Background of the Study
Leadership development programs (LDPs) are designed to enhance the skills, competencies, and effectiveness of current and future leaders within organizations. Effective leadership is a cornerstone of corporate performance, driving innovation, employee engagement, and strategic execution (Goleman et al., 2024). For financial institutions like Zenith Bank, leadership development is particularly critical given the industry’s reliance on dynamic decision-making and customer-centric strategies.
Kaduna State, a key economic hub in northern Nigeria, provides a fertile ground for studying the impact of LDPs on corporate performance. Zenith Bank’s commitment to leadership development has been instrumental in maintaining its competitive edge. However, the effectiveness of these programs in improving organizational outcomes remains an area of concern, particularly in the face of economic and regulatory challenges (Onu & Adeyemi, 2023).
This study critically analyzes the relationship between leadership development programs and corporate performance, using Zenith Bank’s Kaduna State operations as a case study.
Statement of the Problem
Despite significant investments in leadership development programs, many organizations struggle to quantify their impact on corporate performance. Zenith Bank, known for its robust leadership initiatives, faces challenges in ensuring that these programs translate into measurable performance improvements. Issues such as inadequate follow-up mechanisms, lack of contextual relevance, and resistance to leadership innovations have been reported (Abiola & Eze, 2024).
In Kaduna State, the interplay between leadership development and organizational performance is further complicated by regional socioeconomic factors. This study aims to critically assess how LDPs influence corporate performance and identify gaps in their implementation at Zenith Bank.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
The study focuses on Zenith Bank’s Kaduna State operations, examining the impact of leadership development programs on corporate performance. Limitations include access to program evaluation data, regional differences in program implementation, and potential respondent bias.
Definitions of Terms
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