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Course Project Prop

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Submitted By adebanke
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MGMT 591: Leadership and Organizational Behavior
Project Proposal

Overview of Organization

The organization that will be the topic of discussion in my final project paper is DATLEX NIGERIA LIMITED. DATLEX is a publicly traded, global security company whose headquarters is in Lagos, Nigeria. We primarily sell security doors and cheque security products to banks and other financial institutions. In 2009, the Central Bank of Nigeria revoked the licenses of many microfinance banks and made it mandatory for commercial banks to have a minimum shareholder fund of 25million Naira. This reform affected many banks, some closed down operations while many had to merge in order to meet up. DATLEX went through a significant financial meltdown, as many of these banks are the company’s major clients. During this down turn, many workers were laid off and it affected the culture of DATLEX. It affected the income of the company and thus affected all the staff as a whole. DATLEX went from having a benefits package to having a NO benefits package. They used to have all types of employee incentives and appreciation activities. Employees usually get an official car after three years of service to the company. Now the employees are lucky if they get a chicken in the fall and a bag of rice at the Christmas holidays. Rewards for employees doing well are not there anymore.
With the downturn, DATLEX lost a lot of their highly skilled, highly valuable employees. DATLEX always strived to high the best hands but at the current time, the company is not willing to provide the salaries and benefits to get the best due to the financial crisis they are going through. In the last few years, the company has focused on cost cutting. Thus, almost everything that differentiated DATLEX from its counterparts in the security business has declined.
I was a Business Development Officer for DATLEX

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