Relevance Of Strategic Management In A Competitive Banking Environment

Relevance Of Strategic Management In A Competitive Banking Environment

Chapter One

Background Of The Study

The history of UBA can be traced to British and French Limited, which began from BANOGE NATIONAL four Le Commerce etc diligence( established in 1832).

Beforehand in 1949, MesserE.E Hunger Buler andC.H. Baker were seconded from Banyae National Pour le Commerce etc diligence( established in 1932).

Beforehand in 1949, MesserE. E Hunger Buler andC.H. Baker were seconded from Banyae National pours i.e. commerce etc diligence( BNCL) to Lagos, where they were assigned to make original arrangement for the setting up of the British and French Bank.

In May 1949, the British and French Bank operation in Nigeria at broad road, Lagos which moment house piecemeal of Kingsway store complex of February 23rd 1961, its listed office was at 127129 board road Lagos.Mr. F De lajugie was the first general director with its establishment UBA came the first bank among the transnational bank operating in Nigeria at the time to be over# 4 million. The following United Bank for Africa periodic report 1980 pagel were

The British and French bank

Bank citizens del lavaso of study

Monte, de paschi di siena of study

Bankers trust of new York USA

Amsterdam Rotherdown Bank at Holland

The bank has grown from its original one office

Structure in 1961 to 2001 as early 1995, the banks paid up capital has risen to# 120 million

Purpose Of The Study

To reduce query in decision timber as far as possible by anticipating and planning for unborn events.

to make operation move in a methodical way and form a long term perspective, about enterprises and short term opinions.

To insure that the external terrain and trends in it are covered for implicit openings and pitfalls.

To give a medium for methodical appraisal of the internal strengths and weakness of the association.

To give a frame against which raw ideals for business development can be checked.

To element in literacy and provocation, anabling individualities to appreciate the part hand than progress and estimate the exact to which their trouble and energy is being constructively spent.

To association need a barometers against which success or lack of it can be measured( if does n’t know where its going or wo n’t know its appearance)

To help operation to prognosticate association geste to some extent.

Statement Of The Problem

The problem include

i. A low growth of out put

ii. A patient deprecation of naira exchange rate and its inflatimary trouble on prices.

iii. High rate of severance

iv. inordinate of high borrowing rate which discourage productive investment

Reduction conditioning in the manufacturing sector.

Significance Of The Study

The main significance of the study is to examine the United Banks for Africa Plc carries out the strategies operation in this area of deregulation. This exploration aims to describe and assess the following.

i. The extent to which the banks engaged in strategic planning

ii. The openings and pitfalls traced by the banks

iii. The factor militating against its competitiveness.

The study shall also take a look at the internal structure at the bank with particular reference to

i. The decision timber and planning process

ii. The functional strength and weakness

Eventually, the study tries to proffer result ton problems being encountered and recommended indispensable strategies.

Delimitation Of The Study

The exploration work which is on strategies operation in competitive banking terrain requires geographically wide spread and large population in view of the study to the banking terrain in Osun State and with special emphasis to the strategic operation of UBA Plc Osogbo, as it’s possible to visit all the banks in Osun State talk lower of that of the whole confederation.

Limitation Of The Study

The following limitation must be conceded as a great constraints to the study.

fiscal constraints. The profitable situation in the country couple with the ever adding in cost of accoutrements services and other incidental cost imputed. Inputed into this exploration work made it delicate for the exploration to be carried out satisfaction.

Strike action generally embarked upon in the academic terrain by academic or non academic likewise do produce imbrication among the academic timetable and bulk of academic work being lump together with other lot conditioning, thereby not creating enough time chance should be given to pupil to operate on their exploration work by the pupil, the government academy and being in academic conditioning in lot in that further apartments would be created for exploration design by the final time scholars.

Description Of Terms

Planning is deciding what to do it, when to do it, and what to do it controlling coordinating organizing to nasty the pretensions and objective

Corporate Appraisal are part of a complex process whereby association set objects for them characters and plan how to meet them in a sysmatic fashion.

objects are those which are combined with the pretensions work the association as a whole.

operation therefore has come to be called mortal coffers operation and embraces the labor force functions of man power planning and coffers reclamation retention, development and control labour development.