Research Article
Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria
Emmanuel Adeola Olayinka,
Abiodun Isaac Oyebola,
Emmanuel Makanjuola Ogunjemilua*,
Titilayo Olubunmi Olaposi
Issue:
Volume 8, Issue 4, August 2023
Pages:
41-50
Received:
2 October 2023
Accepted:
23 October 2023
Published:
11 November 2023
Abstract: This study contributes to innovation studies by examining the factors influencing the innovation capability of flour processing firms in Southwestern Nigeria. Five flour processing firms were randomly selected from twenty-two flour processing firms in Nigeria. Questionnaire was administered purposively by research assistants on twelve key informant employees that are of high cadre and twenty-four low cadre employees from each of the selected firms making 180 respondents in total. We analyses data collected with appropriate descriptive and inferential statistics. The findings show that about 52% of variation in innovation capability was explained by the extracted factors (customer satisfaction and cost of production, inconsistent government policy, price of power supply is high (electricity), poor infrastructure and inadequate knowledge of supply chain management). It has been seen that the level of innovation capability is high. It has also been seen that the relationship between the five extracted barrier factors (index factors) and innovation capability of flour processing firms is statistically significant (F = 37.933; p = 0.000). The result shows that the index factors are significantly influencing innovation capability of flour processing firms in Southwestern Nigeria. Therefore, to improve innovation capability in the flour processing industry, the extracted factors have to be prioritized and put into consideration. Although, innovation capability has been a highly studied topic in the field of innovation and entrepreneurship, however, there is dearth of information on the factors influencing the extents of innovative capability of flour processing firms in Southwestern Nigeria.
Abstract: This study contributes to innovation studies by examining the factors influencing the innovation capability of flour processing firms in Southwestern Nigeria. Five flour processing firms were randomly selected from twenty-two flour processing firms in Nigeria. Questionnaire was administered purposively by research assistants on twelve key informant...
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