Okworobo, U. D.
Department of Business Administration, Faculty of Administrative and Management, Rivers State University, Nkpolu- Oroworukwo, PMB, 5080, Port Harcourt, Nigeria
and
Hamilton, D. I.
Department of Business Administration, Faculty of Administrative and Management, Rivers State University, Nkpolu- Oroworukwo, PMB, 5080, Port Harcourt, Nigeria
ABSTRACT
This study investigated the relationship between strategic intent and performance of upstream oil and gas firms in Rivers State. The study was conceptualized with strategic intent as predictor to performance measures of market share, productivity and profitability. The study adopted a cross-sectional research design with a correlational investigation type. This study population comprised of twenty-four (24) oil and gas upstream oil and gas firms operating in Rivers State, as enlisted in the finelib.com Nigerian Directory and Search Engine. The sample size of this study was the same as the population, since the population is not too large. This means that a total of 72 respondents was used for the study. Data was collected through structured questionnaire that was designed in Likert 5-poinit scale. Pearson’s Product Moment Correlation (PPMC) was used in testing the various hypotheses with the help of the Statistical Packages for Social Sciences Version 25.0. From the analysis of data, it was revealed that strategic intent had a significant relationship with performance. Based and these findings, the study concluded that strategic intent significantly relates with performance in upstream oil and gas firms in Rivers State. The researcher recommended among others that managers of upstream oil and gas firms should adopt strategic intent as a means to meet up with today’s changing trends; this will enhance their performance.
Keywords: Strategic intent, performance, market share, productivity, profitability.