Date of Publication :8th September 2024

Abstract:The purpose of this study is to examine the impact of external business environment on organizational objectives in selected manufacturing companies in Lagos State, Nigeria. Limited studies have examined external business environment in terms of their contributions to the general economic growth to the society, but this study examined business environment from it competitive tendencies and assertions. The study adopted both inferential and descriptive methodologies with the population of the study drawn from Nigerian Bottling Company limited, Rite Foods Limited and Sandtex Paints Nigeria Plc. The sample for the study was one hundred and thirty participants using purposive sampling method. Primary data was collected by the use of structured questionnaire which were administered through drop and pick method and the data analysed through SPSS. Using Pearson Product Moment Correlation Coefficient at 5% level of significance the result showed a relationship between external business environment and organizational objectives in selected manufacturing companies; while at 5% level of significance with F-statistics value of 7.222 and co-efficient of determination of 0.603 political/legal environment have significant influence on business profitability. The study recommended that regulatory and institutional framework and bodies regulating businesses should be strengthened, empowered and well-coordinated so that business owners could deal with them in a transparent manner so that expected organizational objectives could be realized.

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