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Adaptability of Firms to Change and Corporate Performance in Nigeria Society

Emeni, F. K. and Ojeaga, Joseph Oseikhuemwen (2010) Adaptability of Firms to Change and Corporate Performance in Nigeria Society. THE NIGERIAN ACADEMIC FORUM A MULTIDISCIPLINARY JOURNAL, 19 (1). pp. 59-72. ISSN 1596-3306

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Abstract

This research study was conducted to find out if there is a positive relationship between firms ' adaptability to change (effective change management) and corporate performance. Data were collected through questionnaire from thirteen banks in Nigeria. The Pearsons' productmoment correlation coefficient (r) was used for data analysis. The ·results show among others, that there is a positive relationship between a well managed change programme and corporate performance. Therefore, management should initiate change with the involvement of staff either from a reactive or proactive posture against environmental dynamism. This helps adapt the entire business processes to the change in order to enhance corporate performance as failure to do this could mean the death of the organization

Item Type: Article
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 23 Apr 2015 10:45
Last Modified: 05 May 2015 09:51
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/5092

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