The Influence of Size on Corporate Culture and Organizational Effectiveness in the Nigerian Banking Industry

Abstract

The paper examined the effect of size on corporate culture and organizational effectiveness in the Nigerian banking industry. A total of 388 managers were randomly drawn from a population of 13,339 managers of all the 24 banks in Nigeria. The instruments used for data collection were questionnaire and oral interview. A total of 320 copies of the questionnaire were retrieved and analyzed. Spearman’s Rank Correlation Statistical tool was used to test the hypotheses. The findings revealed that size is significantly related to corporate culture and organizational effectiveness. Based on the findings we concluded that size have significant effect on corporate culture and organizational effectiveness. The study therefore recommends that Organizations should have a “big company/small company hybrid” that combines a large corporation’s resources and reach with a small company’s simplicity and flexibility. Size should be managed effectively to empower workers and improve the competitiveness of organizations.