STRATEGIC ALLIANCES AND ORGANISATIONAL GROWTH OF MULTINATIONAL OIL AND GAS FIRMS RIVERS STATE
Abstract
This study examined the relationship between strategic alliances and the organisational growth of multi-national oil and gas firms in Rivers State. This study adopted a correlational research design. The population of the study consisted of 10 multinational companies operating in Rivers State as retrieved from Nigerian business directory search engine. The study adopted a census study, 3 respondents were selected from each firm multiplied by 10 firms give us a total of 30 respondents. Structured questionnaire instrument title” strategic alliances and performance questionnaire was developed on five point likert scale. The result of the Cronbach's Alpha reliability test indicates .800 which is above .70 which implies that the items are reliable. Pearson product moment correlation was used to test the hypotheses using SPSS (statistical package social sciences). The study revealed that there is a significance relationship between strategic intent and revenue growth of multi-national oil and gas firms in Rivers State. There is a significance relationship between formal contracts and increased workforce of multi-national oil and gas firms in Rivers State. There is a significance relationship between long-term sustainability and market expansion of multi-national oil and gas firms in Rivers State The study concluded that strategic alliances play a pivotal role in driving organisational growth among multinational oil and gas firms in Rivers State. The significant correlation observed suggests that such alliances enhance operational efficiency, resource sharing, and market expansion, ultimately contributing to sustained corporate development in the sector. The study recommended management of multi-national oil and gas firms should enhance their strategic intent by aligning organizational vision and long-term objectives with dynamic market conditions, enabling proactive decision-making that drives consistent revenue growth.
