Global Journal of Management and Business Research, A: Administration and Management, Volume 22 Issue 5

IV. R esult Validity, Reliability, and Hypotheses Testing Table 1: Validity and Reliability test for measurement items. Latent Variables CA CR AVE Agile Leadership 0.810 0.872 0.583 Strategy execution 0.794 0.836 0526 Firm profitability 0.798 0.867 0.620 Source: Researcher’s Results SmartPLS V3.3.3 (2022) Table 2: Discriminant Validity using Heterotrait-Monotrait Ratio (HTMT) Latent Variables ALL FPT SEN Agile Leadership (AOL) 0.763 Firm profitability (FPT) 0.660 0.573 Strategy execution (SEN) 0.366 0.692 0.631 Source: Researcher’s Results Smart PLS V3.3.6 (2022) Table 1 and 2 provide statistical evidence that the research instrument was valid after it meet the threshold of 0.05 for AVE (convergent validity). Likewise, within the acceptable threshold of below 0.9 using the HTMT criterion for discriminant validity. Further analysis revealed that Cronbach Alpha’s coefficient are above the 0.70 threshold. Hence, the research instrument used for data collection was certified valid and reliable. H 0 1: The effect of strategy execution on the firm profitability of selected deposit money banks in Lagos State, Nigeria, is insignificant. The independent variable strategy execution includes sub-measures such as strategy unfolding, management communication, organisational structure, work system, and monitoring and evaluation, while firm profitability constitutes the dependent variable. Data from four hundred and fifty-two (452) respondents were collated for the analysis. The result of the PLS-SEM is presented in three models (see Figures 1, 2 & 3) and a table (see table 3). Figure one shows the path analysis; figure two shows the t values, which confirm the significance of the path analysis and figure three shows Q 2, which confirms the predictive relevance of the structural model (t value above 1.96 and Q 2 above zero confirm a statistically significant effect and that the structural model specified is relevance). Each model comprised of the outer model, which shows the factor loadings (correlation) of each item in relation to the latent variable, and the inner model termed the structural model (predictive model), which explains the interactions between the independent (strategy execution) variable(s) and the dependent (firm profitability) variable in a study. Table 3 provides a tabular representation of Figures I, 2, and 3. Source: Researcher’s Computation via Smart PLS V3.3.6 Figure 1: Path Analysis for Hypothesis One The Affinity to Execute Strategy could Drive Firm Profitability. Is this True? What Role Does Anagile Leader Play? 53 Global Journal of Management and Business Research Volume XXII Issue V Version I Year 2022 ( ) A © 2022 Global Journals