Indigenous Entrepreneurs and Battle for Competitive Edge with Multinational Corporations in Nigeria

Abstract

This paper examines the plight of indigenous entrepreneurs and their battle for competitive edge with the Multinational Corporations in Nigeria. The research method is qualitative and analytical relying on previous scholarly works on this subject. The sourced data were analysed using critical discourse analysis. The authors found modernity theory most appropriate to underpin this study. The finding indicates that indigenous entrepreneurs lost competitive edge because of unequal balance of power with MNCs linked to lack of advanced technologies, poor managerial knowledge, low international social networks and inadequate institutional support from the government. The paper concludes that for indigenous entrepreneurs to regain its competitive edge with MNCs, the issues of advanced technologies, managerial knowledge, international social networks and institutional support must be addressed by the policymakers. Classification-JEL: Keywords: Competitive Edge; Indigenous Entrepreneurs; Multinational Corporations