BANKOLE, O. A. & OGUNDIPE, C. F.
Department of Business Administration, Faculty of Management Sciences, Ekiti State University, Ado-Ekiti, Nigeria
ABSTRACT:
Increasing organisational effectiveness is one of the most important organisational goals for almost all organisations particularly in the Nigerian banking industry. The study examined the strategic alignment of lateral communication and inter-functional coordination of multinational banks in Lagos State. A descriptive survey research design was adopted for the study. The population of the study comprised management staff of the multinational banks in Lagos State. The sample size was 299 using census sampling. Primary data used for the study were gathered through the administration of well structured questionnaire. The data gathered were analysed using a simple linear regression. The result showed that lateral communication positively affects organisational effectiveness (t= 8.632, p< 0.05); Furthermore, showed that inter-functional coordination positively affects organisational effectiveness (t= 9.987, p< 0.05) thus, concluded that lateral communication and inter-functional coordination positively affect the dependent variable in Lagos State.
Keyword: Inter-functional Coordination, Lateral Communication, Organisational Effectiveness