Open AccessThe Influence Of Strategic Agility On The Perceived Performance Of Manufacturing Firms In Nigeria
Author(s) -
O.E. Ofoegbu,
Paul Ayobami Akanbi
Publication year - 2012
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v11i2.6769
Subject(s) - business , marketing , agile software development , variance (accounting) , order (exchange) , industrial organization , resource (disambiguation) , economics , management , computer science , computer network , accounting , finance
Strategic agility is learning to make fast turns and being able to transform and renew the organization without losing momentum. Strategic agility can bring about organizations that can produce the right products and services at the right place at the right time at the right price and for the right customers. Manufacturing firms and indeed all organizations that are strategically agile can contribute immensely to the achievement of the millennium development goals by contributing to economic growth. This paper examined the impact of strategic agility on the perceived performance of some selected manufacturing firms in Awe, Oyo, Oyo State Nigeria. The study employed survey research using questionnaire to collect data from all categories of workers in the two selected manufacturing firms. Two hundred and ten subjects responded to the questionnaire. Five hypotheses were tested using multiple regression, t-test, correlation analysis and analysis of variance. The study indicated that strategic agility as measured by strategic sensitivity, collective commitment or leadership unity and resource fluidity can have a significant impact on the performance of manufacturing firms. Based on the findings, it was recommended that firms should be proactive rather than reactive in order to promptly and effectively deal with changes taking place in the complex business environment and also improve their performance.