Strategic Resource Management and Workforce Training and Development of Indigenous Oil and Gas Service Firms in Nigeria
DOI:
https://doi.org/10.47941/jbsm.2377Keywords:
Strategic Resource Management, Workforce Training and Development, Indigenous Oil and Gas, Service Firms.Abstract
Purpose: The study aimed to examine the influence of strategic resource management on workforce training and development of indigenous oil and gas service firms in Nigeria.
Methodology: The study which adopted survey research design at the organisational unit of analysis used a self-developed five-point Likert scale questionnaire as instrument of primary data collection from management level respondents. The population of the study was 1827 indigenous oil and gas service firms in four randomly selected South-South States of Nigeria with sample size of 328 determined with Taro Yamane’s formula and proportionally allocated with Bowley’s formula. The scale of measurement reliability was determined with Cronbach’s Alpha and its construct validity tests were with Pearson’s r, Kaiser-Meyer-Olkin (KMO) measure of sample adequacy and Bartlett’s Test of Sphericity. The collected data were analysed using descriptive and inferential statistics in Microsoft Excel Software Package version 2016 and IBM Statistical Package for the Social Sciences (SPSS) version 29 software application tools respectively and the research hypothesis tested with simple regression analytical techniques.
Results: The results of regression analysis showed that strategic resource management significantly and positively influenced workforce training and development of indigenous oil and gas service firms in Nigeria. Therefore, the study concludes that strategic resource management has significant and positive influence on workforce training and development of indigenous oil and gas service firms in Nigeria.
Unique contribution to theory, policy and practice: Based on the results, the study recommended that owners/managers of indigenous oil and gas service firms in Nigeria and other parts of world should continuously invest in their strategic resource management capabilities with special attention to human capacity development in technical skills and talent acquisitions and retention.
Downloads
References
Adeoye, A. O. (2012). Impacts of External Business Environment on Organisational Performance in the Food and Beverage Industry in Nigeria. British Journal of Arts and Social Science, 6(2).
Afiouni, F. (2007). Human Resource Management and Knowledge Management: A road map toward improving organizational performance. Journal of American Academy of Business, Cambridge, 11(2).
Akio, T. (2005). The critical assessment of the resource-based view of strategic management: the source of heterogeneity of the firm. Ritsueikan International Affairs, 3, pp. 125 – 150.
Ali, A., & Rouzita, A. (2012). Role of strategic entrepreneurship and strategic management of human resources in Fledging companies. Life Science Journal 9(3).
Allen, D. S. (2016). The impact of shortening a long survey on response rate and response quality. Doctoral Dissertation.
AL-Qudah, S., Obeidat, A. M., Shrouf, H., & Abusweilem, M. A. (2020). The impact of strategic human resource planning on the organizational performance of public shareholding companies in Jordan. Problems and Perspectives in Management, Vol.18, Issue.1, pp. 219 – 230.
Amaeshi, U. F. (2014). Human Resource Management Practices and Employee Retention in Nigeria’s Manufacturing Industries. International Journal of Scientific Engineering Research, Vol. 5, Issue 2, pp. 1741 – 1754.
Amo, T. (2019). The Negative Effects of a Lack of Training in the Workplace. [online]. From: smallbusiness.chrom.com.
Anya, C. J. P., Umoh, G. I., & Worlu, G. (2017). Human Resource Planning and Organizational Performance of Oil and Gas Firms in Port Harcourt. International Journal of Advanced Academic Research, Social and Management Sciences, Vol.3, Issue 9, pp. 110 – 129.
Arokodare, M. A., Kuforiji, A. A., Makinde, O. G., & Asikhia, O. U. (2020). Strategic Entrepreneurship and Superior Firm Performance: The Moderating Role of Entrepreneurial Mindset. Journal of Critical Reviews, Vol. 9, pp. 1975 – 1987.
Asiabaka, I. P. (2010). Access and Use of Information and Communication Technology (ICT) For Administrative Purposes by Principals of Government Secondary Schools in Nigeria. The Researcher 2(1), pp. 43 – 50.
Atashi, A., & Abdolpour, R. (2012). Role of strategic entrepreneurship and strategic management of human resources in fledging companies. Life Science Journal, 9(3), pp. 1927-1932.
Awolusi, O. D., Magaji, N., & Akpa, V. O. (2015). Strategic Human Resource Management and Organizational Performance in the Nigeria Oil and Gas Industry: The Mediating Role of Organizational Climate. International Journal of Investment Management and Financial Innovation, 1(3), pp. 56 – 68.
Barak, M., Maymon, T., & Harel, G. (1999). Team work in modern organizations: Implication for Technological Education. International Journal of Technology and Design Education, 9, pp. 85 – 101.
Baridam, B. B., & Govender, I. (2019). ICT Influence on the Healthcare sector in the Niger Delta region: ICT policy at an organizational level. Development Studies Research, Vol.6, 1, pp:142 – 151.
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.
Barney, J. B., Ketchen Jr, D. J., & Wright, M. (2011). The future of resource-based theory: revitalization or decline? Journal of Management, 37(5), pp. 1299 – 1315.
Barton, H., & Delbridge, R. (2011). Development in the Learning Factory: Training Human Capital. Journal of European Industrial Training, 25(9), pp. 465 – 472.
Berge, Z., De Verneil, M., Berge, N., Davis, L., & Smith, D. (2002). The Increasing Scope of Training and Development. Benchmarking: An International Journal, 9(1), pp. 43 – 61.
Chang, H. J., & Wang, H. B. (2013). A case study on the model of strategic entrepreneurship. The International Journal of Organizational Innovation, 5(4), pp. 30-44.
Cole, G. A. (2002). Personnel and Human Resource Management, 5th Edition. Book Power/ELST, London, UK.
Connor, T. (2002). The resource-based view of strategy and its value to practicing managers. Strategic Change, 11, pp. 307 -316.
Dowling, P. J., & Welch, D. (2004). International Human Resources: Managing in multinational context (4th ed.0. Thomson Learning. London.
Enwere, D. I. (2023). Strategic entrepreneurship and operational performance of selected indigenous technical oilfield services firms in Rivers State, Nigeria. (Doctoral Seminar) Federal University of Technology, Owerri, Imo State.
Enwere, D., Asiabaka, I. P., Ogolo, J. I. and Ugwu, K. (2024). Influence of social media on operational performance of Nigerian Postal Service (NIPOST) in Rivers State, Nigeria. In C. C. Asiabaka & I. P. Asiabaka (Eds.), Digital technologies for sustainable development (pp. 286 – 303). Epitome Institute of Education and Innovation.
Flynn, B. B., Picasso, F. G., & Paiva, E. L. (2018). Resources and Operational Performance: An Empirical Assessment. Decision Science Institute.
Grant, R.M. (1996). Toward a knowledge-based theory of the firm. Strategic Management Journal, 17 (Winter special issue), pp. 109 – 122.
Hayes, R., & Wheelwright, S. (1984). Restoring Our Competitive Edge. Competing Through Manufacturing (p. 427). Wiley.
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2011). Strategic management: Competitiveness and globalization (9th ed.). Mason, OH: Thomson South-Western.
Hitt, M. A., Ireland, R. D., Sirmon, D. G., & Trahms, C. A. (2011). Strategic entrepreneurship: Creating value for individuals, organizations, and society. Academy of Management Perspectives, 25(2), pp. 57-75.
Itika, J. S. (2011). Fundamentals of human resource management: Emerging experiences from Africa, African Studies Centre, 2300 RB Leiden, Netherlands.
Ivancevich, J. M. (2001). Human Resource Management (8th ed.). McGraw-Hill: New York.
Kabuoh, M. N., Egbuta, O. U., Okeowo, F. O., & Ogbuanu, B. K, (2019). Efficient Resource Management and Value Creation of SMEs in Gas Sub-Sector in Lagos State, Nigeria International Journal of Business and Management Invention (IJBMI), vol. 08, no. 05, 2019, pp. 20-28.
Kariuki, D. K., Wachira, A. W., & Mwenda, L. K, (2022). Entrepreneurial Mindset and Innovation by 1–3 Star Rated Hotels in Kenya. Journal of Business and Strategic Management. Vol.7, Issue 1, pp. 1 – 18.
Kiyabo, K., & Isaga, N. (2019). Strategic Entrepreneurship, competitive advantage, and SMEs’ performance in the welding industry in Tanzania. Journal of Global Entrepreneurship Research, 9(62), pp. 1-23.
Kori, B. W., Muathe, S. M.A., & Maina, S. M. (2021). Strategic Intelligence and Firm Performance: An Analysis of the Mediating Role of Dynamic Capabilities from Commercial Banks in Kenya. Journal of Business and Management Sciences, Vol. 9, No.1, pp: 1 – 11.
Kraaijenbrink, J., Spender, J. C., & Groen, A. J. (2010). The Resource-Based View: A review and assessment of its critiques. Journal of Management, 36(1), pp. 349 – 372.
Lopes, Y. M., & Moori, R. G. (2021). The role of Internet of Things (IOT) on the relationship between strategic logistics management and operational performance. Revista de Administracao Mackenzie, 22(3), pp. 1 – 27.
Mata, F. J., Furet, W. L., & Barney, J. B. (1995). Information technology and sustained competitive advantage: A Resource-Based Analysis. MIS Quarterly, 19(4), pp. 487 – 505.
Mathis, R. L., & Jackson, J. H. (2008). Human Resource Management, 12th Edition. Thomson South-Western, USA.
Monday, J. U., Akinola, G. O., Ologbenla, P., & Aladeraji, O. K. (2015). Strategic management and firm performance: A study of selected manufacturing companies in Nigeria. European Journal of Business and Management, 7(2), pp.161-171.
Monday, R. W., Neo, R. M., & Premeaux, S. R. (2012). Human Resource Management (3rd Customer Edition). Prentice Hall, Inc. Upper Saddle River, New Jersey.
Moore, W. E. (1992). Technology and Social Change. Chicago: Quadrangle Books.
Nhuta, M., & Kapofu, S. (2015). Evaluation of strategic entrepreneurship approaches for sustainable growth in the commercial banking sector in Zimbabwe. International Journal of Contemporary Applied Sciences, 2(2), pp. 57-83.
Nwaeke, L. I. & Obiekwe, O. (2017). Impact of Manpower Training and Development on Organizational Productivity and Performance: A Theoretical Review. European Journal of Business and Management, 9(4), pp. 153 – 159.
Ogolo, J.I. (2011). Management of employee workplace learning: A means of sustainable development in small manufacturing enterprises in Nigeria. Sustainability Today. WIT Transactions on Ecology and The Environment. Vol.167, pp. 113 – 125.
Oguzo, N. (2023). Strategic Information Management and Job Performance of Business Managers in Deposit Money Banks in Rivers State. The Journal of Accounting and Management Research, Vol.8, No.1, pp. 30 -36.
Okoi, I. O., Okoi, C. I., Takon, S. M., Orok, A. B., Emori, E. G., & Owui, H. O. (2021). Entrepreneurial Orientation and Entrepreneurship Culture and the Performance of Small and Medium Scale Enterprises in Calabar Metropolis, Nigeria. Webology, Vol.18, No.2, pp. 212 – 224.
Okoye, U. C., & Akpan, P. L. (2020). Organizational Environment and Performance of Selected Brewery Firms: An Empirical Evidence from Nigeria (1990 – 2020). International Journal of Recent Research in Social Sciences and Humanities (IJRRSS), Vol.7, Issue 3, pp. 40 – 52.
Oladipo, J. A., & Abdulkadir, D. S. (2011). Strategic Human Resource Management and Organization Performance in the Nigerian Manufacturing Sector: An Empirical Investigation. International Journal of Business and Management, Vol. 6, No.9, pp. 46 – 56.
Oyedijo, A. (2013). Business policy and strategic management (2nd ed.). Ikeja: Strategic International Press Ltd.
Porter, M. E. (1985). Competitive Advantage, New York: The Free Press.
Priem, R. L., & Butler, J. E. (2001). Is the resource-based view a useful perspective for strategic management research? Academy of Management Review, 26(1), pp. 22 – 40.
Rindfuss, R. R., Choe, M. K., Tsuya, N. O., Bumpass, L. L., & Tamaki, E. (2015). Do low survey response rates bias results? Evidence from Japan. Demographic Research, 32, 797 – 828.
Robbins, S. P. & Delenzo, D. A. (1998). Fundamentals of Management (6th ed.). Prentice Hall Inc. Upper Saddle River, New Jersey.
Safali, S., & Akpunar, B. (2020). Validity and Reliability Study of Academic Self-Efficacy Scale for Faculty Members. Advances in Language and Literary Studies, 11(4), 21 – 29.
Schroeder, R. G., Bates, K. A., & Junttila, M. A. (2002). A resource-based view of manufacturing strategy and the relationship to manufacturing performance. Strategic Management Journal, 23(2), pp. 105 -117.
Sekaran, U., & Bougie, R. (2019). Research Methods for Business: A Skill Building Approach. John Wiley & Sons.
Simon, M., & Goes, J. (2016). Reliability and validity in quantitative studies. Doctoral Dissertation.
Sirmon, D.G., Hit, M.A., Ireland, R.D., & Gilbert. (2011). Resource Orchestration to Create Competitive Advantage. A Journal Publication by SAGE.
Sparrow, P. R. (1998). Reappraising Psychological Contracting: International Studies of Management and Organization Journal, 125(1), pp. 30 – 63.
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(17), pp. 509 – 533.
Theriou, N. G., & Aggelids, V. (2009). A theoretical framework contrasting the resource-based perspective and the knowledge-based view. European Research Studies, 12(3), pp. 177 – 190.
Tulucea, N. S., & Yurtkur, A. K. (2015). Term of strategic entrepreneurship and Schumpeter's Creative Destruction Theory. Procedia - Social and Behavioral Sciences, 207, pp. 720-728.
Ugwu, K. E., & Igbo, R. C. (2021). Manpower Training and Employee Development (A case study of Access Bank Plc, ObioAkpor Local Government Area, Port Harcourt Metropolis, Rivers State). Journal of Applied Management, Vol.19, No.2, pp. 245 – 256.
Ukenna, B. I., Makinde, G. O., Akinlabi, H. B., & Asikhia, O. U. (2019). Strategic entrepreneurship and organizational performance of selected agricultural SMEs in Lagos, Ogun and Oyo States, Nigeria. International Journal of Development Strategies in Humanities, Management and Social Sciences, 9(3), pp. 89-128.
Wernerfert, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(4), pp. 171 – 180.
Wijaya, O. Y.A., & Wijaya, O. Y.A. (2023). The role of strategic entrepreneurship and social capital on sustainable supply chain management and organizational performance. Uncertain Supply Chain Management, 11, pp. 53 – 60.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 David Ihochukwu Enwere, Professor Mrs. Ihuoma Pauline Asiabaka, Professor Barr. John Ibinwangi Ogolo, Dr. Kelechi Enyinna Ugwu, Dr. Mrs. Patricia Onyinyechi Onyechere
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
