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| Budgetary Control And Organizational Performance: A Study Of Rivers State Newspaper Corporation, 2008-2019 |
Onyekwelu, Rose.Ugonwa, PhD & Nwachukwu, Uche Chidozie
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Abstract:
This work is on budgetary control and organizational performance: A study of Rivers state newspaper corporation. It covers the period 2008-2019. The underlying motive for the study is the recurring problem of low performance of public sector organizations and its implication on the cost of governance, especially in developing countries. The objective of this study is to assess the relationship between budgetary control and organizational performance of Rivers State Newspapers Corporation (2008-2019). Specifically, the study determined the relationship between budgetary control and financial performance in Rivers State Newspaper Corporation and as well identified the factors affecting budgetary control and organizational performance in Rivers State Newspaper Corporation. The population comprised of all the 214 employees of the organization, hence census study was used. Questionnaire was the major instrument for data collection.. Simple percentage was used to analyze the data, while chi-square test analysis was used to verify the hypotheses at 5% level of significance. The findings indicated that there is a relationship between budgetary control and financial performance of Rivers State newspaper Corporation as it is the basis for resource allocation. The result also indicated that revealed that overestimation and lack of integration in the overall strategy of the organization affects budgetary control and organizational performance in Rivers State Newspaper Corporation. The researcher recommends that since budgetary measures have strong effect on the product performance of the organization, management therefore should review the existing budgetary standards and measures, introduce new ones where applicable that will tighten the internal control system to prevent leakages and wastes in order to channel enough resources towards expanding the market share of the company through increasing the number of daily copies. Strict budgetary operational objectives adherence will assist in repositioning the organization towards better product performance.
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