Environmental Turbulence and Organizational Performance of Food and Beverages Firms in Rivers State Nigeria

Abstract

This work investigated if environmental turbulence relates significantly with performance of food and beverages firms in Rivers sate, Nigeria. The cross sectional survey was utilized and a total population of one hundred and forty-two (142) managers and supervisors drawn from twelve (12) food and beverages firms were covered as the population of the study. A census study was carried out because the population was relatively small and could be effectively managed by the researcher. Questionnaire was used in collecting data from respondent. From the total 142 questionnaires that were distributed, only 127 questionnaires were successfully retrieved and used for the study. Data was analysed using the spearman rank order correlation. The outcome revealed that market turbulence, technology turbulence, competition turbulence and regulation turbulence have a negative relationship with organization performance. It was thus concluded that Inability of firms to adapt promptly to the proliferation in the turbulent environment is the major rationale for the collapse or failure of many establishments. The study recommended that the managers of the firms should develop high level of dynamic capability in their operations in order to stay agile and thus adapt rapidly to any form of turbulence in the business world.