STRATEGIC RESPONSE AND ORGANISATIONAL GROWTH AMONG OIL AND GAS SERVICING FIRMS IN RIVERS STATE

Abstract

This study examined the relationship between strategic response and organisational growth among oil and gas servicing firms in Rivers State, Nigeria. Objectives of the study were to examine how dimensions of strategic response such as innovation-oriented strategy relate with organisational growth in terms of financial growth and market growth. The study adopted a correlational research design, using a structured questionnaire administered to 60 managerial-level respondents drawn from 10 oil and gas servicing firms in Rivers State, drawn from the Nigerian Content and Monitoring Board as reported in March, 2025.  Pearson Product Moment Correlation was used for the test of hypotheses. Findings revealed that both innovation-oriented strategy and adaptive strategy have strong and significant positive relationships with organisational growth of oil and gas servicing firms in Rivers State. The study concludes that strategic response enhances organisational growth. Among others, the study recommends that oil and gas servicing firms in Rivers State in Rivers State should invest more in advanced exploration, drilling, and digital technologies, to reduce operational costs, improve efficiency, as such would enhance their financial growth.