Artificial Intelligence and Strategic Decision-Making: Economic and Regulatory Implications in Emerging Nigerian Firms
Sr No:
Page No:
19-27
Language:
English
Authors:
Obi Martins Okwudiri*, Nwagbala Stella Chinelo Ph.D, Okafor Ifeoma Pethronila Ph.D
Received:
2025-08-21
Accepted:
2025-09-07
Published Date:
2025-09-11
Abstract:
Due to a lack of training or trust in machine-assisted decision-making systems
management staff, in particular, often find it difficult to translate AI-generated insights into
strategic actions. This study explores Artificial Intelligence (AI) in enhancing strategic decisionmaking among management staff in selected firms in Delta State, Nigeria. Specifically, it
investigates how predictive analytics influences competitive intelligence and how natural
language processing (NLP) affects market analysis capabilities. Adopting a descriptive survey
design, data were collected through structured questionnaires administered to 55 managementlevel staff across three firms, with 51 valid responses analysed. Descriptive statistics and Pearson
Product-Moment Correlation Coefficient (PPMCC), executed using SPSS (Version 27), were
used to evaluate relationships between the variables at a 5% significance level. Findings reveal a
statistically significant, strong positive correlation between predictive analytics and competitive
intelligence (r = 0.578, p < .001), and similarly between natural language processing and market
analysis (r = 0.568, p < .001). These results underscore AI’s capacity to accelerate decisionmaking, improve analytical precision, and generate data-driven insights that align with the
Knowledge-Based View (KBV) of the firm. The study concludes that AI technologies, when
integrated strategically, can significantly elevate organizational performance. Recommendations
include greater investment in diverse AI tools, implementation of ongoing staff training, and
development of a cohesive AI infrastructure to optimize strategic decision-making outcomes.
Keywords:
Artificial Intelligence, Strategic decision making, Market Analysis, Competitive Intelligence, Natural Language Processing, Predictive Analytics in firms.