IMPACT OF STRATEGIC MANAGEMENT ON ORGANIZATIONAL GROWTH AND DEVELOPMENT
DANBATURE G. Hannatu
Volume 2 Issue 2
Abstract
The study investigated impact of strategic management on organizational growth and development of selected manufacturing firms in Kaduna State. 75 respondents selected from 5 manufacturing firms across the three senatorial zones of Kaduna State were sampled. The Chi-Square was used to test the three hypotheses that guided the study. Results from the analysis indicated that strategic management is not common among the manufacturing firms in Kaduna State; that the adoption of strategic management has significant effect on competitiveness and also influences manufacturing firms; that strategic management has effect on employee’s performance and that its adoption has significantly increased organizational productivity of manufacturing firms; also, it enhances structural development of manufacturing firms. The study thus concluded that though strategic management is not yet a common business practice among manufacturing firms in Kaduna State, it has been identified as veritable tool for improving the competitiveness, performance levels, and structural development of manufacturing firms in Kaduna State in particular and Nigeria in general. The researcher recommends that entrepreneurial centre and business schools in Nigeria should incorporate strategic management principles into their curricula. This will engender sound managerial know-how and boost the performance and competiveness of firms in Nigeria. Also, further studies should be carried out in Nigeria to investigate the causes on non-adoption of strategic management in Kaduna State in particular and Nigeria in general. The causes of this when known and curbed, will enable small and medium scale industries in Nigerian to become more competitive in boosting the development of Nigerian economy. Key Words: Strategic, Management, Organizational Growth, Development.
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