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Vol.1 , No. 3, Publication Date: Jul. 13, 2015, Page: 45-52
, factors manifesting organizational climate were canonically correlated and regressed on the key factors manifesting leadership styles. While leadership style was measured using six dimensions (charismatic, transactional, transformational, autocratic, bureaucratic and democratic) proposed by Ojokuku., Odetayo and Sajuyigbe (2012), organizational climate was measured through a set of questionnaire that we developed based on the eight organizational climate dimension proposed by Litwin and stringer (1968). Findings based on the survey revealed that leadership style positively affected organizational climate in the Nigerian insurance industry. Specifically, our results suggest that apart from autocratic and bureaucratic leadership styles; transactional leadership style, democratic leadership style, charismatic leadership style, and transformational leadership style are the key leadership styles that influenced organizational climate in the Nigerian insurance industry.The model provides predictive implications on improved organizational climate, given the activities of critical variables manifesting successful leadership styles.&picture=http://www.aascit.org/aascit/decorators/img/journal/926.jpg)
| [1] | Awolusi Olawumi Dele, Department of Business Management, College of Business and Social Sciences, Covenant University, Ota, Ogun State, Nigeria. |
| [2] | Magaji Nanle, Department of Business Administration and Marketing, Babcock Business School, Babcock University, Ilishan-Remo, Ogun State, Nigeria. |
| [3] | Odunlami Samuel Abimbola, Department of Business Administration, South western University, Okun-Owa, Ijebu-Ode, Ogun State, Nigeria. |
This paper investigates the impact leadership style on organizational climate in the Nigerian insurance industry. The empirical study was conducted via a multi-respondent survey of 15 insurance companies quoted on the floor of Nigerian stock exchange as at 31st December, 2013. Using the framework from Ojokuku., Odetayo and Sajuyigbe (2012), factors manifesting organizational climate were canonically correlated and regressed on the key factors manifesting leadership styles. While leadership style was measured using six dimensions (charismatic, transactional, transformational, autocratic, bureaucratic and democratic) proposed by Ojokuku., Odetayo and Sajuyigbe (2012), organizational climate was measured through a set of questionnaire that we developed based on the eight organizational climate dimension proposed by Litwin and stringer (1968). Findings based on the survey revealed that leadership style positively affected organizational climate in the Nigerian insurance industry. Specifically, our results suggest that apart from autocratic and bureaucratic leadership styles; transactional leadership style, democratic leadership style, charismatic leadership style, and transformational leadership style are the key leadership styles that influenced organizational climate in the Nigerian insurance industry.The model provides predictive implications on improved organizational climate, given the activities of critical variables manifesting successful leadership styles.
Keywords
Leadership Style, Organizational Climate, Regression, Canonical Correlation, Insurance, Nigeria
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