International Journal of Innovative Research and Development

Abstract

The broad objective of the study was to examine the effect of corporate visioning on organisational transformation in selected deposit money banks in Enugu State, Nigeria.The study adopted descriptive survey research design. Population of the study was 1043 staff of the selected deposit money banks; out of which a sample size of 281 staff were determined using Krejcie and Morgan statistical formulae.A total of 281 copies of the questionnaire were distributed, out of which 231 copies were correctly filled and returned; thus, 231 copies (respondents) were used for the study.  Primary data were collected through structured questionnaire while secondary data were sourced from journals, books and internet. The primary instrument for data collection was designed on a 5-point Likert scale in line with the objectives of the study. The hypotheses were tested using simple linear regression analyses at 5% probability level of significance. Findings revealed that: Shared vision significantly affects organisational competitive advantage of deposit money banks positively; Visionary leadership has a significant positive effect on operations of deposit money banks and Vision statement significantly improves organisational commitment to long term survival in the Deposit money banks. The study concluded that corporate visioning has a significant relationship and effect on organisational transformation. The study recommended that deposit money banks should adequately share their visions to their employees, have clear vision statement and install visionary leaders who consistently improve their operations and achieve competitive advantage in the market place.

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