Impact Of Corporate Policy Towards Enhancing Organizational Performance (A Study Of Selected Manufacturing Firms In Akwa Ibom State, Nigeria):- Udeme, Iniobong S

ABSTRACT x This study evaluated the impact of corporate policy towards enhancing organizational performance ofselected manufacturingfirms in Akwa Ibom State, Nigeria. The study sought to. examine the relationship between corporate policies and organizational performance in the selected manufacturing firms in Akwa Ibom State, establish the effect of corpoiate policy implementation on organizational effectiveness in the selected manufacturingfirms in Akwa Ibom State, ascertain the extent to which corporate image policies affect organizational gtowth in the selected manufacturing firms in Akwa Ibom State and determine the extent to which cost management policy enhance organizations' profitability in the selected manufacturing firms in Akwa Ibom State. This study adopted a survey research design. The researcher made use of primary and secondary data. The target population consists of 807 staff of the two selected manufacturing firms in Akwa Ibom State, Nigeria and they are; Dangote Cement Depot and Peacock Paint limited. Therefore, the sample size of the study was 267 staffwhich was derived from Taro Yamane formula. Thus, a total oftwo hundred and sixty seven questionnaire (267) was administered to the respondents in Dangote Cement Depot and Peacock Paint limited in Akwa Ibom State, Nigeria, twenty three (23) questionnaire where wrongly filled and lost by the respondents, while the researcher was able to recover two hundred and forty four (244) questionnaire which constitute 91.4% which was used to analysis both the objectives and hypotheses of the study. The study employed ANOVA test, Pearson Correlation Coefficient and simple regression to test the hypotheses ofthe study. The resultsfrom correlation coefficient shows rho = .824 which indicated 82% of the variation explained the relationship between corporate policies and organizational performance with p-value = .004 < 0.05% level ofsignificance. This therefore states that there is a strong positive relationship between corporate policies and organizational performance in the selected manufacturing firms. The results from correlation coefficient shows rho — .854 which indicated 85% of the variation explained the relationship between cost management policy and profitability with p-value = .004 < 0.05%> level of significance. This therefore states that there is a strong positive relationship between policy strategies adopted and profitability in the selected manufacturingfirms in Akwa Ibom State. The study concluded that corporate policy implementation has significant effect on organizational effectiveness in the selected manufacturingfirms. The study recommended that Managers should make sine that management policies deliver better end product within a framework, that encourages, promotes and improves performance attainment in an organization.