Organizational Culture And Mortgage Institutions’ Performance In South-West Nigeria

The rapid changes constantly occurring in the workspace in recent times has continued to force managers and organizations to look in-depth beyond common reward systems for factors that can bring about competitive advantages geared towards optimum organizational performance. This study is examines the effect of in South-west, Nigeria. Survey research design was used. The population of the study comprised of fifteen (15) mortgage institutions in south-west, Nigeria with 2,317 of employees. Taro Yamane’s formula was used to determine the sample size of 387 employees of the mortgage institutions in southwest Nigeria. A close-ended questionnaire was designed on a five-point Likert scale to obtain primary data. Multiple linear regression was adopted in determining the fitness of the model, and the cause effect of the variables under consideration using Statistical Package for social sciences (SPSS) version 28. Out of the 387 questionnaires administered, 368 were valid and used for the analysis. The findings reveal that; Employee involvement in the decision-making process affect the performance of mortgage institutions in south-western Nigeria insignificantly; while consistency, mission statement and adaptability: all have significant effect on the performance of mortgage institution in south-western Nigeria. The study however, recommended that; Mortgage institutions in south-western Nigeria should embrace participatory management: way of engaging employee inputs in decisions relating to the organization as this will enable creative and innovative employees to contribute to the quality of decisions geared towards organizational success; the management of mortgage institutions in south-western Nigeria should have a steady improvement and coordination of systems amongst different departments and good superior-subordinate relationships integrated into the overall organizational strategy; the management of mortgage institutions in south-western Nigeria should ensure that their mission statement is specific and well understood by every employees’ regardless of the employee status, as this will ensure every unit contribute towards the firms’ goal; the management of mortgage institutions in south-western Nigeria should consider research and development as a function as this will increase knowledge and help the organization to be abreast with environmental changes that may take the organization unaware.