NEXUS OF BORN GLOBAL ENTREPRENEURSHIP FIRMS AND ECONOMIC DEVELOPMENT IN NIGERIA
NEXUS OF BORN GLOBAL ENTREPRENEURSHIP FIRMS AND ECONOMIC DEVELOPMENT IN NIGERIA

Summary/Abstract: Born Global entrepreneurship firms have gained a substantial essential foundation of international knowledge and experience as typically considered by traditional multinational enterprises (MNEs). In this sense, the traditional views regarding a corporate internationalisation are being challenged by Born Globals. The word "born global," has been used to refer to firms that successfully contributed to international business through their export of products and services consistently. The objectives of the study are to assess educational initiatives program of born global firms with respect to human capital and also the relationship between social welfare and social capital. Some organization and corporate management believes that the development of the community they operate may sometimes aggravate overhead costs resulting in excess of financial liabilities for the enterprise and often does not provide basis for corporate social responsibilities in the environment of business operations. The population of this study included all employees of qualified firms in the category of born global firms operating in Nigeria with respect to Tecno mobile company and Jumia Nigeria limited which operate in Lagos State, Nigeria. The sample consists of three hundred and sixty (360) employees. The results of this study are consistent with the opinion that improvement of people's social welfare can also contribute to the improvement of social capital. In conclusion, the study recommends that; Government should encourage born global firms to improve communal development in the country by providing enabling environment for their operations.

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