EFFECTS OF MANAGEMENT STRATEGIES ON ORGANIZATIONAL PRODUCTIVITY
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EFFECTS OF MANAGEMENT STRATEGIES ON ORGANIZATIONAL PRODUCTIVITY
Chapter one
INTRODUCTION
The ability to get people’s commitment and execute an effective plan to attain the organization’s major goals is at the heart of every management position.
Strategic management is not a set of tricks or a collection of tactics or methodologies, but rather an analytical thinking process and the commitment of resources to action.
Furthermore, outstanding execution or application of an excellent strategy is the best test of management excellence, as well as the most dependable and consistent recipe for successful organisational success.
Crafting, implementing, and executing enterprise strategies are critical components of effectively and efficiently managing a company organisation.
In general, enterprise strategy refers to the game plan or approach that management uses to monitor a market position, conduct operations, attract and satisfy consumers, compete successfully, and fulfil the organization’s goals.
It is worth noting that without a clear and consistent strategy, the organisation is like a ship without a rudder to guide it in the right direction.
Modern business managers work in a dynamic environment. The environment has undergone quick and unanticipated changes, and consumers have demonstrated complicated behaviours in both domestic and international marketplaces. Competitors have used one approach or another to adjust to the volatile and uncertain business climate.
Many organisations employ some management practices to make sound decisions. It is critical to remember that management methods do not always guarantee success if not implemented correctly in business.
As a result, effectively implemented management techniques enable a corporate organisation to be more productive rather than reactive. Success in today’s industrial environment is determined by how well a firm or organisation satisfies the needs of its clients. To effectively satisfy your consumers, you need tools and solutions that enable efficient and consistent manufacturing operations.
In today’s competitive global landscape, winning over clients is a difficult undertaking. Companies that can win over clients are suppliers who offer the best combination of goods, pricing, and production, among other things.
Obtaining a competitive advantage necessitates employing top business management solutions. Business solutions are instruments that help managers meet the demands and desires of their consumers.
1.1 The Historical Background of the Study.
Champion Breweries Plc, Uyo is a manufacturing and marketing corporation based in Akwa Ibom State. The company is located along Aka Obot Idim Road in Uyo, Akwa Ibom State.
Champion Breweries Plc was founded as a Private Limited Liability Company on July 31, 1974, under the name South-East Breweries. However, due to political pressures in Nigeria
the firm name was changed from South East Breweries Limited to Cross River Breweries Limited, and then to Champion Breweries Limited. The name Champion Breweries Limited was later changed to Champion Breweries Plc on September 1, 1992.
On November 24, 1974, the government of the then-South East State of Nigeria signed a deal with Messrs Haase Braverie GMBH of Hamburg (Technical Partners) for the supply and building of a turnkey brewery in Uyo with a capital of 150,000 hectolitres.
The foundation stone of the Breweries was placed on March 19, 1975. On December 11, 1976, the Breweries was officially commissioned, and its goods, Champion Lager Beer, were successfully launched into the market.
On July 22nd, a second deal was signed with Technical Partners to boost the Breweries’ capacity from 150,000 to 500,000 hectolitres. The foundation stone for the enlargement was placed on December 24th, 1977.
The enlargement, which included more advanced technology, was finished and put through trials in September 1979. The second production line was officially commissioned on December 11, 1979, the same year the company’s products – “Champion Lager Beer” and “Champ Malta” won silver medals at an international contest in Paris, France.
Champion Lager Beer had previously won an international medal for quality at the 16th World Selection for Beers and Non-Alcoholic Beverages in Luxemburg.
Following increased demand for its product, the company decided to quadruple its capacity to one million hectoliters. The third enlargement, which required significant resources, could be completed.
The company’s failure to complete the expansion strategy, along with a shortage of operating capital and inadequate plant maintenance, prompted it to close for operation between 1990 and 1991. All subsequent reactivation attempts failed to produce the desired or good results.
With the establishment of democracy in Nigeria in May 1999, the government of Akwa Ibom State made reactivating the brewery a top priority. As a result, the Akwa Ibom Investment and Industrial Promotion Council (AKIIPOC) was tasked with reactivating the company.
In accordance with this mandate, AKIPOC, in collaboration with the company’s Board of Directors, went to market to solicit core Investors/Technical Managers. During the process, Messrs. Montgomery Ventures incorporated of Panama was identified and brought into the company as core Investors/Technical Managers.
Following a Memorandum, the Company’s Board of Directors established a reactivation committee to work with core Investors/Technical Managers to revamp the company.
The reactivation process, which began in February 2000, lasted around nineteen months. The company has been overhauled and reformed to use 100% locally produced raw materials. The brewery is currently fully operational, with an annual production capacity of 500,000 hectolitres.
The reactivated brewery was officially commissioned on October 23, 2001. Champion Lager Beer is now on the market and performing well.
Already, the firm has successfully held an extra-ordinary General Meeting of Shareholders, which approved the expansion of the company’s authorised share capital from N25 million to N450 million. The second part of the reactivation programme has already started.
The goal is to diversify the company’s products and increase capacity to 1,000,000 hectolitres per year. Champion Breweries Plc, Uyo is a production and marketing organisation that includes the following departments:
Departments involved include production, marketing, and administration.
Accounting and Sales Departments
Perfectly, every successful organisation must identify and eliminate these issues in order to continue active in the economy.
1.2 The Statement of the Problem
Every organization’s management is responsible for developing and implementing strategies to enable the organisation run and prosper in a complex and dynamic environment.
Observation reveals that some organisations are unaware of the appropriate management method to use at a given time, which has had an impact on organisational production.
1.3 The objectives of the study
This research will allow the researcher to provide some techniques to aid Champion Breweries Plc in the sale of its products.
To assess the impact of management methods on organisational productivity.
To assess the level of satisfaction gained from the company’s products as a result of effective management practices.
To assess the role of commercial organisations in the growth of the Nigerian economy.
1.4 The Significance of the Study
In general, a corporate organization’s productivity determines its success and continuity. In this regard, students and interested readers will find this book quite valuable for reference purposes.
Similarly, this research will assist executives and anybody in a management position in any organisation in making and implementing decisions that will aid in the achievement of a common aim or set of objectives.
As a result, any other individual(s) interested in conducting more research on this topic will find this work extremely beneficial.
1.5 Research Questions for the Study
The research questions listed below are intended to steer the study’s course.
How do management practices boost organisational productivity?
What management strategies has the organisation adopted?
What are the causes of low organisational productivity, and what are the solutions?
What challenges do managers confront when applying management strategies?
1.6 The Development of Hypothesis
Ho: Effective management practices have no effect on organisational productivity.
Hi: Effective management methods have an impact on organisational productivity.
Ho: Management strategies cannot achieve the organization’s goals.
HI: Management methods can help organisations achieve their goals.
1.7 The Scope and Limitations of the Study
The study focuses on the effects of management strategies on organisational productivity and is only limited to one company (Champion Breweries Plc, Uyo) because it is practically impossible for the researcher to work on all organisations in Nigeria within the short time available for this project and some other things like inadequate data from workers, delay in returning the questionnaire from the respondents, and inefficient data for the study.
1.8 Definition of Some Terms Used in the Study.
Organisation: According to Robbins and Judge (2007), an organisation is a consciously co-ordinated social unit made up of two or more people that acts on a generally continuous basis to pursue a common objective or goals.
Productivity is defined as the rate at which a company or worker produces things and the amount produced in relation to the amount of time, work, and money required for production.
Management is the practice of working with and through people to achieve the organization’s goals.
The environment refers to external institutions or forces that may have an impact on the organization’s success.
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