1.0 Introduction
1.1 Background of the Study
The world has become a global village and as such communication has become so fast efficient that one can communicate across the globe in a matter of seconds. This development in the communication industry, has made possible by the advent of computer, information and communication technology.
Technology in the 21st century is dominated. Today's technological advances are faster and more fundamental, with their cost decreasing rapidly. It covers all forms of computer and communications equipment and software used to create, design, store, transmit, interpret and manipulate information in its various formats. Personal computers, laptops, television and network technologies are just some examples of the diverse array of ICT tools.
Information and communication technology is a general term that describes the process of creating, modifying, storage, transmission of information, between humans and machines alike globally, using several different electronic technologies to achieve an outcome. Organizations use information technology heavily to automate their work, making it easier and quicker to achieve their goals. Every business organization always wishes to attain a target profit a success. The attainment of the success depends largely on the adoption and management of information and communication technology in the marketing of goods and services. Modern day business literally abounds in several examples of organization and individual in different part of the world who made fortunes by seizing opportunities engendered by technological changes.
Less sighted organization operation on the same technological environment lost their fortune and in some a result of their inability to anticipate and adopt strategies that would match change brought about by technology. As a result of opportunities created by technological changes, information and communication technology in particular, forward looking organization such as banking industry have adopted different marketing strategies aimed at achieving organization objectives.
Business operates in a world of technologies and gulping changes which create new problems, risks and opportunities which they mobilize resources to meet such changes and tap the opportunities presented for the overall success of the organization objectives, marketing strategy which will enable the business to continually adopt its operation to the realities of the market and consumers satisfaction in particulars, which is the corner stone of organizational growth.
Inadequate information flow in organization also affects organizational growth.A change in technology in banking industry also affects organizational productivity because the employers and employee need special training on the job.
1.2 Statement of the Study
Before the advent of technology, the tasks in most organizations have been performed manually. This involves the use of excessive human labour to perform them. The problem here was not whether these organizations achieved their goals with a specific period. The essences of these organizations to make profit for the owners within a period of time the adverts of the technologies are believed to give added impetus to organizational productivity. The question is whether the introduction of ICT to most organization has added significantly to the overall growth of these organizations. Specifically the study will identify the introduction of Information and Communication Technology as a tool for Organizational Growth in First Bank Plc Ekwulobia in Anambra State.
1.3 Purpose of the Study
The main purpose of this study is to identify Information and Communication Technology as tool for Organizational Growth in First Bank plc Ekwulobia in Anambra State specifically the study will;
- Identify the place of ICT in the overall growth in First Bank Plc Ekwulobia in Anambra State.
- Identify the shortcomings of ICT as a tool for organizational growth in First Bank Plc Ekwulobia in Anambra State.
- Identify the use of ICT as a tool for Organizational Growth in First Bank Plc Ekwulobia in Anambra State.
1.4 Research Question
The following research questions have been asked as a guideline to the study;
- What are the places of ICT in the overall growth in First Bank Plc Ekwulobia in Anambra State?
- What are the shortcomings of ICT as a tool for Organizational Growth in First Bank Plc Ekwulobia in Anambra State?
- What are the uses of ICT as a tool for Organizational Growth in First Bank Plc Ekwulobia in Anambra State?
1.5 Significance of the Study
The study will be beneficial to First Bank Plc Ekwulobia in Anambra State as a means of companion between what is used to be before ICT in foundation and now.
It will also help First Bank Plc Ekwulobia in Anambra State workers to embrace the new technology by way of further training.
First Bank Plc Ekwulobia in Anambra State will benefit through quick and accurate job performance through the introduction.
1.6 Scope of the Study
This study is delimited to information and communication technology as a tool for organizational Growth in First Bank Plc Ekwulobia in Anambra State.
1.7 Definition of Terms
Bank:
A financial establishment that invests money deposited by customer, pays it out when required, makes loans at interest and exchanges currency.
Technology:
The application of scientific knowledge for practical purpose, especially in industries.
Organization:
A social unit of people that structures and managed to meet a need or to pursue collective goals especially in society or association.
Information:
Knowledge communicated or received concerning a particular fact or circumstances or knowledge gained through study, communication, research and instructions e.t.c.
Communication:
The impacting or interchange of thoughts, opinions or information by speech, writing or signs.
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