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Corporate Objectives and Organizational Performance of Enugu Electricity Distribution Company (EEDC)

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  • September 30, 2021
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The study was to evaluate corporate objectives and organizational performance of Enugu Electricity Distribution Company. The specific objectives were to: examine the relationship between employee skills and revenue growth rates of EEDC, evaluate the relationship between employee productivity and minimum acceptable financial returns of EEDC and determine the relationship between the efficiency of business units and market share of EEDC. The study used the survey approach. The primary sources were personal interview and the administration of questionnaire. A population of 4530 staff was used. The population of the study was drawn from the staff of these organizations under study using a stratified sampling method. To determine the adequate sample size of 363, Freund and William’s statistic formula was applied. 288 staff returned the questionnaire and accurately filled. That gave 79 percent response rate. Pearson correlation coefficient, (F-statistics), and regression analysis were used to test the hypotheses, determine the nature, and strength of the research variables. The findings indicated that employee skills and revenue growth rate of EEDC are significantly related with two-tailed test r(95, n= 288)=.680, p>.05), employee productivity and minimum acceptable financial returns of EEDC are significantly related with two-tailed test r(95, n= 288)=.766, p>.05) and efficiency of business units and market share of the EEDC are significantly related with two-tailed test r(95, n= 288) =.681, p>.05). The study concluded that employee skills, productivity and efficiency of business units are significantly related with revenue growth rate, minimum acceptable financial returns and market share of EEDC. The study recommended that the management of EEDC should encourage employee engagement and training for the actualization of corporate objective of the organization.

Keywords:  Corporate Objectives, Organization, Employee skills, Productivity, Revenue Growth Rate.

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