ORGANISATIONAL VALUE EFFICIENCY EFFECTIVENESS AND PERFORMANCE OF THE NIGERIAN MANUFACTURING ORGANISATIONS: A CONCEPTUAL ANALYSIS

IK  MUO; ADEBIYI JULIUS  ABOSEDE; SIMEON O.  ANIFOWOSE

IK MUO Department of Business Administration, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State.
ADEBIYI JULIUS ABOSEDE Department of Business Administration, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State.
SIMEON O. ANIFOWOSE Department of Business Administration, Faculty of Social & Management Sciences, Anchor University, Ayobo, Lagos, Nigeria

Keywords: Organisational value, efficiency, effectiveness, performance, performance measurement parameters

Abstract

Attainment of consistent high-performance outcome is imperative for the growth and sustainability of manufacturing organisations, but in spite of the efforts of the Nigerian manufacturing organisations, to increase utilization of their installed production capacity in order to achieve high performance, technical, governmental, and social problems are militating against their effort in this direction. It is based on this realization that the paper employs secondary sources of information to carry out a conceptual analysis of organisational value, efficiency, effectiveness, and performance of the Nigerian manufacturing organisations. The paper reveals some of the problems responsible for the under-utilization of the installed capacity of the Nigerian manufacturing organisations as follows: high rate of interest on the loan granted by banks; payment of government multiple taxes, fees, and levies; inadequate supply of electricity and gas to their plants and insecurity across the country. The paper recommends that the Federal Government should look into the possibility of prevailing on banks to reduce their high rate of interest charged on loan to manufacturing organisations; ensure that only approved taxes, fees and levies are collected by the Federal, State, and Local Government Agencies and proffer ameliorative solution to the insecurity across the country.