Internationale Zeitschrift für Wirtschafts- und Managementwissenschaften

Globalization and its Impact on Corporate Entrepreneurship in Nigeria Oil and Gas Industry

Abstract

Chukwuemeka Nnadi

Globalization is like a sovereign political entity which manages the world resources for common humanity. This renders profit maximization in keeping with corporate policy unacceptable. The pollution and its long neglect resulted in the absence of critical human development infrastructure and restiveness in the forms of militancy, kidnapping functional agents of parent enterprise in host countries and closure of oil operations. Also, the low human indexes of Nigerians render them unemployable in oil and gas industry. In the light globalization the parent enterprise should pursue the maximization of opportunity to benefit all and sundry. The corporate entrepreneurs should have autonomy to effectively manage the MNCs and the environment business. This paper expects them to abide by conventional ethical norms and professional standards for prosperity of common humanity.