Evaluation Of Management By Objective And It’s Applications In Financial Institutions

A Case Study Of Union Bank Of Nigeria Plc New Market Road, Onitsha

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Abstract

This research was undertaken to evaluate the extent of application of management by objective programme in the operations of financial institutions in Nigerian – A case study of union Bank of Nigeria Plc. New market road Onitsha. Motivated by the low productivity and poor job attitudes of staff of the study area caused by the job – centred approach (management style) and personality trait appraisal system highly favoured by most of the managers, the research focused on how the effective implementation of management by objectives programmes in union Bank can reverse the trend for better performance, job satisfaction and self actualization.
In the course of the study five major research question were formulated to guide the study.
Data were collected by means of face-to-face, questionnaire blended with sparing interview. In the analysis of the descriptive answers to the questions the main techniques used was simple percentages.
The findings revealed amongs other that employees are not always aware of the stated objectives:
(a) That the essential elements and pilours of management by objectives programme such as planning, controlling and motivation are poorly handled.
In conclusion, it was very evident that MBO is not effectively implemented and suggestions were made for improved application.

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Related Field(s):

Accounting (2390), Business Administration (3304), Finance (1347), Financial Management (111), Industrial Relations and Personnel Management (335), Management Studies (788)

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Keywords:

Financial Institution, Financial Management, Management Objective, Performance

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