HUMANISTIC LEADERSHIP STYLES AND PROFITABILITY OF SELECTED FOOD AND BEVERAGES-MANUFACTURING FIRMS IN SOUTHWEST NIGERIA
Abstract
Globally, the food and beverage industry face challenges in the ever-evolving market, necessitating innovative approaches for enhanced competitiveness. In Nigeria, the sector, despite being crucial for economic transformation, is confronted by market pressure. Even with technological advances, the sector's slow performance persists. This highlights the critical role of leadership style in influencing profitability. Hence, this study examined the effect of humanistic leadership styles (democratic and transformational types) on the profitability of selected food and beverage manufacturing firms in southwest Nigeria. This study adopted a descriptive research design. The study population comprised 2406 employees of selected food and beverage companies in the southwest of Nigeria. A stratified random sampling technique was employed to select employees in the selected firms, and a validated questionnaire was employed as the instrument for data collection. The findings revealed that humanistic leadership styles had a significant effect on the profitability of the selected firms (Adj R2= 0.063, F(2,414)= 15.027, p= 0.000). This study recommends that food and beverage manufacturing firms in southwest Nigeria should consider promoting leadership approaches that prioritize employee well-being and collaboration. In addition, encouraging leaders to adopt these styles can enhance firms’ financial performance.
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Democratic leadership style, Humanistic leadership, Profitability, Food and Beverages Firms, Transformational leadership styleDownloads
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https://doi.org/10.5281/zenodo.14712393Issue
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Copyright (c) 2025 Oni, John Kolawole (PhD)
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