Strategic Management and Organizational Performance a Survey of Selected Manufacturing Firms in Nigeria

Emmanuel Ewomazino Okerenu and V.I.O. Odiri
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Emmanuel Ewomazino Okerenu: PhD Student, Department of Business Administration, Faculty of Management Sciences, Delta State University, Abraka
V.I.O. Odiri: Department of Business Administration, Faculty of Management Sciences, Delta State University, Abraka

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 14, 260-275

Abstract: Extant literature has shown that strategic management influence the performance of organizations; however, studies are yet to show whether strategic management will affect the performance of manufacturing firms in Delta State, Nigeria. Consequently, this study assessed the relationship between strategic management and organizational performance of six (6) selected manufacturing firms in Delta State, Nigeria. The survey research design and questionnaire were employed and data obtained from the study were analyzed using both descriptive and inferential statistical tools. The simple regression result revealed that strategic management (strategy objective: df=1, 67, f-ratio = 19.6; strategy formulation: df=1, 67, f-ratio=12.4; strategy implementation: df=1, 67, f-ratio=17.1; and strategy evaluation: df=1, 67, f-ratio=22.4) had significant positive effect on organizational performance. On the basis of the findings, it was recommended that management should strive towards developing efficient strategies aimed at enhancing organizational performance. Also, there is the need for management of manufacturing firms to engage in proactive measures aimed at formulating, implementing and evaluating strategies that can help in improving organizational performance.

Date: 2024
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