The Relevance of Management Theories and Philosophy to Contemporary Managerial Issues in Nigeria
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Abstract
This study is on the relevance of Management theories and philosophy to contemporary Managerial issues in Nigeria. The study is motivated by the need to find out how management theories and principles can be used to solve some of the contending problems confronting managers both in public and private sectors in Nigeria. The study made use of primary data sourced from 220 respondents through administering of questionnaire. Their responses were tested using appropriate statistical tools like the simple percentage and the Chi-square research techniques; our study revealed that Management theories and philosophy are relevant to contemporary Managerial issues in Nigeria but it has not impacted on the Nigerian managers given the spate of embezzlement and corrupt practices by managers in the Nigerian system. Therefore, the study recommended the need for constant training and retraining for managers in Nigeria especially by multi-nationals that trade within the Nigerian borders.
Keywords
Management thought, Management philosophy, Managerial issues, Multi-nationals, Statistical tools
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