THE CAUSES OF FAILURES AMONG SOME MANAGERS IN BUSINESS ORGANIZATION. (A CASE STUDY OF FIRST BANK NIG. PLC ENUGU).

Project Abstract

This research project aims to investigate the causes of failures among some managers in business organizations, with a focus on First Bank Nigeria Plc in Enugu. The study seeks to identify the factors that contribute to managerial failures within the organization and explore potential solutions to address these challenges. The research methodology will involve a combination of qualitative and quantitative approaches. Data will be collected through interviews, surveys, and analysis of relevant documents and reports. The study will target current and former employees of First Bank Nigeria Plc in Enugu, particularly those in managerial positions or who have worked closely with managers. The findings of this research are expected to shed light on the common causes of failures among managers in business organizations, with specific reference to First Bank Nigeria Plc in Enugu. Factors such as inadequate leadership skills, poor decision-making, lack of communication, and organizational culture may be identified as key contributors to managerial failures. The implications of these findings are significant for both academia and practice. By understanding the root causes of managerial failures, organizations can implement targeted interventions to improve leadership effectiveness and overall organizational performance. This research may also contribute to existing literature on management and organizational behavior by providing empirical evidence on the factors that lead to managerial failures in a specific organizational context. Overall, this study holds the potential to offer valuable insights into the challenges faced by managers in business organizations, particularly within the banking sector in Nigeria. By addressing these issues, organizations can enhance their managerial effectiveness, foster a positive work environment, and ultimately achieve their strategic goals.

Project Overview

<p> </p><p><strong>1.1 &nbsp; &nbsp; GENERAL BACKGROUND TO THE SUBJECT MATTER</strong></p><p>The purpose of this project is nothing short of what organization is all about and possible ways of achieving our goals or objectives.</p><p>In this aspect therefore it will be wise for us to know what is an organization. The “organization” is the act of putting into systematic relationship those elements and activities essential to the satisfaction of purpose of organization; this aids the achievement of a given purpose by facilitating and fostering co-operation. Co-ordination and interaction between people, between functions and between department.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Sometimes we try to ask who is a manager?</p><p>Most of us direct our attention to a company or to any organization.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; A Manager from my view could be a man with his family. In another aspect, a manager could be a person who can control those in his company since he has the knowledge of controlling both skilled and unskilled staff to achieve the set goals of the company.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; However, in any organization therefore which concern in this topic that a manager is a person who attempts to achieve certain objectives by directing human activities in production for goods and services. He utilizes the land, factory, office machinery and offer facilities at his disposal in the most effective manner. Denyer d. c (1976) defined management as the act and science of achieving the objectives of a business in most efficient way. The act of carrying out his functions, which goes to make up his job, is described as management.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Management therefore, is the process of getting things done through people by certain objectives examples, formulation, plans, organizing, directing, staffing, controlling and innovating people. It has been observed that the British government that colonized us merely taught us Arts subject without getting into other aspect of education, what would have been of educational important were neglected such as: Business and Science Education. This have affected our country in general, most of the managers read Arts subjects and they only got to that managerial position by promotion. This then reveals that they lack knowledge or training for the post they hold.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The second aspect which militate against the progress of managers is that most of them in the position got there as a result of their numerous experience, with this they are deemed fit for this position. There is what I may call “Job incompatibility” (conflict) among managers just imagine a situation where the Junior staff who received the managerial skills are made to work with senior staff managers. This will automatically bring conflict to the organization because each and everyone of them will try to make sure that the workers carries out his and only his instruction.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; In conclusion, when a man marries his trouble begins, and when he marries twice his troubles are bigger. In some way as well, for a manager in an organization his problems become complex when he is unaware of the cause of his failure. Our manager should be aware of their loop- holes and make necessary adjustment to avoid failure.</p><p><strong>&nbsp;1.1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; PROBLEMS OF THE STUDY</strong></p><p>Lack of communication between the workers and co-operation, excessive overtime, errors, lack of staff, poor supervision, poor selection, lack of promotion possibilities, poor salary and poor managerial skill. If all these are not checked, failure on the part of Manager is bound to occur. According to staff of Rohner Aibler in their managers for tomorrow (1967) says managers fail when they are unable to serve the need of their business.</p><p><strong>&nbsp;1.2 &nbsp; &nbsp; THE CAUSES OF FAILURE AMONG SOME MANAGERS</strong></p><p>IN BUSINESS ORGANIZATION: - The problem that is concerned with the study is listed below.</p><ol><li>Technical Inadequacies.</li><li>Problems of geographical spread.</li><li>Lack of capital.</li><li>Lack of managerial skills.</li><li>Existence of rigid organizational structure.</li><li>Social and political instability.</li><li>Existence of communication gaps between management and workers.</li><li>Lack of adequate information with which to plan and control business organization.</li></ol><p>According to John W. Humble in his book of improving business results (1972) states that within it are often dissipated on trivial and non-project task.</p><p><strong>1.3 &nbsp; &nbsp; THE IMPORTANCE OF STUDYING THE AREA</strong></p><p>The importance of this project is to enumerate the causes of failure among some managers in business organization. This is also done to make the managers to beware of their failure, so that they can make possible solutions to the problems. This project is of paramount importance to the managers in business organization for them to easily glance through and know how to handle their organization with maximum effectiveness and efficiency. This project is of vital role to the managers in an organization towards the successful achievement of the objectives.</p><p>The study will help the management appoint the right person to the right job.</p><p>This study will also help the managers to utilized human and material resources of the objective of the company.</p><p><strong>&nbsp;1.4 &nbsp; &nbsp; DEFINITION OF IMPORTANT TERMS</strong></p><p>The part of this project deals with some words (terminology), which the reader may find difficult to understand .</p><p>&nbsp;WORDS &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; MEANING</p><p>Organization &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Act of organizing</p><p>Organize &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Put into working order, arrange in</p> <br><p></p>