Abstract
Organizational success is of the main drivers in achieving organizational goal and objectives as indicated in literature. Based on this evidenced the study focused the relationship between open book management and organizational success of deposit money banks in Nigeria. The study adopted quasi-experimental research design and examined the population of 200 employees with a sample size of 133 respondents in four deposit money banks in Nigeria. Questionnaire was the measure instrument for data collection and the collected data were analyzed using Spearman’s’ Rank Order Correlation Coefficient statistic. The result shows a significant relationship between the dimensions of open book management and organizational success measures of deposit money banks in Nigeria. Therefore, the study concluded that open book management affect organizational success and recommended that management should periodically make employees to know about the financial statues of the organization and to develop employees’ recognition programs and provide pay-performance programs that will stimulate employees’ performance toward achievement of organizational success.
Highlights
Financial institutions are organization that deals with money and their degree of realizing their goal indicates their continuing in business operation
Aim and Objectives of the Study The aim of the study is to examine the relationship between open book management and organizational success in deposit money banks in south-south, Nigeria
The result of the analysis shows that pay-performance programs has a significant and positive relationship of 0.530 with survival, when the P-value = .000 < 0.05) we reject H04 and accepted that there is a significant relationship between pay-performance programs and survival in in deposit money banks in south-south region in Nigeria
Summary
Financial institutions are organization that deals with money and their degree of realizing their goal indicates their continuing in business operation. Financial institutions have made remarkable impact on the nation‘s economy as well as providing fund to individuals in form of credit to help individuals in business operation. Based on these roles, their major aim is to achieve organizational success and remain in business operations. Organizational success is achieved when a firm meets its target and survive is the midst at challenging business entities. Their success lies in financial growth and survival thereby demanding that much attention should be given to success variables. They need to examine other variables that facilitate financial growth and survival
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