Parameters of Strategic Agility and Organizational Performance: An Empirical Study of Manufacturing Sector in Oyo State, Nigeria

Abstract

This study examines the impact of parameters of strategic agility on the organizational performance of manufacturing sector with specific reference to Oyo State, Nigeria. Specifically, the study determines the extent to which strategic sensitivity, strategic response, information technology capabilities and human resource capabilities influence organizational performance. A purposive sampling technique was used to select 10 (ten) manufacturing companies in Oyo State, whilst the convenient sampling was used to choose 24 (twenty-four) respondents from each selected manufacturing companies, totaling two hundred and forty (240) respondents as a sample size for the study. Data were analyzed with the aid of correlation and regression. The results reveal that there is significant relationship between strategic agility parameters and organizational performance. This indicates that strategic sensitivity, strategic response, Information technology capabilities and human resource capabilities jointly and independently influence organizational performance. The implication of this finding is that Nigerian manufacturing must implement strategic agility and remain competitive to manage a dynamic business environment through a scientific and flexible manufacturing process with the best workforce, with fast and proactive response, and latest information technology. Keywords: Strategic sensitivity, Strategic response, Information technology capabilities, Human resource capabilities