Diversification

. 1.1 INTRODUCTION Oceanic Bank International Plc is one of Nigerias foremost financial processs institutions. It is currently listed in the Nigerian seam Exchange at =N=1.60 per unit of measurement share. Oceanic coast serves customers across all sectors of the economy, government, corporate organisations, small and medium enterprises and individuals, done asset management, commercial margeing, health management, insurance, investment bank buildinging, pensions, registrar services, nest egg and loans and have over 370 business offices all over Nigeria and console plans to open more I am to re grammatical construction oceanic bank from its traditional organisational structure which is very Hierarchal in structure and very centralized, which has caused the company a lot in its service to customers. For example the company had linear reporting lines and the lowest continuously waiting for the next in line superior to fetch decisions, foundation garment, motivation is privationing in this company. 1.12 PROBLEMS ENCOUNTERED BY THESE TRADITIONAL organizational MODELS 1. LOW TURNAROUND TIME: Customers suffer from getting revolutionize service delivery because all transactions from the operation unit to marketing units of the bank always needed one or two approval lines before a transaction bottom of the inning fly. The organisational clock speed is very slow.

I intend to bring formal structures processes and roles to make the staffs act quickly and independently. 2. There is lack of proper structural divergence among the various business units of the bank, the bank seem more focussed on managing and building up cash deposits. The other business units like the insurance, assets management etc became separate hereby making them to suffer extensively. 3. Due to centralized genius of the organisation, there is lack of organisational modularity in the bank. The staff lack innovation in modular activities, Herbert Simon (1962) emphasised that modular design of products as a strategy for coping with complexity. 4. Distribution channels of... If you involve to get a full essay, order it on our website: Ordercustompaper.com

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