DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES

This study examines the relationship between diversity management and the performance of Nigerian multinational companies.A single cross-sectional design was adopted for the study and a well-structured questionnaire was administered to 318 randomly chosen senior managers from Mobil Oil,...

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Main Authors: Samuel Olufemi Omoyele, Jayeola Olabisi
Format: Article
Language:English
Published: Faculty of Economics, University of Tuzla 2020-11-01
Series:Economic Review
Subjects:
Online Access:http://ef.untz.ba/wp-content/uploads/2021/03/3_NOV_2020_DOI_pp_31_44.pdf
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author Samuel Olufemi Omoyele
Jayeola Olabisi
author_facet Samuel Olufemi Omoyele
Jayeola Olabisi
author_sort Samuel Olufemi Omoyele
collection DOAJ
description This study examines the relationship between diversity management and the performance of Nigerian multinational companies.A single cross-sectional design was adopted for the study and a well-structured questionnaire was administered to 318 randomly chosen senior managers from Mobil Oil, Guinness, Coca-Cola, Nestle, MTN, and Cadbury Plc within Lagos Metropolis. The research instrument was tested for validity and reliability using confirmatory factor analysis and Cronbach’s alpha. The independent variable is diversity management while performance (dependent variable) was measured with Employees' Productivity (EP), Profitability Level (PL), and Employees' Innovativeness (EINV). The data collected were analyzed using Correlation Analysis and Structural Equation Modelling (SEM) factor to determine the relationship between diversity management and performance of Nigerian Multinational Companies. The results revealed a significant and positive relationship between diversity management and the performance of Nigerian multinational companies. The study concluded that diversity management motivates employees to put in their best to achieve a high level of productivity which leads to improved profitability due to employees’ innovativeness. Therefore, the study suggests that multinational companies in Lagos Metropolis should ensure proper management of diversity in the workplace.
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spelling doaj.art-472fe86eacce4382ad4f8952d93f250d2022-12-21T20:15:57ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2020-11-01XVIII23144DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIESSamuel Olufemi Omoyele0https://orcid.org/0000-0002-9219-7247Jayeola Olabisi1https://orcid.org/0000-0002-5390-0307Department of Business Administration and Marketing,Redeemer’s University, NigeriaDepartment of Accounting,Federal University of Agriculture, Abeokuta, NigeriaThis study examines the relationship between diversity management and the performance of Nigerian multinational companies.A single cross-sectional design was adopted for the study and a well-structured questionnaire was administered to 318 randomly chosen senior managers from Mobil Oil, Guinness, Coca-Cola, Nestle, MTN, and Cadbury Plc within Lagos Metropolis. The research instrument was tested for validity and reliability using confirmatory factor analysis and Cronbach’s alpha. The independent variable is diversity management while performance (dependent variable) was measured with Employees' Productivity (EP), Profitability Level (PL), and Employees' Innovativeness (EINV). The data collected were analyzed using Correlation Analysis and Structural Equation Modelling (SEM) factor to determine the relationship between diversity management and performance of Nigerian Multinational Companies. The results revealed a significant and positive relationship between diversity management and the performance of Nigerian multinational companies. The study concluded that diversity management motivates employees to put in their best to achieve a high level of productivity which leads to improved profitability due to employees’ innovativeness. Therefore, the study suggests that multinational companies in Lagos Metropolis should ensure proper management of diversity in the workplace.http://ef.untz.ba/wp-content/uploads/2021/03/3_NOV_2020_DOI_pp_31_44.pdfdiversityproductivityprofitabilityinnovativeness
spellingShingle Samuel Olufemi Omoyele
Jayeola Olabisi
DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES
Economic Review
diversity
productivity
profitability
innovativeness
title DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES
title_full DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES
title_fullStr DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES
title_full_unstemmed DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES
title_short DIVERSITY MANAGEMENT AND PERFORMANCE: EVIDENCE FROM NIGERIAN MULTINATIONAL COMPANIES
title_sort diversity management and performance evidence from nigerian multinational companies
topic diversity
productivity
profitability
innovativeness
url http://ef.untz.ba/wp-content/uploads/2021/03/3_NOV_2020_DOI_pp_31_44.pdf
work_keys_str_mv AT samuelolufemiomoyele diversitymanagementandperformanceevidencefromnigerianmultinationalcompanies
AT jayeolaolabisi diversitymanagementandperformanceevidencefromnigerianmultinationalcompanies