital formation role through
financial intermediation. Three Commercial Banks in Enugu were selected
for this study. They are Eco Bank International Plc, Diamond Bank
Limited, Union Bank of Nigeria Plc. These Banks were selected based on
their structures, age and size. The study is to assess the leadership
styles adopted in the banking industry and the relationship between
leadership style and corporate performances, to determine whether the
employees are empowered or not and the correlation
between employee
empowerment and employee performance. It is also aimed at determining
the relationship that exists between employee improvement, leadership
style and organizational performance and the overall impact on the
stakeholders. 1.2 STATEMENT OF THE PROBLEM In today’s business world,
organizational performance depends on corporate governance, which in
turn depends on employees, who are considered as the most important
asset. Proponents of employee empowerment believe that it will result in
optimal organizational performance while other’s believe it is a noble
cause but are lost on the empowerment ethics. This becomes a serious
problem as most corporate leaders in a dilemma on whether or not to
embrace empowerment and if they do, how do they manage the empowerment
mechanics. As this problem persists, the organization may be under
utilizing the workforce, losing monetrality and by extension making the
society worse off. There is therefore the need to determine
(i) The mechanics of empowerment employed in the banking sector.
(ii) The effect of governance style on organizational performances.
(iii) Whether employee empowerment actually increased overall performance of the banks.
1.3 OBJECTIVES OF THE STUDY The objectives of the study are as follows:
i) To determine the governance style relevant in Nigeria banking industry.
ii) To determine the relationship between leadership style, and employee performance.
iii) To determine whether the employee is actually empowered in the banking industry.
iv) To determine the relationship between employee empowerment and organizational performances.
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ABSRACT - [ Total Page(s): 1 ]The topic of this research is Analysis of corporate leadership and employee empowerment in Nigerian Banks. (A Case Study of three selected banks in Enugu State, Diamond Bank Plc, EcoBank Plc and Union Bank Plc). The population of the study was 365 while the researcher used the Yaro Yamani formular in the determination of the sample size, which was 190. The type of the research design used was survey research. The researcher used both the primary and secondary sources in obtaining the relevant da ... Continue reading---
