Abstract

This study assessed the effect of strategic management on the financial process of manufacturing companies, focusing on Oyo State of Nigeria. The 249 manufacturing companies in Oyo State, as registered with the Manufacturers Association of Nigeria (MAN), Ibadan, Oyo State, Nigeria, as at 1st November, 2016, formed the population of study. A sample of 152 manufacturing companies, representing 61% of the population was randomly selected for the study using a combined purposive and systematic random sampling techniques. The survey research design was used and data was collected through the use of questionnaire and structured interviews in the selected enterprises. The data collected were analysed using Analysis of Variances (ANOVA), correlation and descriptive statistics (F 18.619, p < 0.005).The study revealed that strategic management has significant effect on the financial process of manufacturing firms.