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. 11 NO. 3 2025
DOI: 10.56201/ijebm.vol.11.no3.2025.pg28.46

---

Concentration Strategy and Organizational Performance: A study of Beloxxi industries limited, Ogun State, Nigerian

Favour Cyril Umoren, Aaron Akpan Udo, Prof Don Baridam

---

Abstract

Purpose: This study examines the effect of Concentration Strategy on the organizational performance of Beloxxi Industries Limited in Ogun State, Nigeria. Methodology: A survey was conducted with 161 respondents and data were analyzed using multiple regression. Findings: findings revealed that Product Concentration (p = 0.000), Market Concentration (p = 0.013), Resource Concentration (p = 0.026), and Strategic Alliances (p = 0.000) all had p-values below the 0.05 significance level, indicating that each factor significantly and positively affects organizational performance. Originality/Value: This revealed that, a balanced concentration strategy is essential for enhancing performance, as evidenced by Beloxxi Industries. It was recommends that firms should focus on developing and promoting core products that align with consumer demand to optimize resources and improve market penetration. Additionally, investing in market research to target high-growth segments, adopting lean management practices for efficient resource use, and nurturing strategic alliances to boost competitive advantage are advised. These strategies collectively enhance organizational performance, demonstrating their importance in manufacturing firms like Beloxxi Industries.

keywords:

Concentration Strategy, Organizational performance, Resource concentration

---

Abodunde, S. M. (2020). Strategic planning and performance of small medium enterprises:
Evidence from Lagos State, Nigeria. European Journal of Business and
Management, 12(8), 6-12.
Adekola, S. (2021). Effect of marketing strategy on performance of manufacturing firms in
North
Central
Nigeria. International
Journal
of
Management
and
Social
Sciences, 2(10.51739), 122113816.
Adeleye, A. T., Bahar, M. M., Megharaj, M., & Rahman, M. M. (2023). Recent developments
and mechanistic insights on adsorption technology for micro-and nanoplastics removal
in aquatic environments. Journal of Water Process Engineering, 53, 103777.
Akingbade, W. A., & Famodun, O. T. (2024). Entrepreneurial Orientation and Small and
Medium Enterprises Competitive Advantange in Lagos State. Acta Universitatis
Danubius. Œconomica, 20(1), 228-251.
Argyres, N., Gil, R., & Zanarone, G. (2024). Does Supply Concentration Encourage
Cooperation?
Evidence
from
Airlines. Management
Science.
https://doi.org/10.1287/mnsc.2022.03455.
Béjaoui, A. (2021). Corporate Leadership and Its Role in Shaping Organizational Culture and
Performance. Advances in Logistics, Operations, and Management Science.
https://doi.org/10.4018/978-1-5225-8266-3.
Chen, S. (2023). Biomass Resource Utilization and Carbon Emission Reduction Potential in
Municipal Solid Waste. Highlights in Science, Engineering and Technology.
https://doi.org/10.54097/hset.v69i.12209.
Chourasia, A., & Bahuguna, P. (2024). Organizational performance as dependent variable in
strategic human resource management literature – a journey so far. Benchmarking: An
International Journal. https://doi.org/10.1108/bij-11-2023-0778.
Dantas, R., Silva, V., Gomes, J., De Assis Vieira, M., & Amaral, J. (2024). Competitiveness,
Competitive Intelligence, And Strategic Positioning: An Integrated Approach For
Organizational
Success. IOSR
Journal
of
Business
and
Management.
https://doi.org/10.9790/487x-2610111721.
Depamphilis, D. (2019). Domestic and Cross-Border Business Alliances: Joint Ventures,
Partnerships, Strategic Alliances, and Licensing. Mergers, Acquisitions, and Other
Restructuring Activities. https://doi.org/10.1016/B978-0-12-815075-7.00015-2.
Dorozhkina, A. (2024). Analysis of the concentration and monopolization of production in the
economy
of
the
regions. ACCOUNTING
AND
CONTROL.
https://doi.org/10.36871/u.i.k.2024.06.01.001.
Efi, S. (2023). Strategic Alliance and Tacit Collusion, of Competitive Advantage Through
Market Area, Product Innovation Cooperative Café Timor and National Cooperative
Business Association (CCT-NCBA) in Timor Leste. Journal of Business and
Economics. https://doi.org/10.15341/jbe(2155-7950)/02.14.2023/003.
Fabrizio, C., Kaczam, F., De Moura, G., Da Silva, L., Da Silva, W., & Da Veiga, C. (2021).
Competitive advantage and dynamic capability in small and medium-sized enterprises:
a systematic literature review and future research directions. Review of Managerial
Science, 16, 617 - 648. https://doi.org/10.1007/s11846-021-00459-8.
Fekete, E. (2021). Applicability of Organizational Performance Indicators. Hungarian
Agricultural Engineering. https://doi.org/10.17676/hae.2021.39.16.
Ibojo, B., & Owoeye, I. (2024). Effect Of Diversification on Organizational Performance of
Selected Manufacturing Industries in South West Nigeria. INTERNATIONAL
JOURNAL
OF
SOCIAL
SCIENCES
AND
MANAGEMENT
RESEARCH.
https://doi.org/10.56201/ijssmr.v9.no9.2023.pg1.25.
Joshua Christopher, E., Dr. Kingsley Lazurus, U., & Aarron Akpan, U. (2025). Crisis
Management on Organisational Resilience in Manufacturings Firms in Akwa Ibom
State. In International Journal of Trend in Scientific Research and Development (Vol.
9, Number 1, pp. 791–805). IJTSRD. https://doi.org/10.5281/zenodo.14977931
Kharub, M., Mor, R., & Rana, S. (2022). Mediating role of manufacturing strategy in the
competitive strategy and firm performance: evidence from SMEs. Benchmarking: An
International Journal. https://doi.org/10.1108/bij-05-2021-0257.
Milad, M., Riharjo, I., & Wibowo, A. (2024). Strategic Management for Sustainable Growth
of Nahdlatul Ulama among Nahdliyin. International Journal For Multidisciplinary
Research. https://doi.org/10.36948/ijfmr.2024.v06i05.28285.
Mohamed, O. (2021). THE EFFECT OF STRATEGIC MANAGEMENT PRACTICES ON
ORGANIZATIONAL PERFORMANCE IN NGOS IN MOGADISHU SOMALIA.
OKON, U. C., UWA, K., & BROWNSON, C. STRATEGIC ALLIANCES AND
EFFECTIVE PERFORMANCE OF SELECTED MANUFACTURING FIRMS IN
AKWA IBOM STATE.
Olawale, A., & Obinna, E. (2023). Corporate governance, institutional quality, and firm
performance: A comprehensive analysis of the oil & gas sector. Journal of Finance and
Economics, 11(3), 160-170.
Olurankinse, C. A. (2019). Sustainable family well-being amid socio economic changes and
challenges through food safety and nutrition. population, 11(1).
Peleckis, K. (2022). Application of the Multicriteria Method Seeking to Assess Concentration,
and Its Effects on Competition in the Manufacturing Sector. Sustainability.
https://doi.org/10.3390/su141912062.
Phina, O. N. (2020). Effects of strategic management on organizational performance in
manufacturing firms in South-East Nigeria. Asian Journal of Economics, Business
and Accounting, 15(2), 24-31.
Salama, M., Mahmoud, S., & Mohammad, A. (2022). The Impact of Strategic Alliances on
Achieving Sustainable Competitive Advantage: A Study on Some Hotels in
Egypt. Journal of Association of Arab Universities for Tourism and Hospitality.
https://doi.org/10.21608/jaauth.2022.123179.1306.
Salwan, P., Pandey, S., & Attri, R. (2024). Google and Jio: Tapping Growth Opportunities
Through
Strategic
Alliance. Asian
Journal
of
Management
Cases.
https://doi.org/10.1177/09728201231214890.
Udom, A. J., & Ekpouko, J. C. (2024). Navigating Success: The Impact of Social Media
Strategies on Small and Medium-Scale Businesses in Ikot Ekpene, Akwa Ibom State,
Nigeria. International journal of Innovation in Marketing Elements, 4(1), 39-58.
Wang, W. (2024). How Brand Differentiation Influences Product Pricing Strategy
Choices. Frontiers
in
Business,
Economics
and
Management.
https://doi.org/10.54097/9tmfae48.
Zhao, Y., Ji, G., Jiang, Y., & Dai, X. (2020). Strategic Customer Behavior and Pricing Strategy
Based on the Horizontal Differentiation of Products. Mathematical Problems in
Engineering, 2020, 1-13. https://doi.org/10.1155/2020/9475150.

DOWNLOAD PDF

---

Back