Tag Archives: Product Innovation

Business Innovation and Organizational Sustainability: A Cross Sectional Study of Entrepreneurial Business in Uyo Metropolis (Published)

This research was designed to examine the relationship between business innovation on organizational sustainability in Nigeria. Survey research design was adopted for the study and a sample size of 196 entrepreneurs was drawn for the study. For the objective of the study to be achieved, three hypotheses were formulated. The major instrument for data collection was a structured questionnaire administered to the respondent using purposive sampling techniques. Data collected were analysed using simple percentage and Pearson Product Moment Correlation. Results show that there is a significant correlation between variables of business innovation such as product innovation, process innovation and marketing innovation and organizational sustainability variables of environmental, social and economic sustainability among entrepreneurs in Akwa Ibom State. Consequently, it is recommended first to business consultant, data on the use of innovations by final consumers is of value to business managers and policy makers. Secondly, to the government, technological developments such as the Internet, 3-D printing and crowdfunding platforms can potentially support the innovation activities of individuals, although technical and commercial success is likely to result in a transition from the Household to the Business sector.

Citation: Ukpong, Akon Mfon, Kingsley Lazarus Uwa, Uforo Akpan Ekanem (2022) Business Innovation and Organizational Sustainability: A Cross Sectional Study of Entrepreneurial Business in Uyo Metropolis, European Journal of Business and Innovation Research, Vol.10, No.4, pp. 74-93

Keywords: Product Innovation, business innovation, organizational sustainability, process innovation and marketing innovation.

Human Capital Development and Organizational Innovation in Nigerian Banks (Published)

The study investigated the relationship between human capital development and organizational innovation in Nigerian banks. The objectives of the study was to ascertain the extent to which human capital development impacts on organizational innovation measures such as product, process and market innovation. A cross-sectional survey was conducted on 217 top and middle level management staff of 17 identified banks in Rivers, Bayelsa and Delta state, using purposive sampling. Descriptive data were generated from the questionnaire and the Spearman’s Rank Order Correlation Coefficient was deployed to test the hypotheses, aided by the Statistical Package for Social Sciences version 22. Results indicated a positive and significant relationship between human capital development and organizational innovation. Thus, findings revealed that higher levels of human capital development are associated with increase in organizational innovation. Based on the findings, it was concluded that Nigerian banks will harvest innovation benefits if they develop their human capital. This study therefore recommends that organizations should invest in human capital development programs.

Keywords: Human Capital Development, Product Innovation, organizational innovation, process innovation and market innovation.

EXPLORING THE IMPACT OF PRODUCT AND PROCESS INNOVATIONS ON FIRM SECTOR, OWNERSHIP TYPE, SIZE AND ACTIVITY PERFORMED (Published)

This study was carried out to assess the impact of firm’s demographic information on their perception about product and process innovation. Four demographic variables, namely: sector, type of ownership, company size, and main activity of the firms were chosen as predictors, and their relationship with the two dependent variables: product and process innovations were studied. A total of eight hypotheses were formulated, linking each predictor to both dependent variables, individually. Based on the questionnaire designed, the questions were aimed at determining firms’ perceptions towards product and process innovations in their firms. A simple random sampling was employed to choose firms within the manufacturing and service sector from SMEcorps Malaysia data based, and contact was established via survey to all the selected firms. The data collected was processed using SPSS and analyzed through One-Sample T-test and ANOVA. It was seen that none of the predictors caused a significant variation in SMEs firm perceptions with respect to the firm’s responses on the demographic variables of the firm.

Keywords: Firms Perception, Process Innovation, Product Innovation, Small and Medium Scale Enterprises (SMEs)

PRODUCT INNOVATION STRATEGIES AMONG BANKS IN ELDORET MUNICIPALITY, KENYA (Published)

The study aimed at assessing the product innovation strategies adopted by banking industry in Eldoret, Kenya. The study was guided by the following two objectives; to assess product innovation strategies employed by banks in Eldoret, to establish the relationship between product innovation and growth of banks and to find out the challenges of product innovation strategies implementation and improvement. The study employed a survey research design of 25 banks within Eldoret municipality and targeted the branch managers and the employees in the banks who are 578. A total sample size of 191 respondents was therefore employed in the study. The study employed purposive sampling in selecting the branch managers and stratified sampling in selecting the employees. A questionnaire was used as the main data collection instrument. Descriptive and inferential statistics were both used to analyse and interpret the data. The study found out that market surveys and customers’ feedbacks had effect on product innovation strategies. The study concluded that to a large extent banks innovate new products leading to new customers (new markets). The study recommended that apart from continuous improvement of existing products, it is the responsibility of the banks to come up with new products and services to suit their target market rather than being an adopter of innovation

Keywords: Bank, Eldoret Municipality, Product Innovation, Strategy

Exploring the Impact of Product and Process Innovations on Firm Sector, Ownership Type, Size and Activity Performed (Review Completed - Accepted)

This study was carried out to assess the impact of firm’s demographic information on their perception about product and process innovation. Four demographic variables, namely: sector, type of ownership, company size, and main activity of the firms were chosen as predictors, and their relationship with the two dependent variables: product and process innovations were studied. A total of eight hypotheses were formulated, linking each predictor to both dependent variables, individually. Based on the questionnaire designed, the questions were aimed at determining firms’ perceptions towards product and process innovations in their firms. Asimple random sampling was employed to choose firms within the manufacturing and service sector from SMEcorps Malaysia data based, and contact was established via survey to all the selected firms. The data collected was processed using SPSS and analyzed through One-Sample T-test and ANOVA. It was seen that none of the predictors caused a significant variation in SMEs firm perceptions with respect to the firm’s responses on the demographic variables of the firm.

Keywords: Firms Perception, Process Innovation, Product Innovation, Small and Medium Scale Enterprises (SMEs)