Change Management and Managerial Success of Deposit Money Banks in Anambra State, Nigeria

Abstract

The study investigates the relationship between change management and managerial success of deposit money banks in Anambra State, Nigeria. The study specifically examines the relationship between effective communication and profitability enhancement in deposit money banks in Anambra State. The study utilized a descriptive survey research design and collected data from respondents using a structured questionnaire. The data was analyzed using descriptive statistics including frequencies, percentages, and arithmetic mean. Hypotheses were tested using the Pearson Product Moment Correlation Coefficient with the assistance of the Statistical Package for Social Sciences (SPSS, version 27). The findings revealed the importance of fostering effective communication, continuous evaluation processes, and employee involvement initiatives within banks to enhance profitability, technological proficiency, and employee satisfaction, ultimately contributing to overall organizational success. Based on the findings the study recommends that banks need to recognize and invest in improving communication strategies which can result in increased profitability.