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Strategic Planning As A Tool For Achieving Organization Objectives
[A CASE STUDY OF UNITED BANK FOR AFRICA LAGOS]
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1.4 SCOPE AND LIMITATION OF THE STUDY
The scope of this study is limited to united bank of Africa (PLC) Lagos and within the bank.
However, all categories staff were studies as questionnaire were administered across the entire organization range from a short floor worker, the supervisor and foreman, that is the middle organization team and top executives. The study also will cover areas like manger use planning technique to solve problems.
Also due to financial constraints, time and availability of some field workers of united bank of Africa (UBA) plc, difficulties were encountered in collecting necessary resources for the study.
1.5 HISTORICAL BACKGROUND OF UNITED BANK FOR AFRICA
The united bank of Africa limited formally (British and French bank) affiliate of the bonque National poile commerce at id industry, a large French banking established come in 1949 to make the third expatiated bank which dominated early Nigeria commercial banking with Nigeria attainment until then had only a branch in Lagos later extend to other part of the country in a bid to modifying its structure in Nigeria.
Hither to, the united bank for Africa (UBA) was established in October 1961 with a network of ten branches operating in most important areas of the country. Now having about 400 branches throughout the federation.
The largest of the three major banks on the country with an asset in excess of 25 billion and total employee strength about 80,000. This growth of the bank resulted from its willingness to introduced innovations into the existing tradition banking services and contributing to greater and more meaningful economic development in Nigeria.
It is worthy to note that united bank for Africa (UBA) was the first among the internal bank noperating in Ngieria to be registered under the Nigeria Law.
It was also the first bank introduce banking service in the country, and to establish a branch in a university campus namely the university of Lagos (UNILAG).
In fulfillment of its commitemtn to the economic development in Nigeria, UBA became in 1971, the first expatiate bank to sell shares to the Nigeria public, on the international scene it had been related as one of the top 300 banks as the world.
UBA has achieved in all aspects of trustee, shares, registration, corporate finance and composed service through a specialized division.
Aggressive banking promotion strategy coupled with willingness to innovate has earned the bank on enviable promotion in the banking industry. As a government corporate citizen, UBA is strongly committed to its exial responsibility and identities communities, in which its represented and is therefore able to give advice, and assistance on for eigh business and transaction more effectively. Service improvement during the last final years include the computerization of foreign payment.
Eleven new branch were now opened as a result, it is now represented in Abuja, the new federal capital and several state capitals. The marina branch is the Nigeria external telecommunication house, in Lagos the first branc to be computerized from the date of inception.
The aim strategies employed by the UBA management are geared towards ensuring best service to customer like any other commercial bank in the country.
1.6 DEFINITION OF TERMS
STRATEGY
This is a logical or system of getting things done in an organization.
PLANNING
This is the fundamental function of management resolve for the attainment of organization aim and objectives that is the process of forecasting for advice achievement of the desired end.
STRATEGIC PLANNING
This is the function of top-level management to design the logistics of attaining the organization goals, and transfer to the manager for the proper implementation
TOOLS
This is a way or machinery through which certain assignment can be carried out.
ORGANIZATION
This is an establishment or an institution, which comprises of group of people to achieve specific purpose.
STATISTIC
This is the record of even that related to particular subject under reference.
DATA
This is a race or information which has to collected for the subject under reference in order to have a reliable conclusion.
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