IMPACT OF MANAGERIAL TECHNIQUES ON THE GROWTH AND DEVELOPMENT OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK PLC, UYO)

IMPACT OF MANAGERIAL TECHNIQUES ON THE GROWTH AND DEVELOPMENT OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK PLC, UYO)

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

An organization can only survive in today’s dynamic and competing business environment by being able to achieve their goals. Each level of organizational activity has its goals which will culminate into one global or overall organizational goal. To be able to coordinate all these activities it is the manager who act as a “link” between each level of organizational activity and the external groups or bodies to achieve expected results. It is good managers at every level that can make the organization prosper and grow, without a good manager such an organization would just die a natural death (fold up or lose down indefinitely).

By this many renowned management writers have recognized the need for a manager in an organization and that is why Joseph Schum Peter term “managers” as the engine growth while Peter Drucker consider management as “the life giving organ of the enterprises body”.

The growth of an organization faces many strategies of evolution through the phases of problems: who is going to lead the organization out of confusion and solve the management problems confronting the organization? The manager who can be able to pull and put the organization together must have the basic managerial techniques. It is this that organization depends on and the managerial talents which will carry out the four managerial functions without which the goal of such an organization cannot be attained.

Organizations are guided and directed by the decisions of persons who are designated managers. These involve the process of getting activities of the organization done through and with people by designing and maintaining an environment conducive for people working together to do so on a cooperative manner. By so doing, managers can utilize the four organization’s elements such as material, financial, human and information, to effectively and efficiently accomplish the overall goals of the organizations.

Also, managers are seen as an initiator of change, an organizer of economic venture or promoter of activity of some sort. He constantly envisions new ideas, new opportunities and new methods to adopt to suit the prevailing conditions in order to enhance performance. He is the activator of a change to involve new products, new plants, improvement upon existing product, etc, – all in an effort to improve performance. The decisional roles are very significant in the performance of a manager’s daily activities. Every step a manager takes involves decision making. For the organization to attain its goals, the manager has the responsibility of making sure that his decisional roles are carried out in a manner that these roles enhance the performance of the workforce and aid in achieving the goals of the organization.

1.2     STATEMENT OF THE PROBLEM

This study intends to examine the impact of managerial techniques on the growth and development of an organization.  Hence, what managers need to do is to acquire training programmes and seminars which will positively make them attained the organizational goal. A critical examination of the questions below will aid the researcher in assessing the impact of managerial techniques on the growth and development of an organization.