ANALYSIS OF CORPORATE LEADERSHIP AND EMPLOYEE EMPOWERMENT IN SELECTED NIGERIAN BANKS

ABSTRACT

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 data used in the course of the study. The primary data was collected using the instrument of questionnaires while that of the secondary data was obtained using written textbooks journals, magazines, newspapers and the use of library.

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Leadership is a subject that has long excited interest among scholars and managers of men and resources. The term connotes images of powerful dynamic persons who command victorious grieves, direct corporate empires from top gleaming skyscraper of shape the course of nation (Yukul 1981). Interest in this subject existed as long as people have been studying human behaviour. In fact leadership behavior arises where two or more persons gather for political, economic, social or religious purpose. Mekeaghar (1997:180) attested that leadership is not the giving of direct, rather it is the facilitation of directedness, it is an activity of a group which cannot actually be separated from the dynamic interaction of the communal process of envisioning. As such, leadership entails responsibility of self and others, not only in the identified leader but also in each member of the group within which leadership implies not only the inter relatedness of persons but also their common direction. In actual fact, leadership is more than power or authority, it actually implies some degree of voluntary compliance by followers.

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.

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.

1.4 RESEARCH QUESTIONS

The research work will attempt to provide answers to the following questions.

(i) What is the dominant/prevalent governance style?

(ii) To what extent is the effect of employee empowerment on the employee performance and the overall organizational performance?

(iii) To what extent is there a relationship between the employee empowerment and organizational performance?

1.5 STATEMENT OF HYPOTHESIS

Hi There is a relationship between the employee empowerment and organizational performance.

Ho There is no relationship between the employee empowerment and organizational performances.

Hi The employee are truly empowered in the banking industry.

Ho The employees are not truly empowered in the banking industry.

1.6 SCOPE AND LIMITATION OF STUDY

The study will be limited to only three commercial banks based in Enugu State. The study intends to covers as many effects of governance style and employee empowerment as possible as it affects organizational performance. There may be omission and misinterpretation by the employee of the Bank. This could be through lack of proper understanding of the questions asked, forgetfulness or deliberate misinterpretation. This will tend to reduce the degree of accuracy of the research work.

1.7 SIGNIFICANCE OF THE STUDY

With the licensing of new Banks and imminent introduction of universal banking. The competition in commercial banking is getting stiffer. Commercial banks sell virtually the same product and king customer is very much aware since needs are ever changing, if a company is not bale to satisfy its customers needs, the likelihood is that its competitors will take over.

REFERENCES

Adeosun O.A. (1989) “Appraising the Performance of Business Organization” In Role Functions of Boardman Cohole Adawunmi Nigeria Longman Nigeria. Akin Ogundeji O. (1996) “Leadership Strategic Leadership Forum” https/www.sifness.org.qui take/05996.hyacl. Femis (1997:151) “Leadership” Being a Lecture delivered to MBA students of Caritas University.

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