The Effect of Organizational Renewal on the Performance of Lafarge Africa PLC

Morenike Abiola Ikotun, Sunday Ade Bello and Bose Mary Oyewusi
Additional contact information
Morenike Abiola Ikotun: Scholar, Department of Business Management, Northwest International University, Armenia.
Sunday Ade Bello: Visiting Professor, School of Business Management, Entrepreneurship and Leadership, Northwest International University, Armenia.
Bose Mary Oyewusi: Doctor and Faculty Member, Department of Business Management, Northwest International University, Armenia.

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 3030-3042

Abstract: This study focused on examining the effect of renewal on organizational performance in Lafarge Africa Plc, Sagamu, Ogun state, Nigeria. A descriptive survey research design was adopted to source data from respondents with the help of a well-structure questionnaire administered to the staff of Lafarge Africa Plc located at KM 64, Old Lagos-Ikorodu Road, Sagamu, Ogun State, Nigeria. Lafarge’s total staff strength was 254 employees. A sample size of one hundred participants was purposefully selected, although only ninety-seven were able to complete the questionnaire for this study. The study found that renewal has contributed positively (R2 = 0.446 and P =.000) to the organizational performance of the firm. Given the strong correlation between renewal and organizational performance, the study recommends that management should strongly encourage its personnel to possess highly competitive organizational cultures for the consistent implementation of organization renewal to achieve its strategic objectives.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... ssue-7/3030-3042.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... -lafarge-africa-plc/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:7:p:3030-3042

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().