Inflow of Foreign Direct Investment (Fdi) and Management Approaches of Multinationals in Nigeria

The study investigated the implication of foreign direct investment flows in the prevalence of management approaches in thirty multinational organizations in Nigeria. The multivariate regression analysis was employed for the identification of factors in the Nigeria investment environment (other than fiscal performance) that may have strong mediating impact. Results from the analysis showed that the predominant staffing strategy in most multinational organizations with FDI presence skew to polycentric (β = 0.28; p < 0.05) staffing approach more than to ethnocentric (β = 0.03; p < 0.05). This can be explained by the prevalence of host country staffers occupying strategic position in host country’s offices. Manager’s perception of employee effectiveness is largely influenced by the employee level of aptitude and the employee tacit personality traits

Diversity ideology: cultural festivals and fusion of diverse socio-ethnic construct, interest and ethnic cooperation

Cultural festivals as celebrated in Nigeria have enormous potential to drive fusion of diverse socio-ethnic construct. Our study focused on only three psychometric rationales or premise for evaluating common preference in cultural mixes. Fundamentally each ethnic group in Nigeria feels strong about the uniqueness of their culture. Distinct cultural traditions have been preserved and appreciated over history. We synthesized this construct at α = 0.05. Among others, key factors of multiculturalism (r = 0.39) (ideological condition that believe tradition must not be altered or acculturated) such as cuisines, costumes, rituals, languages did not significantly encourage fusion of socio-ethnic groups. Furthermore, among others, key factors of colorblindness (r = 0.52) (ideological condition that believe that culture has common origin “human beings” and common goals “satisfy human’s needs and desires”; and so people everywhere can bridge cultural differentia) such as local business, heritage site, Lifestyle, security correlates. However, lifestyle and security mediates in certain domains of cultural consumption that evokes fear of cultural mixing and which does not absolutely change ethnic predominant cultural mindset. Key factors of polyculturalism (r = 0.79)  (ideological condition with the believe that traditions and perspectives influence each other as cultural groups continually make contact and interact) such as awareness, values, friendliness and markets appeared significant in driving fusion. Multiculturalism (p < 0.05) offers high propensity to increasing preference for cultural fusion options through increasing concerns about the impurity from the mixing elements of different socio-ethnic grou

Diversity ideology: cultural festivals and fusion of diverse socio-ethnic construct, interest and ethnic cooperation

Cultural festivals as celebrated in Nigeria have enormous potential to drive fusion of diverse socio-ethnic construct. Our study focused on only three psychometric rationales or premise for evaluating common preference in cultural mixes. Fundamentally each ethnic group in Nigeria feels strong about the uniqueness of their culture. Distinct cultural traditions have been preserved and appreciated over history. We synthesized this construct at α = 0.05. Among others, key factors of multiculturalism (r = 0.39) (ideological condition that believe tradition must not be altered or acculturated) such as cuisines, costumes, rituals, languages did not significantly encourage fusion of socio-ethnic groups. Furthermore, among others, key factors of colorblindness (r = 0.52) (ideological condition that believe that culture has common origin “human beings” and common goals “satisfy human’s needs and desires”; and so people everywhere can bridge cultural differentia) such as local business, heritage site, Lifestyle, security correlates. However, lifestyle and security mediates in certain domains of cultural consumption that evokes fear of cultural mixing and which does not absolutely change ethnic predominant cultural mindset. Key factors of polyculturalism (r = 0.79)  (ideological condition with the believe that traditions and perspectives influence each other as cultural groups continually make contact and interact) such as awareness, values, friendliness and markets appeared significant in driving fusion. Multiculturalism (p < 0.05) offers high propensity to increasing preference for cultural fusion options through increasing concerns about the impurity from the mixing elements of different socio-ethnic grou

Inflow of Foreign Direct Investment (Fdi) and Management Approaches of Multinationals in Nigeria

The study investigated the implication of foreign direct investment flows in the prevalence of management approaches in thirty multinational organizations in Nigeria. The multivariate regression analysis was employed for the identification of factors in the Nigeria investment environment (other than fiscal performance) that may have strong mediating impact. Results from the analysis showed that the predominant staffing strategy in most multinational organizations with FDI presence skew to polycentric (β = 0.28; p < 0.05) staffing approach more than to ethnocentric (β = 0.03; p < 0.05). This can be explained by the prevalence of host country staffers occupying strategic position in host country’s offices. Manager’s perception of employee effectiveness is largely influenced by the employee level of aptitude and the employee tacit personality traits

Diversity Ideology: Cultural Festivals and Fusion of Diverse Socio-Ethnic Construct, Interest and Ethnic Cooperation

Cultural festivals as celebrated in Nigeria have enormous potential to drive fusion of diverse socio-ethnic construct. Our study focused on only three psychometric rationales or premise for evaluating common preference in cultural mixes. Fundamentally each ethnic group in Nigeria feels strong about the uniqueness of their culture. Distinct cultural traditions have been preserved and appreciated over history. We synthesized this construct at α = 0.05. Among others, key factors of multiculturalism (r = 0.39) (ideological condition that believe tradition must not be altered or acculturated) such as cuisines, costumes, rituals, languages did not significantly encourage fusion of socio-ethnic groups. Furthermore, among others, key factors of colorblindness (r = 0.52) (ideological condition that believe that culture has common origin “human beings” and common goals “satisfy human's needs and desires”; and so people everywhere can bridge cultural differentia) such as local business, heritage site, Lifestyle, security correlates. However, lifestyle and security mediates in certain domains of cultural consumption that evokes fear of cultural mixing and which does not absolutely change ethnic predominant cultural mindset. Key factors of polyculturalism (r = 0.79) (ideological condition with the believe that traditions and perspectives influence each other as cultural groups continually make contact and interact) such as awareness, values, friendliness and markets appeared significant in driving fusion. Multiculturalism (p < 0.05) offers high propensity to increasing preference for cultural fusion options through increasing concerns about the impurity from the mixing elements of different socio-ethnic grou

Measuring the contribution of specific cultural festival to growth of Nigeria’s GDP through average tourists spending

Tourists spending behaviours play major role in the potential of cultural festival to create forward linkage with other indicators of the gross domestic product (GDP).  This study focused on evaluating tourists spending behaviour on the different types of cultural festivals in Nigeria to determine their direct, indirect and induced effect on each naira of direct sales and number of jobs supported. A total of 9,984 respondents were surveyed across six states (1,664 in each state). We employed Stynes fairly complete micro-computer-based system for estimating economic impacts of recreation and tourism; and the money generating model (MGM) in the data analysis, to estimate the  direct and total sales, marginal earning on each naira (income) and employment effects of tourists’ spending on state and local government revenues. At α = 0.79 we found that earning on each naira of tourist spending at the Igue cultural festival Benin city, the Riye musical festival Abeokuta, the Ofala cultural festival Onitsha, Calabar carnival, Calabar, the Kwagh hir Masquerade festival Makurdi and the Arugungun fishing festival Gusau in that order added 61 kobo, 61 kobo, 62 kobo, 89 kobo, 30 kobo and 30kobo respectively in secondary effect or induced effect. In the same order, the multiplier effect of the spending supported 2 local jobs; 2,700 local jobs; 400 local jobs; 27,000 local jobs; 15 local jobs and 21,850 local jobs respectively in the respective states. The study recommends the need to measure tourists spending within well defined categories to identify not only the kinds of products and services being purchased and the types of businesses directly receiving these funds but to also identify the sectors receiving the spending. This is important as it ties changes in tourists spending to a regional economic model

Diversity Ideology: Cultural Festivals And Fusion of Diverse Socio-Ethnic Construct, Interest And Ethnic Cooperation

Cultural festivals as celebrated in Nigeria have enormous potential to drive fusion of diverse socio-ethnic construct. Our study focused on only three psychometric rationales or premise for evaluating common preference in cultural mixes. Fundamentally each ethnic group in Nigeria feels strong about the uniqueness of their culture. Distinct cultural traditions have been preserved and appreciated over history. We synthesized this construct at α = 0.05. Among others, key factors of multiculturalism (r = 0.39) (ideological condition that believe tradition must not be altered or acculturated) such as cuisines, costumes, rituals, languages did not significantly encourage fusion of socio-ethnic groups. Furthermore, among others, key factors of colorblindness (r = 0.52) (ideological condition that believe that culture has common origin “human beings” and common goals “satisfy human’s needs and desires”; and so people everywhere can bridge cultural differentia) such as local business, heritage site, Lifestyle, security correlates. However, lifestyle and security mediates in certain domains of cultural consumption that evokes fear of cultural mixing and which does not absolutely change ethnic predominant cultural mindset. Key factors of polyculturalism (r = 0.79) (ideological condition with the believe that traditions and perspectives influence each other as cultural groups continually make contact and interact) such as awareness, values, friendliness and markets appeared significant in driving fusion. Multiculturalism (p < 0.05) offers high propensity to increasing preference for cultural fusion options through increasing concerns about the impurity from the mixing elements of different socio-ethnic grou

Diversity Ideology: Cultural Festivals And Fusion of Diverse Socio-Ethnic Construct, Interest And Ethnic Cooperation

Cultural festivals as celebrated in Nigeria have enormous potential to drive fusion of diverse socio-ethnic construct. Our study focused on only three psychometric rationales or premise for evaluating common preference in cultural mixes. Fundamentally each ethnic group in Nigeria feels strong about the uniqueness of their culture. Distinct cultural traditions have been preserved and appreciated over history. We synthesized this construct at α = 0.05. Among others, key factors of multiculturalism (r = 0.39) (ideological condition that believe tradition must not be altered or acculturated) such as cuisines, costumes, rituals, languages did not significantly encourage fusion of socio-ethnic groups. Furthermore, among others, key factors of colorblindness (r = 0.52) (ideological condition that believe that culture has common origin “human beings” and common goals “satisfy human’s needs and desires”; and so people everywhere can bridge cultural differentia) such as local business, heritage site, Lifestyle, security correlates. However, lifestyle and security mediates in certain domains of cultural consumption that evokes fear of cultural mixing and which does not absolutely change ethnic predominant cultural mindset. Key factors of polyculturalism (r = 0.79) (ideological condition with the believe that traditions and perspectives influence each other as cultural groups continually make contact and interact) such as awareness, values, friendliness and markets appeared significant in driving fusion. Multiculturalism (p < 0.05) offers high propensity to increasing preference for cultural fusion options through increasing concerns about the impurity from the mixing elements of different socio-ethnic grou