Organisational cultures and economic performance of banks in Nigeria
Keywords:
adaptation, corporate performance, organizational culture, power, roleAbstract
Through a review of extant literature, the study examined managing organizational culture and economic performance drawing from Banks in South West and South-Eastern Nigeria. Three objectives, reflecting the above theme were formulated. The concepts of culture, organizational culture, and its roles and types were examined theoretically and a conceptual model/framework was developed. In the model, the relationship between organizational culture and corporate performance was established. Three sets of theories that are relevant to the objectives of this study are examined and relevance established with categorization which showed that organizational culture affects the performance of the company. Specifically, it is indicated that the level of job satisfaction is highest in task culture, followed by power culture, and lowest in role culture. Several recommendations and suggestions for further research are made, including the subjection of the suggested model to empirical investigation, using more data and variables in selected industries. It was concluded, amongst others, that corporate performance varies in different organizational culture types and that organizational culture has a strong and deep influence on the performance of the company.
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