Impact of External Business Environment on Organizational Performance (A Case Study of Food and Beverage Companies)

The physical work environment, mostly affect employees’ behaviour; employee’s morale is often interrelated when it comes to productivity in the work environment. This study examined the impact of external business environment on organizational performance in Nigeria. (A case study of food and beverage companies). Three research questions guided the conduct of the study. The study adopted survey research method. The target population of the study comprised all employees of food and beverage companies listed on the Nigeria Stock Exchange as at 2023. One hundred respondents, both male and females; were randomly selected as sample for this study. A structured inventory was constructed and administered on the respondents for data collection; all the questionnaires shared to the respondents were retrieved for data analysis. The data obtained were statistically analysed using Multiple Regression Analysis. The findings revealed that economic environment, socio-cultural environment and technology have significant impact on organizational performance in Nigeria. It was recommended that the food and beverage industry in Nigeria should encourage social events within the society that they operate, to increase their patronage and enhance firms’ profitability; organization should give rewards and benefits to workers who are entitled to it because this will improve employee satisfaction that will boost organizational performance. It will encourage the workers to take their job as important as possible. The management should also decentralize power or authority; they should learn to listen to workers opinion because it allows for cordial relationship.