Change Management in the Period of Economic Recession: A Case of Nigeria Business Sectors

E.A. Dangana Ph.D, Iliya Bawa

Abstract


Business environment across the globe has become increasingly volatile and constantly changing in the last few decades. The economic recession being witnessed by Nigeria in recent times stems from the turmoil in global commodity market in 2014 which brought their full weight to bear on the Nigeria economy in 2015. As a result of these crises, business sectors which serve as the engine that drive the growth of Nigeria economy have failed. The study examined the effect of economic recession on Nigeria business sectors. The study adapt a qualitative content analysis, this method allowed the researchers to manipulate documents and develops themes relevant to economic recession and change management. It was recommended that managers of business sectors should demonstrate strong leadership role throughout the organization by spreading leadership and decision-making responsibilities in order to inspire and motivate employees to play an active role in implementing change.


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