Attributes of Multi-National Enterprises: Catalysts for Growth and Development of Indigenous Companies in Nigeria
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Abstract
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The study investigated how multinational companies' attributes were used to achieve corporate
objectives and how imbibing these attributes could transform Nigerian indigenous companies
into multinational status. The study was developed around the stages of MNCs development
theories. Theoretical models were used in developing two different hypotheses that were
investigated through survey of forty multinational companies which were randomly selected.
Copies of well structured questionnaire were administered to the companies sampled in Lagos
only. Validity and reliability of the instmment were measured at Cronbach's alpha of 0.69 and
alternative form validity of 0.62. The hypotheses were tested at 0.05 significant level. The
findings revealed that multinational companies achieved corporate goals set in foreign countries
as a result of the attributes exhibited. The recommendation from the study is that Nigerian
indigenous companies should adopt attributes that will enable them transform into
multinationals to support economic emancipation ofNigerian businesses.
Keywords
HF Commerce