Leadership style and budget performance in Nigeria

Abstract

The use of budget as a technique for planning and control is universal in modern organizations, especially, in the commercial (business)  entities. However, for budget to succeed in its mission of enhancing the value of the business, human factor is of prime importance. The  objective of paper was to ascertain the exact nature and influence of leadership style in budget implementation and performance in  Nigeria. The paper investigated impact of leadership style in budget performance in Nigeria. It sampled a cross section of experienced  junior and senior management staff in quoted and unquoted companies to gain in insight into the influence of leadership style in budget  performance. The data were analyzed using exploratory and inferential statistics. It is recommended that managers should be wary of  pseudo-participation in budgeting because of its likely negative impact. In addition, no specific leadership style should be completely  discountenanced. A contingency approach is advocated in the management of budgets, particularly, during periods of crisis in Nigeria