KNOWLEDGE RECONFIGURATION AND SURVIVAL OF DEPOSIT MONEY BANKS IN SOUTH-SOUTH, NIGERIA
Abstract
This study examined the relationship between knowledge reconfiguration and survival of Deposit Money Banks in South-South, Nigeria. The study adopted the cross-sectional research survey design. The population for this study was twenty-two deposit money banks registered in Nigeria and operating in South–South. Primary data was generated through structured questionnaire. Census sampling was adopted because our population of study was not large. Hence, the entire population of 22 Deposit Money Banks was adopted as a census. However, the total respondents for this study were 154 Regional/Zonal Managers of the twenty-two Deposit Money Banks in South-South, Nigeria. The research instrument was validated by supervisors’ vetting and approval while the reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation while the partial correlation was used to test the moderating effect of nature of the environment. The tests were carried out at a 0.05 significance level. Findings study showed that there is a significant relationship between knowledge reconfiguration and survival of deposit money banks in South-South, Nigeria. Therefore, this study concluded that when deposit money banks in South-South, Nigeria undertakes knowledge reconfiguration, their survival is positively enhanced. Hence the study recommended that Deposit Money Banks should develop knowledge reconfiguration strategies by investment in human and material resources acquisition and development. They could also utilise approaches which involves incorporating external resources that the firm has not previously used, and integrating them with its internal resources.
Keywords: Agility, Flexibility, Knowledge Reconfiguration, Resourcefulness, Survival
CITATION: Onwualu, F. C., & Hamilton, D. I. (2022). Knowledge reconfiguration and survival of deposit money banks in South-South, Nigeria. The Strategic Journal of Business & Change Management, 9 (4), 1176 – 1186.
Full Text:
PDFReferences
Adim, C. V., & Mezeh, A. A. (2022). Reconfiguration capability and corporate vitality of domestic airlines in Nigeria. American Journal of Humanities and Social Sciences Research (AJHSSR), 6(3),14-23.
Akindele, R. I., Oginni, B. O., & Omoyele, S. O. (2012). Survival of private universities in Nigeria: Issues, challenges and prospects.
Arokodare, M. A., &Asikhia, O. U. (2020). Strategic agility: Achieving superior organizational performance through strategic foresight. Global Journal of Management and Business Research, 20(3), 7-16.
Barney, J. B., Ketchen Jr, D. J., & Wright, M. (2011). The future of resource-based theory: revitalization or decline? Journal of Management, 37(5), 1299-1315.
Bernardes, E. S., & Hanna, M. D. (2009). A theoretical review of flexibility, agility and responsiveness in the operations management literature: Toward a conceptual definition of customer responsiveness. International Journal of Operations & Production Management.
Capron, L., & Mitchell, W. (2009). Selection capability: How capability gaps and internal social frictions affect internal and external strategic renewal. Organization Science, 20(2), 294-312.
Chen, W. R., & Miller, K. D. (2007). Situational and institutional determinants of firms' R&D search intensity. Strategic management journal, 28(4), 369-381.
Dehghan-Dehnavi, H. & Nadafi, G. (2011). Can strategic flexibility bring profitability to firms through product innovation? Modern Economy and Business Quarterly, 30, 1-4.
Dothan, A., &Lavie, D. (2016). Resource reconfiguration: Learning from performance feedback. In Resource redeployment and corporate strategy. Emerald Group Publishing Limited.
Dun & Bradstreet Canada. (1979). Dun and Bradstreet Reference Books, 1864-1978. Archives of Ontario.
Ejo-Orusa, H. E., &Adim, C. V. (2018). Strategic innovation management and organizational survival of hotels in Port Harcourt, Nigeria: The moderating role of organizational structure. British International Journal of Education and Social Sciences, 5(12), 25-40.
Eryesil, K., Esmen, O. &Beduk, A. (2015). The role of strategic flexibility for achieving sustainable competition advantage and its effect on business performance, International Journal of Business and Economics Engineering, 9(10), 3469-3475.
Escrig-Tena, A. B., Bou-Llusar, J. C., Beltrán-Martín, I., & Roca-Puig, V. (2011). Modelling the implications of quality management elements on strategic flexibility. Advances in Decision Sciences, 2011.
Ferrier, W. J. (2001). Navigating the competitive landscape: The drivers and consequences of competitive aggressiveness. Academy of Management Journal, 44(4), 858-877.
Gabriel, J.M.O. &Kpakol, A. G. (2015). Entrepreneurial orientation and survivability of banks in Nigeria: The mediating role of human capital management. The European Business and Management Conference 2015 Official Conference Proceedings
GrossGross, B., &Dierksheide, N. (1986). Power Systems. IEEE, 368-374.
Henderson, R. M., & Clark, K. B. (1990). Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Administrative Science Quarterly, 9-30.
Holweg, M. (2005). The three dimensions of responsiveness. International Journal of Operations & Production Management. 25 (7), 603-621.
Katila, R., & Ahuja, G. (2002). Something old, something new: A longitudinal study of search behavior and new product introduction. Academy of Management Journal, 45(2), 1183-1194.
Lavie, D. (2006). Capability reconfiguration: An analysis of incumbent responses to technological change. Academy of Management Review, 31(1), 153-174.
Lengnick-Hall, C. A., Beck, T. E., &Lengnick-Hall, M. L. (2011). Developing a capacity for organizational resilience through strategic human resource management. Human Resource Management Review, 21(3), 243-255.
Muhammad, I. (2010). Factors affecting employee retention: Evidence from literature review. Abasyn Journal of Social Science, 4(1), 12-29
Nelson, R. R. (1991). Why do firms differ, and how does it matter?. Strategic management journal, 12(S2), 61-74.
Olughor, R.J., &Oke, M. A. (2014). The relationship between organizational survival and employee mental ability. International Journal of Business and Social Science, 56 (1), 56-66.
Park, Y. (2011). The dynamics of opportunity and threat management in turbulent environments: The role information technologies. Doctor Dissertation. Penrose, E.T. 1959. Theory of the growth of the firm. New York: Wiley.
Pavlou, P. A., & El Sawy, O. A. (2011). Understanding the elusive black box of dynamic capabilities. Decision Sciences, 42(1), 239-273.
Penrose, E. T. (1959). Profit sharing between producing countries and oil companies in the Middle East. The Economic Journal, 69(274), 238-254.
Polanyi, M. (1966). The logic of tacit inference. Philosophy, 41(155), 1-18.
Rosenkopf, L., &Nerkar, A. (2001). Beyond local search: Boundary spanning, exploration and impact in the optical disk industry. Strategic Management Journal, 22(4), 287-306.Rumelt,1991;McGahan&Porter,1997;McGahan,1999
Shivaraj, P. &Vijayakumara, N. (2015). Study on the factors affecting employee retention in a textile industry. International Journal of Recent Research in Civil and Mechanical Engineering, 1(2), 1-5.
Teece, D. J. (2007). Explicating dynamic capabilities: the nature and micro-foundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319-1350.
Teece, D. J., Pisano, G., &Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic management journal, 18(7), 509-533.
Weber, Y., &Tarba, S. Y. (2014). Strategic agility: A state of the art introduction to the special section on strategic agility. California Management Review, 56(3), 5-12.
Wechie, I., & Harry, A. J. (2018). Corporate Governance in International Oil Companies: Lessons for Nigeria. International Journal of Economics and Business Managements, 4(5), 1-13.
Weick, K. E. (1993). Organizational redesign as improvisation. Organizational change and redesign: Ideas and Insights for Improving Performance, 346, 379.
Worley, C. G., Williams, T. D., & Lawler III, E. E. (2014). The agility factor: Building adaptable organizations for superior performance. John Wiley & Sons.
Zahra, S.A., Hayton, J.C., Neubaum, D.O., Dibrell, C. & Craig, J. (2008). Culture of family commitment and strategic flexibility: The moderating effect of stewardship, Entrepreneurship Theory and Practice, 32, 1035-1054.
Zhou, K. Z. & Wu, Z. (2010). Technological capability, strategic flexibility, and product innovation. Strategic Management Journal, 31(5), 547-561.
DOI: http://dx.doi.org/10.61426/sjbcm.v9i4.2486
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 3.0 License.
PAST ISSUES:
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.