Strategic Control and Corporate Performance in the Manufacturing Industry .
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Globally, the increase in business competition and the campaign for sustainable economic development is redirecting the attention of firms towards strategic control. The manufacturing industry remains one or the most critical engines for economic growth, and its performance as a catalyst to transform the economic structure of countries cannot be over-emphasized. Hence, this paper examines the relationship between strategic control and corporate performance in the manufacturing industry in Nigeria. A survey research method was used to generate data from a sample of manufacturing firms in Nigerian on strategic control and corporate performance variables. Responses from the survey were statistically analyzed using descriptive statistics, product moment correlation, regression analysis and Z-test (approximated with the independent sample Hest). The results of the study indicate a statistical significant relationship between strategic control and corporate performance as well as reveal a significant difference between the performance of firms whose strategic control are low and those whose strategic control are high. The research findings provide insights regarding how the interaction between strategic control and corporate performance would assist the growth and development of the manufacturing sector in Nigeria. This study provides important implications for the management of manufacturing organisations. In order to improve corporate performance,manufacturing firms need to demonstrate high level of commitment to strategic control.
Strategic Control , Corporate Performance
Kuye,O.L and Oghojafor, B.E.A. (2011) Strategic Control and Corporate Performance in the Manufacturing Industry: Evidence from Nigeria. European Journal of Social Sciences - Vol. 22, (2), p. 177 - 188.