Relational Capital and Dynamic Capabilities in indigenous Oil and Gas Producing Companies in Nigeria.
Vol. 6 Issue 2
This study investigated the relationship between relational capital and dynamic capabilities of indigenous oil and gas producing firms in Nigeria. The objectives of the study specifically detailed on ascertaining the relationship between relational capital and the measures of dynamic capabilities such as sensing, seizing and reconfiguring capabilities. The study was designed as a cross-sectional survey with the instrument (questionnaire) utilized in the generation of quantitative data. 173 participants were drawn from an estimated population of 33 indigenous oil and gas producing firms in Nigeria. The hypotheses of the study were tested using the Spearman’s rank order correlation coefficient. The results showed that relational capital significantly contribute towards outcomes of dynamic capabilities. It was concluded that relational capital positions the organization within a network of opportunities and partnerships that substantially contribute towards the sensing, seizing and reconfiguring capabilities of indigenous oil and gas producing firms in Nigeria. It was recommended that the development of the relational capital of the organization can be advanced through the adoption of practices and work forms that are shared and validated within the industry.
