Enhancing Organizational Performance Through Relationship Resilience (A Study Of Manufacturing Firms In Nigeria)

Abstract

Organizations, during trying moments, are expected to dig deep and make necessary adjustments to remain competitive and/or relevant in the industries and markets they play in (Vakilzadeh & Haase, 2020). In recent times, businesses have had to look beyond the fundamental factors of production and give attention to the influence that changes in the environment portend (Eketu, 2015). These changes are one of the viable explanations for the rate of business failures in recent times. According to the study of Hasan et al (2022), business failure is on the increase, with many firms folding up within the first five years of existence. The impact of these collapses on the economic growth and development in the different sectors is huge. Firms are folding up at unprecedented rates, and it has a negative ripple effect on economic development, hence efforts should be geared towards investigating and taking necessary steps to mitigate re-occurrence (Abdusamatovna, 2022).