Risk-Taking and Resilience of Food and Beverage Manufacturing Firms in South-South Nigeria

Abstract

This study is an empirical work on the relationship between risk-taking and resilience of food and beverage manufacturing firms in south-south Nigeria. A cross-sectional survey design was adopted, while primary data was collected via the administration of a structured questionnaire. 321 copies of the questionnaire were distributed to the respondents and 297 copies were retrieved showing 93% retrieval rate. Data analysis was carried out with the aid of Statistical Package for Social Sciences (SPSS). The result of the analysis affirmed the alternate hypotheses which stated that risk-taking positively correlates with the measures of organizational resilience. Thus, concluded that risk-taking promotes resilience of the food and beverage manufacturing firms in south-south Nigeria. The study also recommended that top executives of organizations should not be risk averse but willing and open to risk taking such that could benefit and advance their position within the organization and also contribute to an overall advantage for the organization.