Virtual Leadership and Organizational Efficiency of Multinational Oil and Gas Companies in Nigeria
Vol.6 Issue 3
This study examined the relationship between virtual leadership and efficiency of multinational oil and gas companies in Nigeria. The study adopted the cross-sectional survey in its investigation of the variables. Primary source of data was generated through structured questionnaire. The population of study was the five (5) multinational oil and gas companies in Nigeria with the entire population adopted as census. However, the respondents/ participants in the study were fifty managers of the five (5) multinational oil and gas companies in Nigeria. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient. The tests were carried out at a 0.05 significance level. Findings from the study revealed that there is a significant positive relationship between virtual leadership and efficiency of multinational oil and gas companies in Nigeria. Therefore, the study concludes that as multinational companies use virtual leadership, their level of time minimization, cost minimization and waste minimization are positively enhanced.
