IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 10 NO. 4 2024
DOI: https://doi.org/10.56201/ijebm.v10.no4.2024.pg86.108

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The Nexus Between Strategic Management and Organizational Performance of Ebonyi State Fertilizer and Chemical Company Ltd, Abakaliki, Nigeria

Abiji, Emmanuel Abiji

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Abstract

The objective of this investigation was to examine the relationship between strategic management and organizational performance at Ebonyi State Fertilizer and Chemical Company Ltd, Abakaliki. The specific objectives were to examine the relationship between strategy formulation and organizational performance at Ebonyi State Fertilizer and Chemical company Ltd, Abakaliki; to determine the relationship between strategy implementation and organizational performance at Ebonyi State Fertilizer and Chemical company Ltd, Abakaliki; and to examine the relationship between organizational performance and strategy evaluation. The study made use of descriptive research design. This study's designated subjects were 420 employees of Ebonyi State Fertilizer and Chemical Company Ltd. in Abakaliki. By employing the Simple Random sampling method, as determined in the table by Krejcie and Morgan (1970), the researchers culled 201 respondents from the target population. The primary data for the investigation were obtained through a self- administered questionnaire. To examine the relationship between the variables, a Pearson Product Moment Correlation analysis was performed using SPSS, an abbreviation for Statistical Package for the Social Sciences 27.0. A significant correlation has been observed between strategy formulation and the performance of organizations, as indicated by the research findings. Strategy implementation has a strong positive relationship with the overall performance of Ebonyi State Fertilizer and Chemical Company Ltd. in Abakaliki. Additionally, the study revealed a strong positive correlation between strategy evaluation and the overall performance of Ebonyi State Fertilizer and Chemical Company Ltd, Abakaliki. For improved plan execution, it was suggested that enhancing resource allocation, stakeholder communication, and organizational structure are essential.

keywords:

Strategic management; Strategy formulation; Strategy implementation; Strategy evaluation; Organizational performance; Environmental scanning

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