Impact of Leadership Style on Organizational Performance: A Case Study of Nigerian Banks Ojokuku R. M1, Odetayo T. A2* and Sajuyigbe A. S3
Department of Management and Accounting, Ladoke Akintola University of Technology, Oyo State, Nigeria 2 Department of Accountancy, Osun State Polytechnic, Iree, Osun State, Nigeria 3 Department of Business Administration, Osun State Polytechnic, Iree, Osun State, Nigeria
The study examined the impact of leadership style on organizational performance in selected Banks, in Ibadan Nigeria. Purposive sampling technique was adopted in selecting a total of sixty (60) respondents as sample for the study, while relevant data was gathered with the aid of a structured questionnaire. One hypothesis was formulated and inferential statistical tool was used to analyze the data specifically Pearson product moment correlation was used to examine the relationship between leadership style dimensions and organizational performance, while Regression analysis was used to examine the significant effect of leadership style dimensions on followers and performance. Findings showed positive and negative correlation between leadership style dimensions and organizational performance. It was also found that leadership style dimensions jointly predict organizational performance, which counted for 23% variance of performance. The study concluded that transformational and democratic leadership style should be employed by the Banks’ management in order to wax stronger in a global competitive environment. Keywords: leadership style, organizational performance, transformational leadership, democratic leadership
Introduction Leadership style is a key determinant of the success or failure of any organization. A leader is person who influences, directs, and motivates others to perform specific tasks and also inspire his subordinates for efficient performance towards the...