Effect of Open Book Management on Organizational Performance in Selected Manufacturing Firms in Enugu State Nigeria

Technoscience Review (TR)

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Title Effect of Open Book Management on Organizational Performance in Selected Manufacturing Firms in Enugu State Nigeria
Creator Nnaji, Precious Amuche
Agbaeze, Emmanuel Kalu
Subject Open Book Management, transparency, participation.
Description This research work critically examined the concept of Open Book Management and its effect on Organizational Performance in Manufacturing Firms in Enugu State, Nigeria. Open book management is based on the principle that managers and employees who know and understand financial performance and goals and share a stake in organizational success are more apt to be highly effective and motivated in meeting those goals. Specifically, the study sought to: ascertain the effect of transparency on organizational survival, and  the extent employee participation in decision making affects employee output.  The study adopted the survey research design. The population of the study was a total of 1,276 staff of the five selected manufacturing firms in Enugu State, Nigeria. The sample size 125 was obtained from the population using Evans Morris formular at 95% confidence level and 5% margin of error.  Data were collected using the questionnaire research instrument and interview which was designed in a 5 point Likert scale and manually administered to the respondents. The hypotheses were tested using regression analysis. . The findings indicate that transparency had a significant and positive effect on organizational survival (r = 0.875, p < 0.05);  andEmployee participation in decision making significantly had positive effect on employee output(r = 0.866, p < 0.05).  The study recommends that in the practice of open book management, organizations should place emphasis on ensuring the practice of transparency among the employees; and  employees should be involved at certain levels in the decision making process and/or should be kept abreast of management’s decision processes and decisions. The study concludes that open book management processes puts the organization on a pedestal to achieving organizational growth, employee performance and sustainability
Publisher Dr. O. C. Eneh, Institute of Development, University of Nigeria Enugu Campus.
Date 2017-06-30
Type info:eu-repo/semantics/article
Peer-reviewed Article
Format application/pdf
Identifier http://technosciencereview.org/ej/index.php/shdr/article/view/69
Source Sustainable Human Development Review; Vol. 9 No. 2 (2017): Sustainable Human development Review
Language eng
Relation http://technosciencereview.org/ej/index.php/shdr/article/view/69/56
Rights Copyright (c) 2017 Wipro international

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