IMPACT OF INTERNET AND INTRANET OUTSOURCING ON THE PERFORMANCE OF LISTED FOOD AND BEVERAGES COMPANIES IN NIGERIA

Abstract

The study investigates the impact of internet and intranet outsourcing on the performance of listed food and beverages companies in Nigeria. It explore current information to meet up with current demands and expectation of customer and organizations, Also with the foregoing importance outsourcing poised in the business environment of today, there are limited published sources of literature related to outsourcing as it affects food and beverages companies in Nigeria, and also previous studies shows contradictory results. The population of the study include all the eighteen (18) food and beverages companies listed on the floor of the Nigeria stock exchange between 2007-2016. Secondary sources of data was employed in the study and Ordinary Least Square (OLS) regression analysis using (STATA) was also used to analyze the data collected and test the hypotheses. The findings of the study reveal that internet and intranet outsourcing has a positive and significant impact on the performance of listed food and beverages companies in Nigeria (The internet and intranet outsourcing has a tvalue of 4.71, co-efficient value of 0.028 and p-value of 0.000). The study concluded that internet and intranet outsourcing has significantly impacted on the organizational performance which is profitability and improved competitiveness of the listed food and beverages companies in Nigeria. The study recommended that the management of these companies and those in the sector should engage in outsourcing strategies in its decision making process by outsourcing their internet and intranet operations in order to increase their profit and achieve performance.