1.0 Introduction
1.1 Background Of The Study
Scientist will say that the world has existed many millions of years. However, the world as a unit where several of it parts have come to have close contact and interaction with one another and to recorgnise themselves as sharing a common humanity. Globalisation reflects man’s common humanity, a desire to explore and break barriers and to conquer both territory and forces, and to constrain them.
TODAY, terms like “Colonization and imperialism” are no longer fashionable to deserve the extension of influence, power and dominance of a stronger nation over the weaker one(s) Globalisation and/or its sister concepts of villagisation and Universalism now seem more appropriate to describe the rather asymmetrical relationship between the developed and developing worlds. Sequel to development and reducing the world into a village thereby increasing efficiency and effectiveness in management. It is in fifteenth century with thw Portuguese, Spanish and the such voyages of discovery, a phenomenon that has come generally to be reffered to as globalisation.
However, globalisation was not handed down from heaven. It was not decreed by the pope, it did not emerge spontaneously. It was created by the dominant social forces in the world to serve an interest which could no longer be realised through colonisation as a result of the independence which was rather “awarded” to its beneficiaries (Akindele, 2002)
This study will sddress globalisation as a challenge, with potential for good and evil depending on policy responses and, at the cooperate level, a test of managerial leadership competencies. It is an assured fact that globalisation is irreversible.
1.2 Statement Of Problem.
Projection of globalisation as an average for Nigeria to overcome the developmental traps that kept it confined to a vicious circle of underdevelopment is in fact, contradictory. The reifies of globalisation on management have raised serious debts if these promises are attainable in this Nigeria setting. Rather than emphasized it, globalisation has jettisoned development in management sector.
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