Effect Of Business Survival Determinants On Organizational Performance In Total Exploration And Production Of Ocean Oil In Nigeria Plc, Nigeria

ABSTRACT

This study focused on the effect of business survival determinants on Organizational performance in Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria. The study sought to determine the effect of service determinants on Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria performance, ascertain the effect of quality and cost on Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria effectiveness, determine the effect of institutional and socio - cultural environments on business survival Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria, establish the effect financial and infrastructural factors on business survival of  Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria and assess the challenges confronting business survival of Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria. The study used a survey design. Data for this study was collected from primary and secondary sources. The study population of 1000 comprised of the staff and management of Total E and P and Oando Nigeria Plc. The sample size of 286 was derived from Taro Yamane formula. The study employed Pearson correlation coefficient, regression model and Z-test tools to test the hypotheses of the study. The study found out that Business service determinants have a significant effect on Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria performance. The study concluded that financial and infrastructural factors has a significant effect on business survival of Total Exploration and Production of Ocean Oil in Nigeria Plc, Nigeria. The study recommended that management of the firm should endeavor to produce quality goods and services at the lowest possible cost with the use of proper material control towards gaining a competitive edge in the global market.