5 Management Skills That Can Improve The Productivity Of A Banking Officer

Management is no doubt a broad discipline. Every aspects of it cannot be thoroughly dealt with in lecture of two hours. Therefore, conscious effort has been made to pick on the most relevant parts to a bank officer. The following elements are to be considered:

1. Forecasting and Planning

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There is the need for bank officers to forecast and plan if they must make a success of the bank. Whereas forecasting is simply a peep or a gaze into the future, planning means making decisions on what proper course of action to be followed. It starts from simple, individual brain contortion to more complex organization ones. For example, as you are relaxing at home, you suddenly start thinking on what job is waiting for you in the office for the next year. What are the consequences on me if I wake late and miss the staff bus. What should I do to earn a promotion this year?

2. Organizing

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Organising is another important element of management. It is concerned with the division of work into sections and departments and with the allocation of responsibilities, authority and duties to all members of the concern.

Organising a concern could take a number of forms like line or vertical arrangement, functional or Lateral arrangement, line and staff arrangement or the committee type.

3. Control and Coordination

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This is another important elements of management. Control is simply the continuous follow-up to ensure that policies are implemented and properly interpreted. Control is also the guiding and regulating of a business in order that it achieves its objectives.

Whereas coordination means the unification of efforts and the task activities of all members of a concern with the aim of achieving common objectives by following common policies. The need to review activities of organisation members becomes more paramount when we consider the degree of specialization that has permeated the business world today.

4. Purchasing Power

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In running an organisation, the important components are human component, capital component, machine component and material component. The last two components are necessarily purchase. Some organisations may organise their purchases centrally. In that case, there will be a purchasing department manned by a Purchasing Officer. In some, it may be decentralised in which case, each department takes care of its purchases.

If you agree that we cannot operate successfully in Organisations without machines and materials which must of necessity be purchased, then purchasing is an important element of management.

5. Advertising and Publicity

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Publicity is generation of awareness in members of the public and this includes advertising which is the issuing of propaganda to persuade the public to buy the product or service advertised.

(i)It attracts the attention of consumers.

(ii)It evokes customers interest

(iii)It inspires their confidence in the product or service.

(iv)It creates the desire to buy the advertised good or service immediately.

When we remember that creating banking awareness in the rural dwellers and mobilising fund from them is the goal of Community Bank, then advertising and publicity cannot be anything but important element of bank management.

6. Maintenance

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This is another important element of management. As said earlier, machine is an important component in the organisational impute. Maintenance of machine means the giving of attention to all those things which help it to run smoothly, prevent its wearing out, and prevent its breaking down.

To show that maintenance is an important element of management. Let us take a look at the importance of maintenance.

(i)Maintenance minimizes the possibility of break down thereby reducing production cost.

(ii)It ensures that the life-span of a machine is attained.

(iii)Operating costs is reduced as major repairs are avoided.

(iv)It ensures qualitative production.

7. Research and Development

No business concern can afford to be static in the competitive business world. If the CB remains static, then it may be swallowed by the othordox banks.

Research is simple “organized curiosity” that uncovers new techniques, ideas or systems, Development on the other hand is the practical application of the result of research. Therefore they are elements of management that cannot be ignored.