Functional Policy Implementation and the Growth of Deposit Money Banks in Port Harcourt, Nigeria, OSHO, Adesina A., International Journal of Management and Commerce Innovations, ISSN 2348-7585 (Online), Research Publish Journals
Abstract: The study examined the relationship between functional policy implementation and the growth of deposit money banks in port Harcourt Rivers State, Nigeria. The study design is a survey/cross-sectional. The basic research instrument was the questionnaire. The population of study comprises of all the 21 deposit money banks operating in port Harcourt as at December, 2018. Banks growth was measured via increase number of staff and revenue generation of the banks. Pearson Product moment Correlation analysis (PPMC) was used to determine the extent of the relationship between the two variables of study with the aid if the statistical packages for social sciences (SPSS0 version 20. The findings of the tested hypothesis indicated that there is a low negative relationship between Functional Policy Implementation and growth of the Deposit Money Banks in Port Harcourt. Deriving from the findings, the researcher recommend among others that Banks should focus and align their executive teams, business unit, human resources, information technology, and financial resources to their organization’s strategy. To achieve best result (growth) banks should capitalize on capabilities and assets-tangible and intangible- that existed already within their organizations and that Banks tangible assets such as skilled, motivated employees and customer information systems should be transformed into tangible outcomes such as customer retention, revenues from new product and services, and ultimately profit and that Banks should make sure that all employees understand the strategy and conduct their day to day business in a way that contributes to the success of the chosen strategy.
Keywords: Strategy Implementation, Functional policy Implementation, Bank’s Growth, Resource Deployment, Functional Strategies.
Title: Functional Policy Implementation and the Growth of Deposit Money Banks in Port Harcourt, Nigeria
Author: OSHO, Adesina A.
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
