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Strategic Management and Business Success in Nigeria

Author

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  • John N. N. Ugoani

    (Co-ordinator, Senior Lecturer, College of Management and Social Sciences, Rhema University, 153-155 Aba Owerri Road, Aba, Nigeria)

Abstract

Business success is highly dependent on competent managerial and strategic leadership. Strategic processes of managing and leading are people oriented and require strategic skills to ensure that there is proper motivation in the work environment so as to achieve increased stakeholders value. In the present global environment the need to cope with competition and other critical environmental challenges of business and management underscores the essence of strategic management and business success. The exploratory research design was employed for the study to assess the effect of strategic management on business success in Nigeria. Data generated were analyzed through the regression statistical technique, and it was found that with 1 percent increase in strategic management business success increases by 7.31 percent.

Suggested Citation

  • John N. N. Ugoani, 2017. "Strategic Management and Business Success in Nigeria," Business, Management and Economics Research, Academic Research Publishing Group, vol. 3(3), pages 26-33, 03-2017.
    • Handle: RePEc:arp:bmerar:2017:p:26-33
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    References listed on IDEAS

    as
    1. Frances Westley & Henry Mintzberg, 1989. "Visionary leadership and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 10(S1), pages 17-32, June.
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    2. Addisu A Lashitew & Michael L Ross & Eric Werker, 2021. "What Drives Successful Economic Diversification in Resource-Rich Countries? [“Blocking the Pathway out of the Resource Curse: What Hinders Diversification in Resource-rich Developing Countries?”]," The World Bank Research Observer, World Bank, vol. 36(2), pages 164-196.
    3. Wild, Phillip, 2017. "Determining commercially viable two-way and one-way ‘Contract-for-Difference’ strike prices and revenue receipts," Energy Policy, Elsevier, vol. 110(C), pages 191-201.
    4. Ogrean Claudia, 2019. "Some Insights On The World’S Most Innovative Companies And Their Defining Characteristics," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(2), pages 88-104, August.
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    7. Giuseppe Montesi & Giovanni Papiro & Massimiliano Fazzini & Alessandro Ronga, 2020. "Stochastic Optimization System for Bank Reverse Stress Testing," JRFM, MDPI, vol. 13(8), pages 1-44, August.

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