Moderating Effect of Institutional Policy on Institutional Strategies and Performance of Selected MDIs
- December 11, 2021
- Posted by: RSIS
- Categories: Business Administration, IJRISS
International Journal of Research and Innovation in Social Science (IJRISS) | Volume V, Issue XI, November 2021 | ISSN 2454–6186
OTSUPIUS, Anthonia Ighiebemhe (PhD)
Department of Business Administration, Faculty of Arts, Management & Social Sciences, Edo State University Uzairue, KM7, Auchi-Abuja Expressway, Iyamho, Edo State, Nigeria
Abstract: This research attempt to address the question, can it be inferred that institution policy has effect on the relationship between institutional strategies and the performance of the selected MDIs in Nigeria? Despite the importance of Institutional Strategies (IS)-(Agility, Flexibility, Alliance, and Planning), as identified strategic options/approaches used by management development institutions (MDIs) to pilot the different setting towards attaining a successful performance. The multi-stage sampling technique was used to select 398 staff. Stratified sampling technique was used to select the relevant MDIs across the entire MDIs in Nigeria.
Data were collected using a validated questionnaire. Data were analyzed using descriptive and inferential (correlation and regression) statistics to determine the moderating effect of institution policy on the relationship between IS and performance of the selected MDIs.
Findings revealed that institution policy had no statistically significant moderating effect on the relationship between IS and performance of the selected MDIs in Nigeria, (Adj.R² = .137, F(4,336)=0.933, p>.05. The study concluded that recognizing the role and importance of MDIs in economic development, it is recommended that government (the office of the head of civil service of the federation) should develop flexible and concise policies as means of institutional support. When policies are understood by the different entities in an institution, there will be an atmosphere of improved performance reason being that everyone will work according to stipulated rules, using their initiative for creative value within the stipulated strategies.
Keywords: Institutional strategies, Management development institutions, Performance, Institution Policy
I. INTRODUCTION
In today’s business environment which is characterized by stiff competition and frequent changes in policies, no institution desirous of achieving its goals can afford to carry out its business without developing and adopting appropriate strategies. Ojokuku and Adegbite (2014) noted that any performing Management Development Institution (MDI) should be able to impact on their clients the following ways. The ability to do what it’s already doing in a new way (in the form of new knowledge, skills and management capabilities) in services delivery capacity, enhancing the capacity to grow (expansion), and environmental consciousness and sensitivity;
