LEADERSHIP STYLES AND CORPORATE PERFORMANCE (A CASE STUDY OF COMMERCIAL BANKS IN IKOT EKPENE)

This study was carried out to examine leadership styles and corporate performance using commercial banks in Ikot Ekpene as case study. In order to achieve the objectives of the study, a survey research design was adopted and Taro Yamane formula was used to determine a sample size of one hundred and thirteen (113) respondents from a population of one hundred and fifty eight (158) for the study. Instrument for the study was a self-developed questionnaire which was personally administered. Hypotheses were formulated to guide the study and data were analyzed using simple percentages and chi-square (χ²) statistical tool. Data analysis revealed that; there is a significant effect of autocratic leadership style on corporate performance, there is a significant effect of democratic leadership style on corporate performance and there is a significant effect of laissez-faire leadership style on corporate performance. Hence, the researcher therefore recommended that management of the commercial banks should also ensure that seek methods to create change within the employees, encouraging followers to be expressive and adaptive to new and improved practices, which then enables the organization become more adaptable to the rapidly changing needs of the customers. Management of commercial banks should ensure that autocratic leadership style is carefully utilized especially in less volatile area as this can help encourage innovativeness in the organization and lead to better performance. Bank leadership should seek ways to motivate followers beyond the level that is required as it would improve the capabilities of their followers and in turn improve the company’s competitive advantage.