BUSINESS RESTRUCTURING AND ENTREPRENEURIAL INNOVATIONS FOR SUSTAINABLE PERFORMANCE
Keywords:Business restructuring, innovativeness, sustainability, performance
Business restructuring is the act of re-organizing the operations of a firm in order to eliminate waste, promote efficiency, increase profitability, and ensure organizational sustainability. It has been argued by some researchers that restructuring and innovativeness are essential for sustaining organizational performance. Yet, other authors see it differently. They are of the view that sustainable performance is dependent on collective skills and strategies of organizational members. Thus, this study has carried out an empirical investigation into the subject matter to validate or reject the postulations. Therefore, the study sought to examine the extent to which innovative work process affect work efficiency in an organization. It further examined how change in organizational structure affects employee task accomplishment. It also examined how altered physical environment influences interpersonal relationship among organizational members. Data for the study were gathered through the use of copies of questionnaire. The total population of the study was three hundred and eighty (380) respondents made up of employees of Airtel Nigeria Limited, Lagos. This total population was used as sample size in line with complete enumeration method of research. The results of the regression analyses showed that innovative work process has significant effect on work efficiency. Change in organizational structure has a significant effect on employee task accomplishment and altered physical environment influences inter-personal relationship among organizational members. The study therefore recommended that business organizations embarking on process innovation and organizational re-structuring should seriously take into consideration the effect of such exercise on employee productivity and business bottomline.