Impact Of Strategic Management On The Performance Of Production Firms (A Study Of Selected Firms In Lagos)

ABSTRACT 

 

The study examined the impact played by strategic management on the performance of selected oil and non-oil production firms in Lagos. Data were collected from both primary and secondary sources. The primary source involved the use of a well structured questionnaire to capture the current practice of strategic management in some production firms and impacts on organizational performance. The secondary data were obtained from textbooks, journals, newspapers and government publications. Statistical tools were used for data analysis and test of hypotheses formulated. The results of the study shows that investment in information system, maximization of shareholders wealth, investment in research and development, employees training and development etc have a great impact on the organizational performance in rapidly changing business environment.  

KEYWORDS: Strategy, data, information, system, opportunity, strengths, weakness, threats, mission, goals, strategic managements, organizational performance, production, firms, business, environment etc