LASU Journal of Employment Relations and Human Resource Management
(LJERHRM)
ISSN: 2705-3482
Volume 4, No. 1, 2023
Pages 81-99
DOI: 10.36108/ljerhrm/3202.04.0160
Management Practices and Organizational Performance
Olajide Clement JONGBO, PhD.
Department of Business Administration, Faculty of Management Sciences,
Lagos State University, Lagos, Nigeria
Abstract
This study, which major objective is to assess the role of management in increasing growth of product in organizations found out the role of management in increasing the growth of product organizations. Using a sample of two hundred and sixteen (216), respondents were managers of medium sized businesses were selected in Lagos State. The sampling technique that was used is simple sampling technique. The data collected from primary data using questonnaire was analysed using correlation coefficient to test stated hypotheses. Three (3) hypotheses were tested and the alternative hypotheses were accepted. The statistical analysis used in this study revealed that there is a significant relationship between effective management planning and organizational profitability, also there is a significant relationship between strategic management and company market share; and the finding also showed that there is a relationship between effective risk management practices and organizational competitiveness. The study recommends that organizations should take use of technology time savers and use the most appropriate form of technology for your purpose. Every person must treat time very carefully, because nothing affects the bottom-line of an organization more than time effectiveness of its people (some executive do nothing serious about; also laying emphasis on the importance of good me management at regular meetings is a great way of ensuring that all the employees are all aware of its modification.
Keywords: Management, Practices, Organization Performance, Nigeria