WILBERFORCE JOURNAL OF THE SOCIAL SCIENCES (WJSS)
ISSN: 2504 – 9232
Volume 6, No. 1, March 2021
Pages 71-86
DOI: 10.36108/wjss/1202.60.0140
LEADERSHIP STYLES AND FIRMS’ PRODUCTIVITY: A STUDY OF FIDO WATER FACTORY IN YENAGOA, BAYELSA STATE, NIGERIA
AKARARA, EBIERINYO AYEBAEMI
Abstract
The paper interrogates leadership styles and firms’ productivity in Yenagoa, Bayelsa State. The study is domiciled in Fido water factory. Primary data were sources on the different leadership styles (autocratic, democratic, strategic, and transactional) with the aid of a well-structured questionnaire. While secondary data were collected on Earning Assets to Total Assets Ratio, Liquid Assets to Total Assets Ratio, Return on Assets, Return on Equity, Cost to Income Ratio and Profit which are used to form an index for firms’ productivity. Both correlation and regression analyses are also used to analyze the data. Finding shows that, for the understudied firm, autocratic style of leadership has an inverse relationship with the productivity of the firm, while democratic, strategic and transactional leadership style all have positive and significant impact on the productivity of the firm, with democratic leadership style showing a high level of dominance. It is thus concluded that leadership style influences the productivity of a firm. It is recommended among others that democratic, strategic and transactional leadership should exist within the organization, and leaders (managers) should display sound organizational culture through interpersonal relation, dialogues and transparency