Abstract
With several literature on strategic change, it is obvious that role of organizational learning in strategic change process is an aspect that is worth studying. The aim of this study is to examine the potential links between strategic change, organizational learning, and organizational performance. Based on the population of 22 Deposit Money Banks in Nigeria, a survey questionnaire was administered to 250 top manager, middle managers and front line employees of banks in Nigeria. In total, 154 responses were used after data processing. Linear Regression analysis was used to test the hypotheses in the study using Microsoft excel. The study revealed an insignificant moderating effect of organizational learning on the relationship between strategic change and organizational performance. All other relationships between constructs were found to be highly significant with a coefficient of determination value that denotes significant positive relationship between constructs. It is crucial for managers to be aware of their operating environment and the right type and suitable level of strategy to employ that fit changes in the environment to improve performance. Given the features of this paper, a pertinent literature and empirical study, thus, seeks for a future conceptual mode study to be carried out in service industries and in the context of developing countries. Hence this paper tries to explain the relationship that exist between strategic, performance and when organizational learning plays its role.
Highlights
Few decades ago saw many companies build and applied business models that were sustainable and remained relevant for years without modification or any adjustment to these models [23]
Strategic change is seen as a critical potent because it paves the way through which organizations can sustain their hold on stiff competitive and changes in the environment, which normally stands as threat between an organization and its successful performance [15]
There are 22 main deposit money banks in Nigeria according to the updated list of Deposit Money Banks (DMBs) information released by the Central Bank of Nigeria (CBN, 2017), the Securities Exchange Commission (SEC) website shows that only sixteen (16) of these banks are listed
Summary
Few decades ago saw many companies build and applied business models that were sustainable and remained relevant for years without modification or any adjustment to these models [23]. Same cannot be said for the businesses in today’s world It has become imperative for organizations to fully imbibe the change culture in order to create an improved organizational structure able to demonstrate continued value and relevance to its customers, to improve performance, achieve, maintain competitive advantage and it’s overall survival in its business environment [17]. Some organization have become skilled in putting in place strategies that will successfully adapt to uncertainty in the environment for their long term survival [23]. Strategic change is a “double- edge sword”, since it may result to increased performance in the long run and decreased performance in the short term [16]
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