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Dynamic Capabilities and Performance of Selected Commercial Banks in Awka, Anambra State, Nigeria

2016; RELX Group (Netherlands); Linguagem: Inglês

1556-5068

Hilda E. Osisioma, Hope Ngozi Nzewi, Ijeamaka Charity Mgbemena,

Innovation and Knowledge Management

Sequel to the apparent changes in the environment of the Nigerian Banking Industry, characterized by seemingly intense competition for customers, uncertainties in the economy, shifting customer demands, the need for corporate organizations todevelop up teem capabilities is unarguable. This study examined the relationship between dynamic capabilities and the performance of selected commercial banks in Awka. The objective of the study was to determine the type of relationship between sensing capability and the performance of selected commercial banks in Awka. Descriptive survey research design was employed and data were collected through structured questionnaire. Product moment correlation coefficient was used to determine the correlation between the dependent and independent variables. Findings revealed a significant positive relationship between sensing capability and performance of First Bank Nigeria Plc and United Bank for Africa Plc in Awka. It was concluded that sensing capabilities enhance organizational performance. It was recommended that managers should not dwell on their core competences for competitive advantage, but continually adapt their competences to the changing business environment and establish capabilities to identify emerging opportunities and threats.