OLETUBỌ, ADEBAYỌ ADEBOYE and Covenant University, Theses (2022) INFLUENCE OF STRATEGIC MANAGEMENT AND PERSONALITY TRAITS ON PERFORMANCE OF ESTATE SURVEYING AND VALUATION FIRMS IN SOUTHWEST, NIGERIA. ["eprint_fieldopt_thesis_type_phd" not defined] thesis, COVENANT UNIVERSITY.
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Abstract
Operations of estate surveying and valuation firms (ESVFs) in Nigeria tilt towards routine estate management as defined by the College of Estate Management in 1993, focusing on conservation and improvement of revenue-earning potentials. Contemporary research shows that general management principles possess limited application to knowledge-based service organisations, like ESVFs. This study examines the influence of the deployment of strategic management (SM) principles of formulation, implementation and evaluation with the use of appropriate tools and techniques (SMTTs) in decision making, given the personality traits of the principal estate surveyors and valuers (ESVs) on firm’s performance. The study covers ESVFs in the six southwest states of Nigeria. Five objectives were set to: ascertain the level of SM practices; identify factors that affect SM practices; assess the impact of SM practices on performance; assess the personality traits of principal partners and ascertain how personality traits influence the effects of SM practices on the performance of ESVFs. The study was premised on the philosophy of deductive positivism, using the self-administered questionnaire survey method in a cross sectional setting. A pilot study was raised to validate the questionnaire. 471 ESVFs constituted the sample frame as discerned from the directories of The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) and the six south-west branches of NIESV. The thin populations of ESVFs in five of the six States were adopted directly into the sample size configuration, totalling 97. A sample size of 196 was derived from a population of 374 in the sixth State (Lagos). The total sample size for the study is 293. Random and purposive sampling methods were used during data collection. Tools used for data analyses were descriptive statistics, chi-square test, Spearman rank correlation, mean rank, exploratory factor analysis, correspondence analysis, moderation and mediation and hierarchical regression analysis using path analysis. The research found that: 73% of ESVFs surveyed were in sole proprietorships; 66.5% had singular offices; SM practice was more pronounced among respondents in the 41 to 50-year age bracket, in females than males, in holders of PGD than other academic qualifications, in holders of FNIVS than ANIVS, and highest with those with 11 to 15 years’ post-election experience. Respondents in Osun State applied SM practices most while those in Ogun State applied SMTTs most. The most used SMTT was the cost-benefit analysis. The application of SM practices in the ESVFs was found to be most dependent on training and re-training, followed by business and financial management training and specialisation of the Partners. The research revealed that while SM practices enhance firm income, it does not affect turnover. Finally, nine models were obtained from the relationships between the independent and dependent variables using personality traits as mediators or moderators. It is recommended that regulatory bodies ensure compliance with training and re-training while firms pay more attention to business and financial management training and promote the use of key performance indicators in evaluation assessments to enhance and sustain firm performance.
| Item Type: | Thesis (["eprint_fieldopt_thesis_type_phd" not defined]) |
|---|---|
| Uncontrolled Keywords: | Strategic management, strategic management tools and techniques, professional service firms, personality traits, firm performance, estate surveying and valuation firms. |
| Subjects: | T Technology > T Technology (General) T Technology > TH Building construction |
| Divisions: | Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment |
| Depositing User: | AKINWUMI |
| Date Deposited: | 11 Oct 2022 11:35 |
| Last Modified: | 11 Oct 2022 11:35 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/16308 |
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