EFFECT OF STRATEGIC MANAGEMENT ON ORGANIZATIONAL PERFORMANCE IN ANAMBRA STATE, NIGERIA
Keywords:Strategy Objective, Strategy Formulation, Strategy Evaluation, Organizational Performance
This study is to investigate the effect of strategic management on organizational performance in Anambra State, Nigeria with particular reference to some manufacturing firms in Anambra State, Nigeria. The main aim of the study is to investigate the effect of strategic management on organizational performance on manufacturing firms in Anambra State, Nigeria. The study is anchored on resource-based theory. Relevant literature were reviewed taking cognizance of the problem and the hypotheses of the study. The population of the study is comprised of 1,200 selected employees while the sample size consists of 300 using Taro Yamane’s formular to obtain the sample size. Multiple regression analysis were employed to analyze the data generated. It was discovered that: strategy objective affect organizational performance of manufacturing firms, strategy formulation had positive effect organizational performance of manufacturing firms Anambra State, Nigeria Strategy implementations had significant effect on organizational performance and Strategy evaluation had significant effect on organizational performance of manufacturing firms in Anambra State, Nigeria. The study concludes that of strategic management has significant effect on organizational performance in Anambra State, Nigeria The study therefore recommended that strategic objective should be in line with the objective of the organization in other to achieve organizational objective and effective employee performance, also organization should seek more input from the lower level managers and supervisors when formulating strategy so that the formulated plans are effective and in line with both long and short term objectives of the organization and organizations should have a well-conceived strategic vision that must be communicated to all employees. Finally the study recommended that every organization should evaluate his strategies every year in order to assess their consistency with organizational goals, objectives and Strategic evaluation should be done on a continuous, rather than a periodic basis so as to allow benchmarks of progress to be established and more effectively monitored.