Department of Multidisciplinary Master of Business Administration (MBA)

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Browsing Department of Multidisciplinary Master of Business Administration (MBA) by Subject "Adaptive Resilience"

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    Response Strategy,Adaptive Resilience Factors and Performance of Aquaculture Enterprises in Lagos State, Nigeria
    (Lead City University, 2023-12) Lawal Ojo, JIM-SAIK
    Royalties and other fishing revenue generated by the aquaculture fisheries industry are a significant source of revenue for State economies. Moreover, they serve as a vital source of employment while helping to provide for the nutritional needs of low-income populations. The global performance of aquaculture showed that the industry experienced significant growth in demand for fish as a primary source of protein. However, the productivity of the aquaculture industry in Nigeria experienced a significant decline caused by profitability issues, weak new product development and weak competitive position, which is suggestive of challenges associated with response strategy and adaptive resilience factors. Likewise, the study argued in favour of the value relevance that possessing an entrepreneurial mindset can afford aquaculture firms to navigate the harsh business environment in Nigeria and identify business opportunities that can enhance their performance. Hence, on the strength of the ADKAR theory, dynamic capability theory and contingency theory, this study assessed the interaction of response strategy, adaptive resilience and organisational performance of aquaculture firms in Lagos State, Nigeria. A cross-sectional survey research design was adopted. The population was 4,012 employees of selected aquaculture firms in Lagos State. A sample size of 420 staff was determined through the Krejcie and Morgan formula for a finite population, and a stratified random sampling technique was used to select the employees at the three management levels within the selected aquaculture firms. A validated questionnaire was used to collect data. The Cronbach's alpha reliability coefficients for the constructs ranged from 0.80to 0.95. The response rate of 94.5% was achieved. Data were analysed using descriptive and inferential statistics. Findings revealed that response strategy and adaptive resilience had positive and significant effect on organisational performance (Adj. 0.000). Response strategy had a positive and significant effect on profitability (Adj.0.075, F(). Response strategy had a positive and significant effect on new product development (Adj.Adaptive resilience had a positive and significant effect on competitiveness (Adj. The entrepreneurial mindset had a significant moderating effect on the interactions between response strategy, adaptive resilience and organisational performance of aquaculture firms in Lagos State, Nigeria (4)0.000). This study concluded that response strategy and adaptive resilience affect the performance of aquaculture firms in Lagos State, Nigeria. The outcome of this study offered additional support for the ADKAR theory, dynamic capability theory and the contingency theory, which provided the theoretical underpinnings for this study. The study recommended that aquaculture firms in Lagos State should engage a strategic management consultant to undergo training on internal organisation competencies to enhance the deployment of response strategy and adaptive resilience factors and take advantage of developing and deploying an entrepreneurial mindset. This is because entrepreneurial mindset act as a significant moderator which enhance the interaction between response strategy, adaptive resilience and performance of aquaculture firms in Lagos State. As a significant moderator, aquaculture firms examined can take advantage of it value relevance. Keywords: Aquaculture Industry, Adaptive Resilience, Entrepreneurial Mindset, Organisational Performance Word Count:500