Effect of Structure and Strategy on Organizational Performance: Case Study of Remou Oil Nig (original) (raw)
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Effect of Structure and Strategy on Organizational Performance: Case Study of Remou Oil Nig. Ltd
American Journal of Environmental and Resource Economics, 2019
Abstract: The term strategy and structure is said to be a result of decision making by managers through analysing the firm’s performance, market, segmenting the market, selecting the market, positioning themselves and using resources to implement the process. The paper seeks to examine the effects of strategy and structure on organizational performance using exploratory analysis of data of Remou Oil Nig. Ltd with an interview with management staff. The population is 50 and sample size is based on purposive sampling which are 10. It is discovered that strategy and structure are interdependent variables that firms must always consider when introducing new action or plan. It was also found that there is a positive relationship between structure and strategy that determine firm’s performance in terms of net profit. Therefore, if a firm’s structure change, strategies will also changes with changing demand and that structure affects strategy and the two variables determine the performance of a firm if properly matched and monitored. The recommendation is that: Remou Oil Nigeria Limited should use both structure and strategy as a source of increasing organizational performance in terms of profit since positive relationship exists between line structure and product differentiation strategy in Remou Oil Nig. Ltd. They should try to combine these variables together to enhance returns in terms of investment, equity, asset and net profit. Keywords: Structure, Strategy, Organization and Performance
Effect of Company Strategies on Organisational Performance in Nigerian Construction Industry
Journal of Engineering Research and Reports
Changes in the environment such as customers’ preferences and choices has put the companies on toes with each firm fighting for its survival and all is based on strategies choice and their implementation. Thus, Nigerian construction companies have to adopt and apply appropriate strategies to be more competitive in this industry and get success in their businesses. Hence, the aim of this study was to investigate the effect of company strategies on organisational performance in Nigerian construction industry. The conceptual framework was provided to give a guideline on how both independent and dependent variables will interact in other to get the impact of companies’ strategies on performance. Primary data with the aid of a structured questionnaire was used to elicit information from respondents. The data collected were analysed using both descriptive such as percentages and mean and inferential statistics of regression analysis was used to test the hypotheses. The findings revealed t...
Impact of structure on organisational performance of selected technical and service firms in Nigeria
Corporate Ownership and Control, 2015
The study aimed at establishing the impact of structure on organizational performance. Organizations today are becoming more automated and complex, hence, the need to maintain and improve performance by structuring and restructuring based on changing strategy. The study was conducted using the survey approach. The geographical scope of study was Innoson Nigeria Ltd, and Etisalat, Enugu Regional Office. Two sources of data were utilised in the study: they included primary and secondary sources. The primary source was the administration of copies of designed questionnaire to a total of eighty (80) respondents that made up the sample for the study. Out of the eighty (80) copies administered, seventy eight (78) were completed and returned. Simple percentage (%), chi-square (*a) and correlation were used in analysis of the data and in testing the three hypotheses. Findings revealed that decentralization enhanced better and more informed decision making in technical and service firms in N...
Effect of Company Strategies on Organisational Performance in the Nigerian Construction Industry
Journal of Engineering Research and Reports, 2020
Changes in the environment such as customers' preferences and choices has put the companies on toes with each firm fighting for its survival and all is based on strategies choice and their implementation. Thus, Nigerian construction companies have to adopt and apply appropriate strategies to be more competitive in this industry and get success in their businesses. Hence, the aim of this study was to investigate the effect of company strategies on organisational performance in Nigerian construction industry. The conceptual framework was provided to give a guideline on how both independent and dependent variables will interact in other to get the impact of companies' strategies on performance. Primary data with the aid of a structured questionnaire was used to elicit information from respondents. The data collected were analysed using both descriptive such as percentages and mean and inferential statistics of regression analysis was used to test the hypotheses. The findings revealed that construction companies adopt several company strategies at various levels; however, the strategies are generally applied moderately in Original Research Article Alintah-Abel et al.; JERR, 14(4): 25-33, 2020; Article no.JERR.57793 26 the firms. The study deduced that both growth strategies and generic strategies have positive significant impact on performance. The study recommended that policy makers and the management of the construction firms should adopt a mix of the competitive strategies since both have positive impact on performance and there is need for companies to intensify their applications since it will spur performance in the organisation.
MARKETING STRATEGY AND ITS EFFECTS ON THE ORGANIZATION (A CASE STUDY OF TOWER ALUMINIUM NIGERIA PLC
This is a summary of the entire work which seeks to investigate the marketing programme of manufacturers for products they consider successful and see if such programmes approximates to an optimal strategy. This is because good performance is a function of good planning. Strategy refers to the course of action towards achieving planned objectives. Marketing strategies are therefore plans and ways in which goals and objectives of any company can be attained. In an attempt to see how these variables are manipulated by organizations, the researcher made use of the questionnaire and interview method to gather his primary data for analysis and interpretation. However, due to the nature of the product, it was discovered that the organization made use of direct marketing as a promotional tool for price stability though depending on the cost of production. The researcher also found out those sales influenced by the cultural and social values of the people, and that competition in the industry is very keen. Now, with this in mind, where every organization in the industry is trying to get a major part of the market share, what should Tower Building Products do? It is recommended by the researcher that training scheme should be introduced; there should be continuous marketing research and that advertising should be given priority.
The Impact of Structure on Strategy Implementation among Telecommunication Firms in Nigeria
This study investigated the impact of structure on strategy implementation among telecommunication firms in Nigeria. Four hypotheses were formulated and tested to determine if there are relationships among selected dimensions of structure (centralization and specialization) and measures of strategy implementation (budgetary program implementation and resource control implementation). The Pearson Product Moment Correlation Coefficient was used to test the relationship via SPSS version 21. The results showed that centralization has insignificant positive correlation with budgetary program implementation and resource control implementation, (r = .117 and .111). Analyses also revealed that specialization has positive and significant relationships with the dimensions of strategy implementation with (r = .733 and .764). It was concluded that Centralized structure leads to slow pace of strategy implementation while Specialization structure enhances strategy implementation of the telecommunication firms. It was suggested that managers of telecommunication firms should encourage their employees to specialize on their jobs for an effective and efficient strategy implementation. Management were advice to adopt a decentralized structure in order to facilitate faster decision making. Furthermore, it was suggested that a similar study should be done to know the moderating role of leadership styles, and training and development.
Business Strategy as a Measure of Organizational Performance
International Journal of Business and Management, 2011
The study aimed at examining organizational performance in a Nigerian bank using their business strategies. Specifically, the study identified the business strategies employed by the bank, evaluated her performance over some years-using financial ratios, and assessed the effects of the strategies employed on the performance of the bank in terms of efficiency, profitability, liquidity, and market share. A systematic (case study) research design was adopted and a non-probabilistic sampling technique was used to gather information. The variables used in the study were determined as key indices of performance and values were ascribed to them from the figures supplied in the bank's financial statement. Some other published working papers as referenced and some Central Bank of Nigeria's (CBN) publications. The study revealed that the bank's mission was to invest in the best people, technology and environment to be able to achieve customer enthusiasm. The bank's major strategies are in the area of financing, marketing, human resources and information technology. The bank has recorded a tremendous success haven attained all the key desires of her mission statement and recording a revenue to expense ratio
Journal of Business and Economics, 2015
The paper gives an overview of a conceptual theme first coined by Alfred Chandler (1962), who developed a framework of structure-strategy and performance linkage. He argued in his thesis that structure follows strategy to enhance performance. He strongly believed that a strategy is the long-term plan that an organization should develop, but for its success there has to be an organizational structure in place to provide an avenue for its implementation and enhance performance. The paper has followed a more or less similar pattern within the large manufacturing firms in Kenya-but has only used organizational structure as an independent variable and performance as dependent variable. Strategy has been omitted and not aligned to structure instead structure has been aligned to performance. Since this area provides a knowledge gap this study intends to fulfil. A null conceptual hypothesis for the study has been developed which avers that organizational structure does not positively influence performance of large manufacturing firms. The study used a cross-sectional survey where data was collected from 102 large manufacturing firms. The chief executive officers of these firms were interviewed together with the middle-level and top managers. Regression analysis was used to test the hypothesis-it emerged that organizational structure on its own using Return on Assets (ROA) does not influence performance. However a further test using non-financial measures such as internal processes, customer perspective and performance produced a different result which influenced performance of large manufacturing firms. The findings of this study agreed with other previous studies and opens an avenue for further research. It has got an implication in organizations whose performance should not only be viewed using one construct of financial indicators and that non-financial measures may also be considered in the organizational performancebut overall there is clear indication that structure influences performance-even without putting in place the strategy for the organization.
African Journal of Business …, 2011
Studying the influence of main factors on organizational performance is an important subject in the strategic management literature. Generally, performance differentiations' resources among organizations are definable in terms of the existing industrial structure in industrial organization literature (OI) or characteristics of the organization in resource-based view (RBV). In this article, a model has been developed based on these two fundamental views after studying related literature. The proposed model has been examined in 48 chemical and 76 food industries by means of structural equations' model and based on partial least squares (PLS) methodology. Results imply that industrial structure determines organizational characteristics, which in turn leads to superior organizational performance. Non-homogeneity of organizational characteristics could be explained not only through competition intensity but also by the means of applied strategic type in an organization that shows goodness and consistency of organizational-strategy characteristics. The obtained experimental results support almost all of the hypotheses except the hypothesis related to the influence of industrial structure on strategic type.