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CAUSES AND EFFECT OF INEFFECTIVE COMMUNICATION IN THE BANKING INDUSTRY

  • Type:Project
  • Chapters:5
  • Pages:65
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

CAUSES AND EFFECT OF INEFFECTIVE COMMUNICATION IN THE BANKING INDUSTRY

CHAPTER ONE

INTRODUCTION

1.1       Background of the Study

1.2       Statement of the Problem

1.3       Purpose of the Study

1.4       Research Questions

1.5       Significance of the Study

1.6       Scope of the Study

1.7       Limitation of the Study

1.8       Definition of Terms

CHAPTER TWO

LITERATURE REVIEW

2.0       Introduction

2.1       Concept of Communication

2.2       Importance of Communication

2.3       Types of Communication

2.4       Barriers of Communication

2.5       Strategies of Minimizing Incidences of Communication Breakdown

2.6       Causes and Effects of Communication Breakdown

2.7       Summary of Chapter Two

CHAPTER THREE

RESEARCH METHODOLOGY

3.0       Introduction

3.1       Area of Study

3.2       Research design

3.3       Population of the study

3.4       Sample and Sampling Techniques

3.5       Instrument for data collection

3.6       Administration of the instrument

3.7       Methods of data analysis and presentation

CHAPTER FOUR

DATA ANALYSIS AND INTERPRETATION

4.0       Introduction

4.1       Data analysis

4.3       Major findings

4.4       Discussion of the findings

CHAPTER FIVE

SUMMARY, CONCLUDION AND RECOMMENDATION

5.0       Introduction

5.1       Summary

5.2       Conclusion

5.3       Recommendations

5.4       Area for Further Studies

References

                                                                                                                                                                                                                                                                                           


CHAPTER ONE

INTRODUCTION

1.1    Background of the Study

Banking Industries (organizations) cannot operate without communication. Communication is the life source of every industry, because industries involve people. People cannot interact with each other without communication. In the absence of communication, everything would grind to a halt.

According to James et’al (2009), communication is a means by which a thought is transferred from one person to another. It is also the process by which the person (group) share and impact information to another or group clearly understand by one person and another.

Velenguela (2002), opines communication as any act by which one person gives to or receives from another person’s information about that person’s needs, desire, perceptions, knowledge or effective states. Communication may be intentional or unintentional, may involve conventional or unconventional signals, may take linguistic or non-linguistic forms and may occur through spoken or other modes.

Wikipedia (2009) defines communication as a process of transferring information from one entity to another. Communication processes are sign mediated interactions between at least two agents which share a repertoire of signs and semiotic rules “Communication is commonly defined as the imparting or interchange of thoughts”, opinions, or information by speech, writing or signs”. Communication can be perceived as a two-way process in which there is an exchange and progression of thoughts, feelings or ideas towards a mutually accepted goal or direction.

He further explains communication as a process by which information is enclosed in a package and is distracted and imported by the sender to a receiver via a channel/medium. The receiver then decodes the message and gives the sender a feedback. Communication requires that all parties have an area of communication community.

According to Webster (2009), defines communication as an act or instance of transmitting information assign and convey meaning in an attempt to create and share understanding. This process requires a vast repertoire of skills in interpersonal processing, listening, observing, speaking, questioning, analyzing and cooperation occur.

Communication can take various forms, but all forms involve the transfer of information from one party to the other. In order for the transfer of information to be qualify as a communication, the recipient must understand the meaning of the information transferred. If the recipient does not understand the meaning of the information conveyed, communication has not taken place.

Workers in the Banking industry would not know the industry objectives, so they would not strive to achieve the industry objectives and also would not know what their roles and responsibility are; so they will not be able to carryout their jobs and would not be able to inform workers of changes. The industry would not be aware of the competitors’ activities and a lot of other things without communication.

Communication is one of the basic functions of management in any banking industry and its importance can hardly be overemphasized. It is a process of transmitting, information, ideas, thought, opinions and plans between various parts of the industry.

It is not possible to have human relation without communication. However, good and effective communication is required not only for good and successful business.

Effective Communication is required at various levels and for various aspects in the industry such as manager employee relations. Effective communication is of information and decision i.e. an essential component for management employees unless they are communicated effectively of what he wants to be done, he should also be sure of some basic facts such as how to communicate and what results can be expected from that communication. Most of management problems arise because of lack of effective communication. Chances of misunderstanding and misrepresentation can be minimized with proper communication system.

Ineffective communication can be caused by incomplete messages, individual difference. As human beings, each person is uniquely different from any other person. Therefore, people may interpret want differently, perceive realities differently, have variable opinions, attitudes and emotions towards people, things and events differently they may have different developmental experiences, intelligence, cultural and political beliefs, all of which may tend to affect the way they conceive or perceive a message.

An Industry: Is a group of productive organizations that produce or supply goods, service or sources of income.

Wikipedia (2009), sees industry from so many aspect such as:

-        Industry as a commercial production and sale of goods

-        As a specific branch of manufacture and trade.

The Banking Industry

Answer bag (2009) sees banking industry as a sector of an economy used to cover any form of economic activity, such as “Banking industry” and hence course a very broad sweep. More specifically, industry is divided into:

Primary Industry – The acquisition of naturally accruing resource like coal and fish.

Secondary Industry – The manufacturing of goods, tertiary industry which serves the public as well as primary and secondary industry includes distribution, transport, warehousing and retailing.

1.2    Statement of the Problem

In many industries there is frequent breakdown in communication especially in large industries.It has been identified that there is a breakdown in communication between manager and subordinates in the Banking Industry. Most subordinates in the Banking Industry do not seem to understand the messages communicated to them by their managers.

The managers in the banking industry always use ambiguous languages in communicating with their subordinates.

Banks are large organization and that makes it difficult for communication to flow around and there seems to be no cordial inter-relationship between the managers and subordinates.

1.3    Purpose of the Study

The general purpose of the study is to investigate the causes and effects of ineffective communication in the banking industry. Specifically, the purpose of the study are:

-        To find out the causes of communication breakdown between managers and subordinates.

-        To find out why subordinates fail to understand messages communicated to them by their managers and subordinates.

-        To find out why managers use ambiguous languages or words to communicate with their subordinates.

-        To find out the best way to communicate easily in the banking industry.

-        To establish cordial relationship between managers and subordinates.

1.4    Research Questions

1)      What are the causes of communication breakdown between managers and subordinates in the banking industry?

2)      Why do subordinates fail to understand messages communicated by managers?

3)      What are the effects of poor communication in the banking industry?

4)      What are the best ways to communicate easily within the banking industry?

5)      How can cordial relationship be established between managers and subordinates?

1.5    Significance of the Study

The research work will be very useful to the management of banks because communication in organization plays a vital role in enhancing productivity. And it also integrates the management functions in an organization.

Banking Industry Staff

The research work will be of benefit to banking staffs because; it will help them to contribute to the achievement of their organizational goals and objectives.

Banking Industry

The work will be of benefit to the banking industry because it brings about utilization, improvement and retention of the various organizational manpower.

Students

The study will benefit students on the knowledge of effective communication for academic use and for use in their prospective working places.

Future Researchers

This research will be of benefit to future researchers as a source of information for literature review (secondary data).

1.6    Scope of the Study

The researcher intends to cover concept of communication in industry, role of communication, types of communication, cause of communication breakdown, highlight the barriers to communication in banking industry with particular emphasis on strategies of how to minimize the incidences of communication breakdown in an industry.

1.7    Limitation of the Study

Normally, in carrying out any research work which involved information gathering from primary source (use of questionnaires, personal observation, interview etc). One is bound to face a lot of problems which limit the achievement of the objectives. Therefore, it becomes very difficult for one to cover the whole range of the problem due to the following reason:

1)      There is dearth of financial funds to carryout a comprehensive research.

2)      There is a problem of not having free access to some vital documents which will help to facilitate the research work as a result of confidential classification status.

3)      The study is limited by time. The time allocated for the collection of data from the industry to collide with the lecturer’s hours.

4)      It will be very difficult to be able to speak to the highly placed personalities in order to make enquiry.

1.8    Definition of Terms

Communication: Communication is defined as the process of exchanging messages between two parities with the aim of having such messages understood and appropriate action taken. In another way round, communication is the exchange of information verbally or written.

Information: They are processed data or result from logical manipulation of data which allows decision making.

Data:   They are those facts and figures about people, machines objectives and places etc, which are unprocessed.

Banking:      Is defined as a place where valuable things are kept for save custody.

Industry:      Industry is the combination of firms producing similar goods and services.

Superior:      Are referred to as those on the top ranking of the management i.e. the heads.

Subordinate:        Are referred to as those junior staff in an industry.

Sender:         Is referred to that person who initiates an idea shared with people.

Receiver:      Referred to that person receiving the message, encode it to understand it.

Encoding:    The process of transcribing the message into symbolic form e.g. through writing, picture and speech.

Repertoire:  The works known or regulatory performed by a performer or company.

Semiotic:      To do with meaning, the meaning of words.

CAUSES AND EFFECT OF INEFFECTIVE COMMUNICATION IN THE BANKING INDUSTRY

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Details

Type Project
Department Accounting
Project ID ACC1466
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 65 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Accounting
    Project ID ACC1466
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 65 Pages
    Format Microsoft Word

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