ATTENTION:
BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
WHATSAPP US ON 08137701720
CAUSES AND EFFECT OF INEFFECTIVE COMMUNICATION IN THE BANKING INDUSTRY
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.
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420