MEDIUM AND LONG-TERM INCENTIVE PLAN AND ORGANIZATIONAL RESILIENCE OF BREWERIES FIRMS IN SOUTH-SOUTH, NIGERIA.

Abstract

The purpose of the study was to examine the relationship between medium and long- term incentive plan and organizational resilience of breweries firms in South-South, Nigeria. Organizational resilience can be defined as the ability and capacity of organizations to cope with various crises and challenges to return to normal conditions in critical situations. The word resilience can be acknowledged as a strategic imperative for effective coping when faced with adversities and can be essential for long-term effectiveness. The medium and long term incentive is an incentive for those who can create long-term value for the enterprise through knowledge, technology, capital and other elements. However; organizational resilience measures include adaptive capacity, robustness and keystone vulnerability management. The population of the study comprised of fifteen breweries firms with thirty elements as subject that was investigated based on census sampling techniques. The structured questionnaire was the primary source of data collection while cronbach alpha test and content validity instrument were adopted respectively. Hence, the study used Pearson’s product moment correlation co-efficient aided with statistical package for social science to determine the relationship between the study variables. Findings revealed that there is a significant and positive relationship between medium and long-term incentive plans and organizational resilience of breweries firms in South-South, Nigeria. Conclusion, medium and long-term incentive plans has a positive and significant influence on the three measures of organizational resilience. Recommendations, management of breweries firms should reduce turnover and enhance organizational resilience, through the implementation of medium and long-term incentive plans such as stock options, restricted stocks and stock appreciation rights.