5.2.3 Correlations. The correlation matrix in Table IV presents correlation
coefficients between the independent and dependent variables. The results reported
significant negative correlation between the independent variables and dependent
variable. The r-value between each pair of independent variables in Pearson’s
correlation should not exceed 0.90 that may result in multicollinearity (Hair et al., 2006).
Referring to Table IV, the highest value of correlation is 0.769 (strategic planning with
leadership) which is ,0.90. Therefore, it is assumed that there is no multicollinearity
problem in this study