Internal Control Of Nigerian Banking Sector - 1323 Words

DISCUSSION This section of this chapter aims to interpret the findings and critically evaluate the study. This research indicates that internal control can prevent and detect fraud in Nigerian banking sectors. The first section of the findings contains the first objectives of this research which is to find out the employee knowledge based on the concept of fraud in banking sector. Therefore, According Biegelman, Martin T, (2013) said The penchant for extortion happens when three basic components meet up; intention, opportunity, and rationalization each of these components is fundamental and interrelated all together for a man to commit fraud and the nonappearance of any of them would not permit a man to commit fraud. Opportunity is the driving variable. Without circumstance, fraud plan can t succeed. Similarly, if a person s honesty is affected by pressure and justification, and opportunity presents itself, unless the individual has the ability to confer the extortion, the plan won t succeed (D ennis M. Lormel 2011). However, from the researchers’ findings having asked the staff at the bank there what they think fraud is, 50% of the respondent defined fraud as an illegal act of acquiring wealth, Aderibigbe (1999) and Onibudo (2007) also contributed to fraud immensely, these authors mentioned that one of the causes of fraud is because of inadequate compensation no increase in salary or fringe benefit given to staff, poverty and infidelity of employees fraud is bound toShow MoreRelatedImpact of Computer in Banking System in Nigeria2674 Words   |  11 Pagesin banking industries (Cache) (Images) (Similar) http://www.scribd.com/doc/14194263/the-impact-of-computer-services-in-banking-industries- The research has critically examined then influence of computer on modern banking system in Nigeria. The finding of this research has show that computer has ... The Role of Computer in Enhancing Banking (Cache) (Images) (Similar) http://www.scribd.com/doc/27530168/The-Role-of-Computer-in-Enhancing-Banking However the use of computer in banking sector canRead MoreProblems, Solutions and Prospects for the Development and Progress of the Banking Industry in Nigeria1209 Words   |  5 PagesUSENI YUSUF ONWUDE MBF/ADMIN/0483/2009-2010 [pic][pic]INTRODUCTION SOLUDO.C (2004: 4) The Nigerian banking system has undergone remarkable changes over the years, in terms of the number of institutions, ownership structure, as well as depth and breadth of operations. These changes have been influenced largely by challenges posed by deregulation of the financial sector, globalization of operations, technological innovations and adoption of supervisory and prudential requirementsRead MoreEssay On Corporate Governance1029 Words   |  5 PagesThis was adhered to by a comparable code by the Central Bank of Nigeria in 2000 (CBN, 2006) to deal with corporate governance practices in Nigerian financial institutions. Nevertheless, lessons from the corporate collapses and also losses in the last couple of years with respect relative to banks like Intercontinental Bank Plc, Bank PHB Plc, Societe General Bank, Afri-Bank Plc as well as Oceanic Bank Plc have actually highlighted the function, corporate governance techniques could play in ke epingRead MoreImpact of Mergers, Acquisitions and Internal Growth on Organisations3189 Words   |  13 PagesIn this report I will be examining Mergers and Acquisitions, Internal Growth and the impact they have on organisations. The impact of mergers and acquisitions on organizations has seen a change in the way mergers were conducted in prior years before legislators put a stop on some companies that were merging due to change in the economy, technology and for a change in management of the firm. The reasons organsations are acquiring other companies are for dubious or sensible reasons that can be beneficialRead MoreAdoption of Information and Communication Technology (Ict) in the Banking Sector: Success or Failure?5916 Words   |  24 PagesADOPTION OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) IN THE BANKING SECTOR: SUCCESS OR FAILURE? Ukeh, Moses Ichongo Superlife Consulting, Makurdi 2013 Abstract Nigerian banking industry has become highly ICT-based and is reaping the benefits of technological revolution as evidenced by its application in most of its operations. The objective of this paper was to determine if the Nigerian banks have failed or succeeded in the adoption and use of ICT (see table 2.1). An evaluation ofRead MoreBusiness Model For Information Security Essay1681 Words   |  7 Pagessecurity. In the creation of this culture the following are instituted: alignment of information security with business objectives where security controls used must be practical and provide real and measurable risk reduction; risk based approach where the information security managers understand the institution and are able to select appropriate controls to mitigate potential threats and risks effectively; balance among organization, people, process and technology where there is organizational supportRead MorePest Analysis of Nigeria Essay3452 Words   |  14 PagesAnalysis of the Ni gerian Business Environment SWOT Analysis of the Nigerian Business Environment Customer Inserts His/her Name University Name SWOT Analysis of the Nigerian Business Environment 1 Contents Business Environment of Nigeria †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...4 SWOT Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 Conclusion †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦16 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17 SWOT Analysis of the Nigerian Business Environment 2 SWOT Analysis of Nigerian Business EnvironmentRead MoreFraud as a Negative Catalyst in the Nigerian Banking Industry5170 Words   |  21 PagesEmerging Trends in Economics and Management Sciences (JETEMS) 2(5):357-363 (ISSN:2141-7024) Fraud as a Negative Catalyst in the Nigerian Banking Industry Akindele R.I Department of Management and accounting Obafemi Awolowo University, Ile Ife, Nigeria ___________________________________________________________________________ Abstract Fraud in the Nigerian Banking Industry before the recent merger and acquisition and recapitalisation efforts was at alarming rate. It has caused many banks to collapseRead MoreThe Section Discuss Of The Internationalisation Process5005 Words   |  21 Pagesa pioneer and one of the largest ICT firms in Nigerian (b) Delta is one of the few Nigerian firms with subsidiary in East Africa (c) Delta is the most capitalised ICT firms in Sub-Saharan Africa (c) the firm has subsidiaries in 3 countries and operations in several countries across Africa (d) the firm is an example of how a business business can envolve from been a local firms to internationalise (e) Delta is in a emerging sector of the Nigerian econony as could create a base for extending internationalisationRead MoreTraining and Development: Nigerian Banking Industry8775 Words   |  35 PagesTraining And Development: Nigerian Banking Industry Contents List of Figures 4 Abstract 5 Chapter 1- Introduction 6 Research Objectives 6 Structure of the work 6 Chapter 2: Literature Review 8 Theories of Training and Development 8 Definition of Training and Development 10 Usage of Training in Different Organizations And Different Sectors 10 Frameworks and Models for Training 11 Training Need Analysis 12 Training Design Model 13 Training Implementation 14 Evaluation

The Art of Persuassion and Speeches Essay - 1089 Words

Hundreds and thousands of people were affected by the famous speech made by Martin Luther King Jr. This speech was titled â€Å"I Have A Dream†. (Martin Luther King Jr.) It takes much skill to make this type of impact on this many people. But Martin Luther King Jr. was not the only person capable of persuading a crowd. In the book â€Å"Animal Farm†. (George Orwell) Squealer and Napoleon persuaded the whole farm to be part of a series of malicious activities. In speeches created and presented by Malcolm X you will find similar manipulation and persuasion tactics to have been used. History has been filled with people who practice to master the intricate art of persuasion. The art of persuasion is a skill that not everyone has, however,the â€Å"I Have A†¦show more content†¦is trying to say how the country has what they need to be equal but they choose to not be. In this quote Martin Luther King uses a persuasion topic knows as affiliation. He affiliates what h e wants with what the people can give. When he says â€Å"....to live out the true meaning of its creed† (Martin Luther King Jr.) this shows that he has faith in the people to do the right thing regardless of the path they are currently on. It is like if somebody out right told you to change verses if they said they believed in you to do the right thing. He also mentions how all men are not equal and this is the biggest concern of the speech. In attempt to sway the listeners thoughts and emotions to those of his liking he uses hopes and beliefs. One example is when he mentions that he hopes his kids will live to see a time of no segregation. He also believes America will come together to produce a unified country. The speeches made by Martin Luther King Jr. and Squealer are considered to be very similar. One of the tactics that they both used was body motions. Martin Luther King waved his hands and Napoleon shook his tail back and forth. As you can see today his efforts at a unified country and a segregated less country have paid off. The next speech was created by Malcolm Little also known as Malcolm X. It was presented on April 12,1964 in Detroit . This speech was given by one of the most influentialShow MoreRelatedThe Media Helps to Construct National Identity and Loyal National Subjects. Discuss.3186 Words   |  13 Pagesand symbols can be perceived as a strategy of engagement where Singaporeans, especially the politically less-informed, would be incited to participate by internalizing the sights and sounds of ‘nationhood’.( Ministry of Information Communication and Arts, 2000) National Rally Thirdly, the National Day Rally would be held after the National Day parade and when all the hype has die down. The media is then used to rationalize the rule of the party and often provide additional benefits for Singaporeans

Change Management Of Coca-Cola Company †Free Samples

Question: Discuss about the Change Management Of Coca-Cola Company. Answer: Introduction The Coca-Cola Company is the world's number one maker of soft drinks, selling 1.3 billion beverage servings every day. Coca-Cola's red and white trademark is probably the best-known brand symbol in the world. Headquartered since its founding in Atlanta, Coca-Cola makes four of the top five soft drinks in the world, Coca-Cola at number one and Diet Coke, Fanta, and Sprite at numbers three through five. The company also operates one of the world's most pervasive distribution systems, offering it's nearly 400 beverage products in more than 200 countries worldwide. Among the company's products are a variety of carbonated beverages (including the aforementioned brands and many others, such as Fresca, Barq's, and Cherry and Vanilla Coke); sports drinks (Powerade and Aquarius); juices and juice drinks (Minute Maid, Fruitopia, Hi-C, Five Alive, Qoo, Maaza, and Bibo); teas (Sokenbicha and Marocha); coffees (Georgia); and bottled waters (Ciel, Dasani, and Bonaqua). Moreover, the company holds the rights to the Schweppes, Canada Dry, Dr. Pepper, and Crush brands outside of North America, Europe, and Australia (Referenceforbusiness.com, 2017).Change management plan developed byproject management team for implementation of new administration system. The plan aims to provide a framework for managing and coordinating communication across all departments. These plans identify goals and strategies for goals implementation. The person to ensure to change implementation is implemented successfully. The objectives that the project will achieve upon implementing the new change. The constraint for change management. Analysis of stalk holder response to change. Assessment of the readiness of change by the organization. The organization wants to change to adopt new administration system to help it achieve its target. The organization needs to change and adopt dynamic survival strategies to stay alive in uncertain political economic and social environment.Its human nature to resist cha nge and to implement change inmanagement strategies for managing resistance. Project sponsor. Sponsor is the person who oversees the entire change management initiative (Brighthub Project Management, 2017) .The sponsor is the figurehead of the project .for a project to achieve its anticipated benefits, real change can only be affected by proactive sponsor. Too often sponsors believe that their role is limited to securing project funds or attending a kick-off meeting. Effective sponsorship requires more than that: Active involvement and support throughout the change management effort are critical elements for success (Change Champions Consulting, 2017). Educate sponsor on his/her role in the change management project. Sponsorship is not limited to securing resources. It also includes active communication about the change, support for key decisions and removal of roadblocks, andmost importantly. Project objectives The following objectives can be achieved through implementation of new administration system: To improve profitability and return on overall investment To rapidly respond to the customers' demands To increase the employee performance To respond to the rapidly changing environment To improve the overall performance of the company To improve the effectiveness and efficiency To create the best practices inside the organization and setting standards for the industry Change management is needed for organizational survival. So the company should adapt to change management techniques to maintain its worth in the industry. Change elements Three important elements of organizational change are Thinking: How people understand the organization and their ability to learn. How well ideas (management concepts) are tailored to meet the organization's needs, and how well managers communicate them (Anon, 2017). Behavior: How people react to change, how it is discussed and the attitudes that exist related to the proposed change. Infrastructure: The physical environment in which the change takes place, including technology, procedures, organizational structure and the various systems that are of relevance to the work (Anon, 2017) Change in the structure is maintaining the span of control, specifying different work roles, redesigning job scenarios, etc. Change in technology could be an introduction to new innovative methods for improving the product's quality launched by the organization. While the change in people is to bring about alterations in the way people think and act. It means to modify their behavior towards the betterment of organization (Google Books, 2017). Employee engagement The recent change management at coca cola is directed towards the intrinsic values and motivations of the employees and can be referred to as 'employee engagement.' The change management process, together with internal branding programs is expected to bring about ideal behaviors in employees, which would align the operations of coca cola worldwide, and bring about efficiency throughout coca cola across all its business segments. Coca-Cola hopes to bring about a thoroughly integrated system of communications, and focus on creating brand relationships with their employees. This would enhance the operations of Coca-cola, as an integrated approach would mean all employees believe in engaging fully in the values, and this would become an inherent part of the employees at a personal level. Coca-cola is actively seeking to incorporate the change into its company for "building capability in engagement, maintaining engagement momentum and ensuring that engagement is integrated into CCR's people practices" (Samdahl,2011). For this purpose, employee engagement surveys are conducted twice every year for all the coca cola associates, which serve to highlight the areas where the action is required, and further actions and implementations can henceforth be executed. Coca-cola believes that their business results hinge on the dedication of their employees to operational excellence. The company truly recognizes the importance of the people to the business, and knows that to continue to bring about tremendous results it is bringing in, employees throughout the world should believe in the values intrinsically, and therefore the employee engagement is being focused on all the countries the company serves to align, thoroughly integrate and align the company so that operational efficiency can be achieved. Barriers to change management: Lack of Employee Involvement This is perhaps the most common barrier to change management. Employees always have a fear of change, and unless they are involved in the change process, it is highly likely that even the most loyal member of your employees will resist the change. The biggest mistake some organizations make is a failure to involve employees in the change process. Lack of Effective Communication Strategy Some organizations have no effective communication strategy. In fact, some top leaders always assume that once they announce the change, people will adjust and be ready to get started with the new development. Unknown Current State Change is always difficult for organizations that lack the idea of their current state. Trying to introduce and implement change without conducting an assessment and understanding the current blueprint of the organization is a common habit by many entities. Organization Complexity There comes a time when organizations begin to develop complex processes, making the process of planning and implementing change a bit more complex. The complexities include complex processes, products, and systems, all which contribute to change barriers because they are often quite difficult for the members of the organization to understand. Key stakeholders analysis Coca-Cola Company can use two change management tools to make sure that all people who are required to be the part of change management process. These tools are Force Field analysis and AKADAR model. Force field analysis is a technique developed by Kurt Lewin to scrutinize the forces that are causing an opposition to change process ((Change Management Coach, 2017). By doing Force Field Analysis, Coca-Cola Company will be able to induct people who are in need of appropriate training. Another useful tool is AKADAR model which stands for Awareness, Desire, Knowledge, Ability, and Reinforcement. Through AKDAR model, firm creates awareness about the need of change, generate desire in the people to help in transitioning process, give knowledge to the people that how they can help the change process, and develop an ability in the people to go through the change and provide them with continuous reinforcement to withstand the change). Conclusion To conclude, it may be said that communication can be a key element to successful change management. Communicate the changes to the employees; tell them why the change was inevitable and how they will benefit from the change. The management should itself adopt a positive attitude towards the change so that employees can follow their lead and welcome the change. Coca-cola as a company has a heritage of embracing change rather than resist it, and it should translate into their future endeavors towards change management to ensure that the organization is best poised to market under all sorts of environmental conditions References Anon, (2017). [online] Available at: https://www.researchgate.net/post/What_elements_are_most_important_for_organizational_change [Accessed 21 Nov. 2017]. Anon, (2017). [online] Available at: https://ttps://www.prosci.com/change-management/thought-leadership-library/change-management-process [Accessed 21 Nov. 2017]. Anon, (2017). [online] Available at: https://telematics.tomtom.com/en_gb/webfleet/blog/risks-associated-with-change/ [Accessed 21 Nov. 2017]. Anon, (2017). [online] Available at: https://www.linkedin.com/pulse/5-barriers-change-management-how-easily-overcome-them-smith/ [Accessed 21 Nov. 2017]. Brighthub Project Management. (2017). The Role of the Sponsor In Bringing Change to a Project. [online] Available at: https://www.brighthubpm.com/change-management/39144-sponsoring-a-change-management-initiative/ [Accessed 21 Nov. 2017]. Change Champions Consulting. (2017). Change Management: Executive Sponsorship. [online] Available at: https://changechampionsconsulting.com/change-management/executive-sponsorship-key-element-success-change-management/ [Accessed 21 Nov. 2017]. Change Management Coach. (2017). Lewin's Force Field Analysis Explained. [online] Available at: https://www.change-management-coach.com/force-field-analysis.html [Accessed 21 Nov. 2017]. Extension.harvard.edu. (2017). What Could Go Wrong? How to Manage Risk for Successful Change Initiatives | Harvard Professional Development | Harvard DCE. [online] Available at: https://www.extension.harvard.edu/professional-development/blog/what-could-go-wrong-how-manage-risk-successful-change-initiatives [Accessed 21 Nov. 2017]. Google Books. (2017). Organizational Immunity to Corruption. [online] Available at: https://books.google.co.ke/books?id=5_wnDwAAQBAJpg=PA45lpg=PA45dq=It+means+to+modify+their+behavior+towards+the+betterment+of+organizationsource=blots=x2vz2j1d_Jsig=83vvRv87NylVxD5qN0f77WuHwr8hl=ensa=Xved=0ahUKEwjWxZDTpdDXAhWC1hQKHRWQBpEQ6AEIRTAF#v=onepageq=It%20means%20to%20modify%20their%20behavior%20towards%20the%20betterment%20of%20organizationf=false [Accessed 21 Nov. 2017]. Referenceforbusiness.com. (2017). The Coca-Cola Company - Company Profile, Information, Business Description, History, Background Information on The Coca-Cola Company. [online] Available at: https://www.referenceforbusiness.com/history2/32/The-Coca-Cola-Company.html [Accessed 21 Nov. 2017]. Smartsheet. (2017). 8 Elements of an Effective Change Management Process. [online] Available at: https://www.smartsheet.com/8-elements-effective-change-management-process [Accessed 21 Nov. 2017]. Thomas, M. and profile, V. (2017). Elements of a Change Management Plan. [online] Processchange.blogspot.co.ke. Available at: https://processchange.blogspot.co.ke/2010/07/elements-of-change-management-plan.html [Accessed 21 Nov. 2017]