Effect of Employee Participation in Decision Making On Corporate Performance: A Case of Selected Banks in South-South Nigeria
Journal Title: International Journal of Management Sciences - Year 2016, Vol 7, Issue 7
Abstract
Given the dynamism and complexities in contemporary businesses, many organizations designs multiple strategies targeted at growing and gaining competitive advantage in their various business transactions. Achieving these objectives is largely a function of how business decisions are made and the extent to which it goes down well with the organizational members. The need to examine the extent to which Nigerian bank executives achieve corporate goal through participatory decision making is the thrust of this paper.A survey research design was adopted as a framework to guide the study targeted at 389 respondents. Questionnaire and interview schedules were used in data collection. Hypothesis were formulated and tested while, multiple regression statistics was used in data analysis. Findings reveal among others that there is a significant positive relationship between direct employee participation in decision making on performance in many ways, such as boosting the employee morale and improving decision quality. Regular consultation and meetings between management and employees also had positive correlation on performance as it enhances trust between management and subordinates. It was recommended that management should restructure the decision making organs to incorporate key employee representatives and widen the scope and dimension of employee participation on sensitive issues. Regular meetings and consultation between top management and employees should be intensified while also encouraging open communication and robust motivating incentives to enlist employee commitment and minimization of resistance to decisions made.
Authors and Affiliations
Michael Nnamseh, Isaac Ayandele
Keywords
Related Articles
- EP ID EP27118
- DOI -
- Views 267
- Downloads 6
Patient Satisfaction in Family Medicine Practices and the Factors Effecting This Satisfaction: Massive Study Based On Questionnaire in Gaziantep Province
In order to provide easily reachable and qualified health services to everybody who needs, as we know the diagnosis and treatment of the illness, knowing the ideas and emotions of people who has illness, and to provide...
Exchange Rate and the Economic Growth in Nigeria
Exchange rate policy has been identified as one of the endogenous factors that can affect the economic performance of a nation. Exchange rate plays a key role in international economic transactions because no nation ca...
Management of Conflicts in Senior High Schools in Central Region, Ghana
Conflict management in the Senior High Schools has become a critical issue which needs to be looked at by propounding new models to complement or replace entirely the school disciplinary committee system that has becom...
Internal Audit Quality in Saudi Arabia: A Categorical Regression Analysis
The turn of the millennium witnessed financially earth shaking events such as the sudden bankruptcy of Enron in 2001 and the collapse of Arthur Anderson in 2002 followed by the global financial crisis which reached its...
Les Déterminants Du Succès De La Relation Franchise Ur-Franchisé
La franchise a été largement considérée comme un moyen efficace pour développer les options entrepreneuriales. Cependant, un système de franchise n'est pas une garantie de succès sur le marché. En fait, un partenariat...