International Business Management- an Assessment of the Role of Multinational Corporation in Nigeria.
ABSTRACT
The main objective of this study was to look, at international business management and assess the role of Multinational Corporation operating in Nigeria, in terms of their contribution to the socio-economic and technological development of the nation.
The study was carried out in some selected multinational and it covered staff (respondent), 120 in number with at least secondary education.
Data were collected mainly through structured questionnaires interviews and other secondary sources. The MNC are contributing to the economics and technological development of the nation.
The economic contribution is moderate while the technological contribution is in adequate. The MNC are socially responsible that is to say, they are contributing to the social development of Nigeria. But this contribution was found to be inadequate.
Finally, the work was concluded with a recommendation on further research and conclusion of the finding.
TABLE OF CONTENTS
Title Page … … … … … … … … … i
Certification … … … … … … … … ii
Dedication … … … … … … … … iii
Acknowledgement … … … … … … … iv
Abstract … … … … … … … … … v
Table of Contents … … … … … … … vi
List of Tables … … … … … … … … ix
CHAPTER ONE: BACKGROUND OF THE STUDY
1.1 Introduction … … … … … … … 1
1.2 Objective of the Study … … … … … 7
1.3 Scope of the Study … … … … … … 8
1.4 Limitation of the Study … … … … … 8
1.5 Research Questions … … … … … … 9
1.6 Significance of the Study … … … … … 10
1.7 Definition of the Terms … … … … … 10
References … … … … … … … … 12
CHAPTER TWO: LITERATURE REVIEW
2.1 The Inducement Factors and Entry Strategies
into Multinational Business … … … … 13
2.2 Entry Strategies into Multinational Business … 14
2.3 Environmental Factor Affecting the MNC … … 15
2.4 The Managerial Functions in International Business 20
2.5 Management Policies and Strategies of MNC … 25
2.6 The Role of MNC as a Business Unit … … … 31
2.7 Benefits of MNC to Host Countries … … … 36
2.8 Activities of MNC in the Development of Nigeria … 38
2.9 The Shortcomings of MNC in Nigeria … … … 44
2.10 Summary of Literature Review … … … … 51
References … … … … … … … … 53
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Sources of Data … … … … … … 59
3.1.1 Primary Data … … … … … … 59
3.1.2 Secondary Data … … … … … 60
3.2 Data Presentation and Analysis … … … … 60
3.3 Validity and Reliability of Measuring Instruments 60
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1 Data Presentation … … … … … … 62
CHAPTER FIVE: DISCUSSION OF FINDINGS, RECOMMENDATIONS AND CONCLUSION
5.1 Discussion of Findings … … … … … 94
5.2 Recommendations … … … … … … 101
5.3 Conclusions … … … … … … … 104
Bibliography … … … … … … … … 106
INTRODUCTION
1.1 Background of the Study
National or domestic business not withstanding there is a literally a whole world out there for business to deal with.
Just imagine, Coke (Coca-Cola product) is sold all over the world. American motors is building its jeeps in Japan, Scores of Boeings Jetliners fly for various countries airlines.
Peugeot is assembled in Nigeria, you may carry a sony portable radio, drive a Toyota car, wear Italian shoes here in Nigeria and any other part of the world. They are all prove or evidence of international business.
During the past three to four decades, the world has experienced the growth of an economic phenomenon the multinational corporation (MNC).
Hicks and Gullet (1981), maintain that MNC are involved in the international business, through one exporting, licensing, franchising, joint venture, foreign branch or wholly owned subsidiaries.
Whole the MNC is not new, its importance, power and consequences have come to be appreciated fully only recently.
For instances, consider the significant role that large Multinational Oil Companies are playing in the economic systems of the World in General and Nigeria in particular.
To press home point, hear what a former Managing Director (MD) of NNPC L.A. Amu, said about Nigeria economy.
BIBLIOGRAPHY
Agbese D. “The Curse of Oil Newswatch, Lagos January 25, 1993 p.8
Aharani, J. “On the definition of a Multinational Corporation” Quarterly Review of Economics and Business, Autum 1971, Pp. 27-37.
Akpala, A. Management: An Introduction and the Nigeria Perspective (Enugu Dept of Management UNEC 1993) pp. 99
Amu, L.A. “Oil Glut and the Nigerian Economy” NNPC Booklet,
Barnet R.S. and Mullter R.E. “The Power of Multinational Corporations Global Reach. New York Simon and Scheter, 1974.
Biersteker, J. “Distortion or Development? Contending Perspectives on the MNC”. Global Reach Cambridge Mit Press, 1978.