Impact of Management Strategies on Corporate Performance of Selected Enterprises in Kano State, Nigeria
Keywords:
Management, Management Strategies, Corporate Performance, Enterprises, decision and profitabilityAbstract
This study analysed the impact of strategic management on the profitability of selected enterprises in Kano State, Nigeria. Kano State's five largest publicly traded manufacturers were chosen. Primary data were collected via a questionnaire given to 330 randomly picked employees at the selected companies. Data for the study were analysed using ANOVA, correlation, and descriptive statistics. Management strategies were found to have a substantial influence on the corporate performance and profitability of some selected enterprises in Kano State. Management strategies also correlated positively with the degree to which enterprises faced competition. The results of this research indicate that management strategies have a crucial role in improving enterprise output in Kano State. The study concludes that Nigerian enterprises of all sizes should place a premium on management strategies, policies, and practises. The study has revealed the significant and multi-faceted impact of management strategy decisions, management policies, and management strategic programmes on the operational performance and profitability of enterprises in Kano State. The findings underscore the pivotal role of effective management strategies in shaping an organization's competitive advantage, resilience, and growth prospects in a dynamic enterprise environment. The study recommends that managers should invest more in management strategies and programmes that encourage creativity, progress, and adaptability. Evaluation and refinement of these programmes regularly are necessary to maintain their usefulness and currency.
References
Alchian, A., & Demsetz, H. (2012). Production, Information Costs, and Economic Organization. American Economic Review, 62, 777-795.
Askarany, D., & Yazdifar, H. (2012). Management strategies Tools and Organisational Corporate performance. Paper presented at the American Accounting Association Annual Meeting and Conference on Teaching and Learning Accounting, August 6.
Barney, J. (1995). Looking inside for competitive advantage. Academy of Management Executive, 9(6), 49 - 61.
Bucklin, L., & Sengupta, S. (2013). Organizing Successful Co-marketing Alliances. Journal of Marketing, 57(2), 32 - 46.
Carton, R. B. (2014). Measuring Organizational Corporate performance: An Exploratory Study. A Published Ph.D Dissertation of The University of Georgia, Athens, Georgia.
Chandler, A. D. (2012). Strategy and Structure: Chapters in the History of American Industrial Enterprise.
Cambridge MA: MIT Press.
Chong, H. G. (2018). Measuring Corporate performance of Small and Medium Scale sized enterprises: The Grounded Theory approach. Journal of Enterprise and Public Affairs, 2(1), 1 - 10.
Covin, J., & Slevin, D. (2019). Management strategies of Small Enterprises in Hostile and Benign Environments. Management strategies Journal, 10(1), 75-87.
Dauda, Y. A., Akingbade, W. A., & Akinlabi, H. B. (2010). Management strategies Practice and Corporate Corporate performance of Selected Small Enterprise Enterprises in Lagos State. International Journal of Enterprise and Management, 5(11), 97 - 105.
Dess, G. G., Lumpkin, G. T., & Marilyn, L. T. (2005). Management strategies (2nd ed.). New York: McGraw- Hill Irwin.
Dess, G., Lumpkin, G. T., & Eisner, A. (2017). Management strategies: Creating Competitive Advantages (4th ed.). New York: McGraw Hill Companies.
Geringer, J., & Hebert, L. (2011). Measuring Corporate performance of International Joint Ventures. Journal of International Enterprise Studies, 22(2), 249-263.
Gichunge, E. M. (2017). The Effect of Formal Management strategies on Organizational Corporate performance: A Study of Selected medium sized Manufacturing Enterprises in Nairobi, kenya. Ph.D Dissertation.
Greenley, G. (2014). Strategic Planning and Company Corporate performance: An Appraisal of the Empirical Evidence. Scandinavian Journal of management, 10(4), 383-396.
Leito, J., & Franco, M. (2010). Non- Economic Organizational Corporate performance of SMEs: Is there a Rational for a Cognitive Entreprenuer? International Journal of Entrepreneurship and Small Enterprise, 1 - 31.
McWilliams, A., Van Fleet, D., & Cory, K. (2012). Raising Rivals’ Costs Through Political Strategy: An Extension of Resource-Based Theory. Journal of Management Studies, 39(5), 707-723.
Meier, K. J., O'Toole, L. J., Boyne, G. A., Walker, R. M. (2016). Management strategies and the Corporate performance of Public Organizations: Testing Venerable Ideas against Recent Theories. Journal of Public Administration Research and Theory, 17, 357–377.
Muogbo, U. S. (2013). The Impact of Management strategies on Organisational Growth and Development: A Study of Selected Manafacturing Enterprises in Anambra State. IOSR Journal of Enterprise and Management, 7(1), 24-32.
Oyedijo, A. (2013). Enterprise Policy and Management strategies (2nd ed.). Ikeja: Strategic International Press Ltd.
Pearce, J. A., & Robinson, R. B. (2013). Management strategies: Planning for Domestic and Global Competition (13th ed.). New York: McGraw-Hill Irwin.
Peteraf, M., & Bergen, M. (2013). Scanning Dynamic Competitive Landscapes: A Market-Based and Resource-Based Framework. Management strategies Journal, 24(1), 1027-1041.
Richard, P., Devinney, T., Yip, G., & Johnson, G. (2018). Measuring Organizational Corporate performance as a Dependent Variable: Towards Methodological Best Practice. Available at SSRN: http://ssrn.com/abstract=814285.
Sandberg, W., & Hofer, C. (2017). Improving New Venture Corporate performance: The Role of Strategy, Industry Structure and the Entrepreneur. Journal of Enterprise Venturing, 2(1), 5-28.
Stevenson, W. J. (2012). Operation Management (11th ed.). New York: McGraw-Hill/Irwin. Thompson, A. A., & Strickland, A. J. (2007). Management strategies: Concepts and Cases (11th ed.). New York.
Unam J. M. (2015). Management strategies and Enterprise Corporate performance: A Study of Selected Manufacturing Companies in Nigeria. European Journal of Enterprise and Management Vol.7, No.2,
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Zakari Musa, Daha Tijjani Abdurrahaman, James Terhile Tyohen
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.
