Conflict Resolution and Organizational Performance of Oil and Gas Firms in South-South Nigeria.

Abstract:

This study examined the relationship between conflict resolution and organizational performance oil and gas firms in south-south Nigeria. The study adopted correlational survey research design. Population of the study constitutes the elements within the study unit. Therefore, the population of the study comprised of twenty-five (25) oil and gas companies. Data for this study were collected through primary data source; the questionnaire was the instrument used in collecting primary data. A total of two hundred and fifty copies of the questionnaire were distributed in a frame of 10 copies per firm. Reliability analysis was performed on the data using the Cronbach Alpha coefficient and it stood at 0.98. The data collected for the study were analyzed through descriptive and inferential statistics. The multiple regression analysis was adopted. The findings revealed a significant relationship between compromising strategy and organisational performance of oil and gas firms in south-south Nigeria. Also, a strong significant linear relationship was revealed between collaboration strategy and organisational performance of oil and gas firms in south-south Nigeria. The study concludes that oil and gas firms should adopt collaboration and compromise strategy, given its effectiveness in conflict management, as demonstrated by this study and supported by numerous other research findings. Furthermore, the study recommends that organizations should focus on increasing the utilization of conflict management strategies like collaboration and compromise strategy to increase organizational performance.