IIARD International Institute of Academic Research and Development

IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH (IJBFR )

E-ISSN 2695-1886
P-ISSN 2672-4979
VOL. 10 NO. 10 2024
DOI: 10.56201/ijbfr.v10.no10.2024.pg31.56

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Work Values and Organizational Survival in Nigeria's Commercial Banking Sector

Sholokwu, Boniface Monday

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Abstract

This study explores the relationship between work values and organizational survival in Nigeria's commercial banking sector, with a particular focus on the roles of social interaction, professionalism, and adaptability. Using a cross-sectional research design, the study surveyed 293 management staff from four major banks in the South-South region of Nigeria. The data were collected through structured questionnaires, and the study employed both primary and secondary data sources. Spearman’s Rank Order Correlation and Partial Correlation Coefficients were used to analyze the data and assess the relationships between the variables. The results revealed significant positive correlations between social interaction and adaptability (r = 0.595, p < 0.000), and professionalism and adaptability (r = 0.692, p < 0.000), highlighting the importance of these work values in fostering organizational survival. The study suggests that enhancing social interaction and professionalism within the banking environment can significantly improve employees' adaptability, thus contributing to the long-term success and survival of the organizations. The findings provide valuable insights for banking institutions in Nigeria, offering guidance on how to align work values with organizational goals to enhance competitiveness and performance.

keywords:

Work Values, Organizational Survival, Social Interaction, Professionalism,

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