Organizational Flexibility and Corporate Performance of Food and Beverage Firms in Rivers State, Nigeria

ORGANIZATIONAL FLEXIBILITY AND CORPORATE PERFORMANCE OF FOOD AND BEVERAGE FIRMS IN RIVERS STATE, NIGERIA

By

Joy Lawrence-Chuku1 and B. Chima Onuoha2

  1. Doctoral student, Department of Management, University of Port Harcourt.
  2. Professor of Management, Department of Management, University of Port Harcourt

Abstract

This study examined the relationship between organizational flexibility and corporate performance of food and beverage firms in Rivers state, Nigeria. The cross-sectional survey was adopted in the study. A total population of 176 managers and supervisors of 15 selected food and beverages firms in Rivers state were covered. However, a sample size of 123 respondents was drawn from the population. Copies of questionnaires were issued to respondents to get relevant data and the systematic sampling technique was employed. The Spearman’s rank order correlation was used in analysing the bivariate hypotheses. It was observed from the analysis that there is a significant positive relationship between the dimensions of organizational flexibility (operational flexibility and strategic flexibility) with the measures of corporate performance (cost efficiency and goal attainment). Hence, it was concluded that enhancing organization flexibility will help boost corporate performance of food and beverage firms in Rives State. It was recommended among others that the Managers in the Food and beverages firms should inculcate some element of flexibility in their strategy as such will help enhance goal attainment.

Abstract: Key Words: Corporate Performance, Cost Efficiency, Goal Attainment, Operational Flexibility, Organizational Flexibility, Strategic Flexibility.

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Lawrence-Chuku, J. & Onuoha, B.C (2022). Organizational Flexibility and Corporate Performance of Food and Beverage Firms in Rivers State, Nigeria. Research Journal of Management Practice, 2(1), pp54-66. Available online at: https://www.ijaar.org/articles/rjmp/v2n1/rjmp-v2n1-Jan22-p2148.pdf.

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