Does Enterprise Risk Structure Matter for the Organizational Performance of Telecommunication Companies in Nigeria?

Abstract

The concept of organizational performance has emerged as a key area of focus for modern businesses. This study sought to investigate whether enterprise Risk Structure Matters for Organizational Performance of Telecommunication Companies in Nigeria. The research adopted a descriptive survey design. A random sampling technique was adopted for the study and data was collected using a structured questionnaire with the help of a Google survey form. The sample population consisted of 379 respondents drawn from Nigerian telecommunication companies out of which 372 were completely and accurately filled. Multiple regression method of data analysis was employed to test the relationship between enterprise risk structure and organizational performance. The study result shows that outlined objectives had no significant effect on organizational performance. Also, the study result shows risk culture has a significant influence on organizational performance. Findings from the study show that performance indicators have a significant influence on organizational performance. Furthermore, findings from the study shows that risk indicators have a significant influence on organizational performance. It was concluded that it is challenging to merely credit performance to the outlined objectives of the firm because the ability of the organization to successfully manage risks is increased by a strong risk culture and risk indicators offer useful insights into the elements with adverse effects on the company’s performance. It was therefore, recommended telecommunication companies should implement a comprehensive performance and risk management measure that takes into consideration every aspect that track and reports identified risk on a regular basis.