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Impact of Business Environment on Organizational Performance in Nigeria- A Study of Union Bank of Nigeria

Gloria Obiageli Eruemegbe
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Gloria Obiageli Eruemegbe: Head of Flexcube Functional Support, Branch Operations Coordination, Union Bank of Nigeria Plc

Abstract of Economic, Finance and Management Outlook, 2015, vol. 4, 5

Abstract: The study seeks to unravel the factors that affect bank workers’ motivation and the corresponding effect of the identified motivational factors on workers’ performance and overall productivity. To answer research the research question, There is need to clearly spell out the relation that exist between an organisation and its business environment. The Paper is structured into different parts, starting with the Introduction, followed by the definition of the keywords, explains the nature of the business environment and its component parts, also discussed the importance of the business environment to an organization. Conceptual issues relating to this paper was deliberated upon. The study depended on resources from academic publications, reports and publications of government agencies and other stakeholders in the field of entrepreneurship in Nigeria and outside the country. The paper therefore argues in that the government is the vital organ that can lead to a beneficial business environment. The survey revealed that, among the top ten critical factors (i.e. teamwork, supervision based on leadership by example and provision of equipment) had great effect on motivation as well as impact on productivity. More so communication, love and belongingness, opportunity to undertake challenging task, identification with goal and overtime were among the critical factors.

Date: 2015
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