Browsing by Author "Ogunsola, Adebowale"

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    Budgetary Control, Budget Reward and Organizational Performance among Listed Manufacturing Companies in Nigeria
    (Faculty of Management Sciences, Usmanu Dan Fodio University., 2020-10-25) Sanni, Mubaraq; Ogunsola, Adebowale; Usman, Muhammed Kamaldeen
    This research work explored how business performance in manufacturing sector is influenced by the use of budgeting for control and rewards in Nigeria. In this empirical i adopted survey design,, and all manufacturing businesses in Lagos State which are publicly traded as at 2018 constituted the study population. The study selected 185 respondents from the population, through purposive sampling technique. The research used primary data, while questionnaire was the main instrument employed in collecting the data. After the data collection, the study analysed the data through the application of regression analysis. It was empirically reflected that the use of budgeting for operation control is, directly and strongly associated with business performance. Moreover, it was reflected that performance is directly and strongly influenced by the use of budgeting for rewards determination in majority of the manufacturing firms that were investigated. It is concluded that budget as a control mechanism and budget reward system tend-to improve organizational performance, if the system is effectively operated. It is e that oreanization’s be ly operated. It is therefore, recommended that organizations should be using budget in a more effective way to control their activities and id serve as a basis for rewarding managers and other employees for good performance.
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    Contingency Factors and Performance Measurement System of Listed Manufacturing Firms in Nigeria
    (Department of Business Administration, Faculty of Management Sciences, Al-Hikmah University, Ilorin., 2021-11-12) Mustapha, Muhammed Basiru; Usman, Muhammed Kamaldeen; Ogunsola, Adebowale
    This study examined the influence of contingency factors on performance Measurement system of listed manufacturing firms in Nigeria, these contingency factors are; organisational strategy, organisational culture, leadership style, external environment, and employees training. These factors are said to be conditioned variables that help organization to survive and become sustainable by aiding performance measurement system, in order to facilitate the overall organizational performance. Different studies have examined general factors in the past on performance measurement system of organizations; however this study focused more directly on manufacturing firms in Nigeria. Data were collected through a self- administered survey of 168 respondents from listed manufacturing firms in Nigeria, and analysis was done using PLS-SEM. The target respondents were accountants, auditors and managers of the sampled organizations. The main finding of this study was that leadership style of an organization has the highest influence on performance measurement system. More so, organizational culture, employee training and external environment all equally influenced performance measurement system of listed manufacturing firms in Nigeria. Although, organizational strategy was found not significant, the implication of this result showed that organizations must have quality leadership to direct the affairs of an organization and lastly, organizations must imbibe on good culture to positively influence the Performance of the organizations.