Relationship Between Resource Management and Organizational Performance of Selected Manufacturing Industries in South West Nigeria

Abstract

The need for adopting resource management became germane because of challenges such as poor capacity planning and utilization, inadequate skilled resources which impede organizational performance. This study therefore examined the relationship between resource management on organizational performance of selected Manufacturing industries in south west Nigeria. The specific objectives are to assess the relationship between material resource and organizational performance and to analyze the relationship between human resource and organizational performance .Ex-post facto research design was used for the study. The population consists of employees in 22 manufacturing industries listed in Nigerian Exchange Group between 2011-2020 dealing in Food and Beverages, Breweries, Health care/Pharmaceutical and Conglomerates. The sample size comprises eight manufacturing industries with 750 employees selected using stratified sampling technique. Data was drawn from primary source while descriptive statistics was used to explain the respondents’ characteristics and inferential statistics was used to analyze data collected. There is a significant positive relationship between material resources and organizational performance (R = 0.452**, N = 750, p < 0.01). Also it was found that there is significant positive relationship between human resources and organizational performance (R = 0.432**, N = 750, p <0.01). It was concluded that material resources and human resource increase organizational performance. Finally, it was shown that resource management is crucial for achieving organizational performance. Based on these findings it is recommended that management should put in place resource management policies that utilize inventory control, systems information gathering, that enhance product quality and improve performance.