Concentric Growth Options and Corporate Resilience in Multinational Oil and Gas Firms in South-South, Nigeria
Vol.6 Issue 3
This study examined the relationship between Concentric Growth Option and Corporate Resilience of Multinational Oil and Gas firms in South-South of Nigeria. Data for the study was generated using the questionnaire from 93 units from five multinational oil and gas firms in the South-South of Nigeria. Validity test for the instrument was carried out using the construct validity (convergent and discriminant) while the Cronbach alpha was adopted in the assessment for the reliability for the instruments. Data at the univariate stage was analysed using the mode and mean central tendencies, at the bivariate stage it was analysed using the Spearman’s rank order correlation coefficient. The result for the test revealed significant relations between the concentric growth options and corporate resilience; hence, all related null bivariate hypotheses were rejected. It was concluded that actions concerned with driving and increasing the organizational alternatives in terms of growth through concentric growth option – drives and strengthens the organizations level of robustness, flexibility and agility; thus contributing to outcomes of corporate resilience. It was therefore recommended that to thrive, the management of the Multinational oil and gas firms must focus on creating and advancing growth options – ensuring the required operational architecture is in place and in support of its goals.
