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Empirical Assessment of the Link Between Participatory Decision-Making and Firm Performance in Nigeria

Data publikacji: 26.03.2018

International Journal of Contemporary Management, 2017, Numer 16(4), s. 285 - 304

https://doi.org/:10.4467/24498939IJCM.17.048.8271

Autorzy

,
Fadeyi Olatunji
Covenant University Ota Ogun State Nigeria
Wszystkie publikacje autora →
,
Chijioke Nwachukwu
Mendel University in Brno, Czech Republic
Wszystkie publikacje autora →
,
Rowland Worlu
Covenant University Ota Ogun State Nigeria
Wszystkie publikacje autora →
,
Oluseye Ogunnaike
Covenant University Ota Ogun State Nigeria
Wszystkie publikacje autora →
Adegbuyi Abimbola
Covenant University Ota Ogun State Nigeria
Wszystkie publikacje autora →

Tytuły

Empirical Assessment of the Link Between Participatory Decision-Making and Firm Performance in Nigeria

Abstrakt

Background. Participatory decision-making maintains a leading theme across business, policy, and practice research. The success of any organisation depends on involving the workforce’s entire capacity to produce new ideas and ways of working to outsmart the competitors and have a competitive edge in the industry they are operating in.
Research aims. The focus of this study was to examine participatory decision-making and firm performance in the Nigerian banking industry. The study precisely sought: to determine the effect of employee participation in work decision on service quality of the firm, to ascertain the relationship between consultative participation and firm profitability, and to investigate how representative participation can affect the timely delivery of firm service as well as to determine the impact of short-term participation on the productivity of the firm. 
Methodology. In the course of this study, several relevant literary works were reviewed. The survey method was used to collect data of which 300 copies of the questionnaire were distributed and 288 were retrieved. Regression analysis and Pearson correlation coefficient were used to test hypotheses.
Key findings. The results show that a significant and positive relationship exists between service quality and employees’ participation in work decision. Similarly, a weak significant positive relationship exists between consultative participation and firm profitability. Furthermore, there exists a positive relationship between timely delivery of firm service and representative participation. On the other hand, there is no positive relationship between productivity of the firm and short-term participation. When employees are allowed to participate in decision-making, it gives them a sense of responsibility for their actions as they see themselves as an important member of the organisation. The study, however, recommends that for the promotion of creativity as well as innovation in the organisation, employees should be allowed to participate in decision-making. 

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Informacje

Informacje: International Journal of Contemporary Management, 2017, Numer 16(4), s. 285 - 304

Typ artykułu: Oryginalny artykuł naukowy

Tytuły:

Polski:

Empirical Assessment of the Link Between Participatory Decision-Making and Firm Performance in Nigeria

Angielski:

Empirical Assessment of the Link Between Participatory Decision-Making and Firm Performance in Nigeria

Autorzy

Covenant University Ota Ogun State Nigeria

Mendel University in Brno, Czech Republic

Covenant University Ota Ogun State Nigeria

Covenant University Ota Ogun State Nigeria

Covenant University Ota Ogun State Nigeria

Publikacja: 26.03.2018

Status artykułu: Otwarte __T_UNLOCK

Licencja: CC BY-NC-ND  ikona licencji

Udział procentowy autorów:

Fadeyi Olatunji (Autor) - 20%
Chijioke Nwachukwu (Autor) - 20%
Rowland Worlu (Autor) - 20%
Oluseye Ogunnaike (Autor) - 20%
Adegbuyi Abimbola (Autor) - 20%

Korekty artykułu:

-

Języki publikacji:

Angielski