Adaptability of Firms to Change and Corporate Performance in Nigeria Society
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National Association of the Academics (NAA)
Abstract
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This research study was conducted to find out if there is a positive
relationship between firms ' adaptability to change (effective change
management) and corporate performance. Data were collected through
questionnaire from thirteen banks in Nigeria. The Pearsons' productmoment
correlation coefficient (r) was used for data analysis. The ·results
show among others, that there is a positive relationship between a well managed
change programme and corporate performance. Therefore,
management should initiate change with the involvement of staff either from
a reactive or proactive posture against environmental dynamism. This helps
adapt the entire business processes to the change in order to enhance
corporate performance as failure to do this could mean the death of the
organization
Keywords
HF5601 Accounting