SHONUBI Akeem Olalekan
Department of Business Administration & Marketing,
College of Humanities, Social & Management Sciences
McPherson University Seriki Sotayo, P.M.B. 2094, Abeokuta, Ogun State, Nigeria
bosak200020012000@yahoo.com;akeemshonubi@gmail.com
OGUNDELE Johnson Iyiola
Department of Business Administration, Public Administration &
Industrial Relations and Personnel Management
College of Humanities, Management & Social Sciences
Mountain Top University, KM 12, Lagos-Ibadan Expressway, Prayer City, Ogun State, Nigeria.
FRANCIS Comfort Ngozi
Department of Business Administration
Redeemer’s College of Technology and Management, KM 46, Lagos-Ibadan Express Way
Ogun State, Nigeria
AINA Temitope Abosede
Department of Business Administration
Redeemer’s College of Technology and Management
KM 46, Lagos-Ibadan Express Way
Ogun State, Nigeria
OWIKO Adebayo Gabriel
Department of Business Administration
Redeemer’s College of Technology and Management
KM 46, Lagos-Ibadan Express Way
Ogun State, Nigeria
ABSTRACT
Lack of strategic intent affect the strategic planning of an organization which in turn lead to poor organizational performance. This study examined the relationship between strategic intent and organizational performance of selected deposit money banks in Nigeria. The study adopted descriptive research design and used Google questionnaire to collect primary data. The population of the study comprised 61 top executives of top 5 Nigerian banks by market capitalization. Total enumeration method was used and purposive sampling technique was used to select the executives. The data generated, was analyzed using Regression Analysis with the aid of the Statistical Package for Social Sciences (SPSS version 25.0) at 5% level of significance. Descriptive Statistics was also used to analyze the relevant data. The study found significant relationship between strategic intent and organizational performance. Thus, the study conclude that strategic intent is critical to organizational performance recommends that deposit money banks should ensure that well-conceived strategic intents are implemented, if they are to enhance their performance.
Keywords: Strategic planning, strategic intent, strategy formulation, strategy implementation