IMPACT OF GLOBALIZATION ON MANAGEMENT DECISION MAKING IN AN ORGANIZATION
Abstract
ABSTRACT
Globalization significantly influences management decision-making in organizations by introducing new technologies, global competition, and diverse regulatory frameworks. For Ibadan Distribution Electricity Company (IBDEC), operating in a rapidly changing energy sector, effective decision-making is crucial to sustain performance, meet customer expectations, and comply with both national and international standards. This study examines how globalization impacts IBDEC's decision-making processes, focusing on how the company responds to competitive pressures, technological advancements, and regulatory challenges. Through the analysis of primary data collected from IBDEC staff, the study identifies the opportunities and challenges globalization presents. The findings show that while globalization enhances innovation and operational efficiency, it also creates challenges. including the need for stronger compliance mechanisms and strategic planning. Recommendations are provided for IBDEC to improve decision-making by leveraging global best practices and strengthening its preparedness for future challenges.
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