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The Effect of Organizational Renewal on the Performance of Lafarge Africa PLC

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  • IKOTUN, Morenike Abiola

    (Scholar, Department of Business Management, Northwest International University, Armenia.)

  • BELLO, Sunday Ade

    (Visiting Professor, School of Business Management, Entrepreneurship and Leadership, Northwest International University, Armenia.)

  • OYEWUSI, Bose Mary

    (Doctor and Faculty Member, Department of Business Management, Northwest International University, Armenia.)

Abstract

This study focused on examining the effect of renewal on organizational performance in Lafarge Africa Plc, Sagamu, Ogun state, Nigeria. A descriptive survey research design was adopted to source data from respondents with the help of a well-structure questionnaire administered to the staff of Lafarge Africa Plc located at KM 64, Old Lagos-Ikorodu Road, Sagamu, Ogun State, Nigeria. Lafarge’s total staff strength was 254 employees. A sample size of one hundred participants was purposefully selected, although only ninety-seven were able to complete the questionnaire for this study. The study found that renewal has contributed positively (R2 = 0.446 and P =.000) to the organizational performance of the firm. Given the strong correlation between renewal and organizational performance, the study recommends that management should strongly encourage its personnel to possess highly competitive organizational cultures for the consistent implementation of organization renewal to achieve its strategic objectives.

Suggested Citation

  • IKOTUN, Morenike Abiola & BELLO, Sunday Ade & OYEWUSI, Bose Mary, 2024. "The Effect of Organizational Renewal on the Performance of Lafarge Africa PLC," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 3030-3042, July.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:3030-3042
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    References listed on IDEAS

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    1. Stienstra, Marten & Baaij, Marc & Van den Bosch, Frans & Volberda, Henk, 2004. "Strategic Renewal of Europe's Largest Telecom Operators (1992-2001):: From Herd Behaviour Towards Strategic Choice?," European Management Journal, Elsevier, vol. 22(3), pages 273-280, June.
    2. Gautam Ahuja & Curba Morris Lampert, 2001. "Entrepreneurship in the large corporation: a longitudinal study of how established firms create breakthrough inventions," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 521-543, June.
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