Strategic Alliance and Corporate Performance in the Oil Firms in Nigeria
Keywords:
Strategic Alliance, Corporate Performance, Oil Companies, Productivity, ProfitabilityAbstract
There is the heightened challenged of scarcity of organisational resources desired to cope with the amplified level of organisational conflict. One of the likely ways of ensuring survival is the creation of strategic alliance with respect to conflict management amongst organisation. This study examines the relationship between the dimensions of strategic alliance and corporate performance in the oil firms in Nigeria. An extensive literature review was carried out. The study adopted the descriptive type of cross-sectional survey research and used the questionnaire method in primary data collection for the study, a total of 181 questionnaires were administered to the sample size of the oil firms under surveyed in Nigeria. Spearman’s Rank Correlation Coefficient with SPSS was used to analyze the stated hypotheses. The research finding revealed that; there is a significant positive relationship between strategic alliance and corporate performance. We therefore conclude that; strategic alliance can bring about improvement in organisational effectiveness of oil companies in Nigeria.Based on the findings the following recommendations were made; that Oil companies should focus on increasing the exploitation of how to manage conflict strategies of strategic alliance to increase their corporate performance. And that management should be sensitive to conflicts and set up effective communication channels to facilitate an improvement in conflict management.
How to cite this article: Johnson UU, Irabor-Ighedosa OJ. Strategic Alliance and Corporate Performance in the Oil Firms in Nigeria. J Adv Res HR Organ Mgmt 2019; 6(3&4): 40-48.
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