MANAGERIAL SKILL AND RESILIENCE OF INSURANCE FIRMS IN RIVERS STATE

Udo, H. J.

Department of Business Administration, Faculty of Administration and Management, Rivers State University, Nkpolu-Oroworukwo, Port Harcourt, Nigeria

ABSTRACT

This study examined the relationship between managerial skill and resilience of insurance firms in Rivers State. The objective of the study was to determine the relationship between managerial skill and measures of resilience (adaptive capacity, situation awareness, dynamic capability) of insurance firms in Rivers State. The study adopted cross-sectional survey research design. The population of the study comprised of one hundred and eighteen (118) insurance firms in Rivers State. The sample size for the study was 60 respondents, derived using census method of sample size determination. Data for the study was generated through primary sources. The main data collection instrument for this study was a structured questionnaire. To ensure the validity of the instruments for this study, the content and face validity was adopted in ascertaining the extent to which the instrument can be said to be accurate and precise in the measurement of the variables under investigation. The reliability for the study was determined using the Cronbach alpha coefficient. The bivariate analysis was carried out using Pearson Product Moment Correlation Statistics.

Keywords: Managerial skill, Resilience, adaptive capacity, situation awareness, dynamic capability