Locus of Control Influence the Managerial Effectiveness of Branch Managers in Private Sector Banks

Abstract

The researcher tries to find out the relationship between managerial effectiveness and locus of control of branch managers of private sector banks (HDFC, ICICI, AXIS and Bandhan Banks) in the district of Kolkata, West Bengal. The sample consists of 124 branch managers. Stratified random sampling method is used. The data collected through standard structure questionnaire named as “Managerial Effectiveness Scale” developed by Prof. S. Gupta (1996) and “Locus of Control Scale” developed by Julian Rotter (1966) was administered. The four hypotheses formulated in the study are tested using appropriate statistical tests like Mean, S. D., ‘t’ test, ANOVA, correlation and regression analysis to assess the managerial effectiveness of branch managers of private sector banks in relation to locus of control. The results revealed that there is no significance mean difference within the branch managers of private sector banks. The result exhibits that male and female branch managers are statistically equally effective. The result expresses that managerial effectiveness is positively correlated with the locus of control and internally controlled branch managers are not statistically significant with externally controlled branch managers. The result concludes that locus of control is a significant predictor of managerial effectiveness of branch managers in private sector banks.