Innovation

A study of Creativity, Innovation and Performance of the Hospitality and Tourism Industry in Ibadan, Oyo State, Nigeria (Published)

The study examined the relationship between creativity, innovation, and performance of the hospitality and tourism industry in Ibadan, Oyo State. Lack of imagination and innovativeness in the hotel and tourism sectors in Oyo State is one of the reasons why the state is failing to establish itself as a worldwide player in the hospitality and tourism industries. The study specifically examined the influence of organizational support on performance of hospitality and tourism industry; ascertained the influence of new customer-firm interface on performance of hospitality and tourism industry. Works on creativity, innovation and performance of the hospitality and tourism industry in Ibadan, were reviewed. Descriptive research design was employed as the research methodology. Taro Yamane sample size formula was used to determine the sample size of 89 out of 481 study population. The findings revealed that the adjusted R square is 68.2%, which is a higher rate which supports the hypotheses, as it says that 68.2% the dependent variable was accounted for. F test result is also within the acceptance region which is higher than 10 points. The β is within the acceptance region which is higher than the generally accepted region of 0.020 with hypothesis two having a stronger beta than hypothesis one meaning that customer-firm interface has a very significant relationship to performance of the tourism and hospitality sector. Therefore, the study recommends that an increase attention should be paid by both researchers and practitioners to the question of how hotels might become more innovative.

Keywords: Creativity, Innovation, Performance, hospitality and tourism industry

Emerging Innovations in Teaching Business Education for Sustainable Development (Published)

Innovative teaching method involves the use of digitals and ICT based tools in teaching and learning. The global technological revolution especially in the areas of business has prompted the need for business education instructional delivery to be technology base if the programme is to achieve its goal of sustainable socio-economic development. Hence, this paper examines emerging innovation in teaching methods in Business Education for sustainable development.  The paper also examines the need for the adoption of innovative teaching methods in business education and the challenges to effective utilization of this method in business education. Some recommendations among others were Educational institutions should adopt fully innovative teaching technologies in business education, educational institutions should regularly organize relevant training for lecturers to constantly update their knowledge and skills, training institutions should partner with private sectors to provide adequate pedagogical innovative technologies and stable power supply for lecturer and students and finally Government should increase grants given to educational institutions to enable them provide needed ICT technologies and other infrastructural facilities for effective training of students.

 

Keywords: Entrepreneurship, Innovation, Sustainable Development

Competitiveness Analytic of Nigeria and Singapore | National Productivity and Economy (Published)

Citation: Ayodele A. Otaiku (2022) Competitiveness Analytic of Nigeria and Singapore | National Productivity and Economy, European Journal of Business and Innovation Research, Vol.10, No.1, pp. 67-111

Abstract: Competition power of a country can simply be defined as the ability to compete relative to its rivals and where Singapore and Nigeria were case studies. The effective policies to increase the level of prosperity and how to translate information about specific strengths and weaknesses across the many factors that drive competitiveness was the crux of the study. The competitiveness analytic identify uncertainties (more raking competitiveness metrics); seek alternative framing of problems; build hybrids (objects such as indicators or policy formulation); and human capacity to link knowledge to action for national productivity and country’s share of world markets for its products and services, provide its residents with a rising standard of living and a high employment on a sustainable basis was the resultant impacts of competitiveness. Value results from a total effort, rather than from ‘one isolated step’ in the process for all indexes of competitiveness. Singapore had  better competitiveness index than Nigeria with global ranking as the most competitive nation in the world, 2020.The crux of 21^st century competitiveness ranking should focus on the unification of competitiveness indicators and the development of ‘integral competitiveness fundamentals  that, can capture the traditional and emerging indicators like ‘Climate changes’,‘Pollution’,‘Cyber security’ and ‘Hybrid warfare’ was accentuated as spatial polysingularity framework for the future study of competitiveness.

Keywords: Competitiveness, Development, Entrepreneurship, Innovation, Networking, Nigeria, Singapore, spatial polysingularity

Challenges and Potentiality of GCC Countries towards Achieving Sustainable Economic Growth: Analytical Framework (Published)

The paper provides an overview of the key challenges, which face GCC countries in their efforts to attain sustainable growth and development. Their capacity to diversify the economy outside the energy sector, youth unemployment and labour market imbalances represent good examples for these challenges. The paper shows the efforts made by GCC countries to diversify their economies and to have sustained growth. Achievements were not impressive in terms of innovation and human development but relative satisfactory performance is obtained in the domain of governance and infrastructure development. As a policy recommendation, the GCC countries need to adapt new diversification strategies by encouraging innovation and developing the skills of the human resources.

Keywords: Innovation, Oman, Sustainable Growth, labour market imbalances, oil

Challenges and Potentiality of GCC Countries towards Achieving Sustainable Economic Growth: Analytical Framework (Published)

The paper provides an overview of the key challenges, which face GCC countries in their efforts to attain sustainable growth and development. Their capacity to diversify the economy outside the energy sector, youth unemployment and labour market imbalances represent good examples for these challenges.The paper shows the efforts made by GCC countries to diversify their economies and to have sustained growth. Achievements were not impressive in terms of innovation and human development but relative satisfactory performance is obtained in the domain of governance and infrastructure development. As a policy recommendation, the GCC countries need to adapt new diversification strategies by encouraging innovation and developing the skills of the human resources.

Keywords: Innovation, Oman, Sustainable Growth, labour market imbalances, oil

Human Information Infrastructure and Administrative Efficiency (HIIAE) Of Selected Enterprises in the Civil Aviation Industry in the South-South, Nigeria (Published)

This paper examined how human infrastructure impacts on administration efficiency of aviation industry in Nigeria. In line with the purpose of this paper as stated, population of this study comprises of 80 senior and junior staff of the various ICT departments of four Airports operating in the South-South of Nigeria. The Taro-Yamene sample size determination formula was used to determine the sample size. The objective of this study is to assess the relationship between human infrastructure impacts on administration efficiency of aviation industry.  Questionnaires were the major instruments used in gathering primary data which were analyzed using regression analyses. The study found that aviation industry can achieve improvement along the terms of administration efficiency if the aviation industry is able to improve on their products and deliver on their service more effectively and efficiently base on the findings, we recommends that in order for firms to maintain their attractiveness in the industry, they must have be conscious what modern technology is available in the industry and apply same on their own business as this will help the in  expanding their market coverage with different products.

Keywords: Administration, Efficiency, Human, Infrastructure, Innovation, Service delivery

The Role of Cooperative Model as Moderation on Effect of Corporate Governance on Performance (Published)

The research objective analyzes the effect of corporate governance, entrepreneurship, and the culture of innovation on the performance that is moderated by the cooperative business model. The object of research in the small business (SMEs) in the Kenjeran tourist area of Surabaya in Indonesia. The research samples, of sixty-three  SME respondents from four types of businesses. Primary data were analyzed using structural equation modeling – partial least squares (SEM–PLS) software. The results showed that the cooperative business model strengthens the effect of entrepreneurship and a culture of innovation on performance. The effect of corporate governance is not directly on performance but through entrepreneurship. While the culture of innovation does not directly affect the performance of SMEs.

Keywords: Cooperation, Corporate Governance, Entrepreneurship, Innovation, Performance

Research and Innovation Strategies for Economic Competitiveness and Industrial Growth: Lessons for Nigeria (Published)

One of the leading unrealized opportunities in Nigerian industrial organizations is the full influence of research ideas and knowledge to transform business products and processes into long-term innovation. Business research and innovation contribute significantly to improvement in enterprise productivity and quality and in the integral components of business strategy and success. Drawing heavily from published literature, this paper highlights the enormous benefits of continual research and innovation on national economies, and proffers recommendations on how Nigeria could key into this concept to promote its economic competitiveness at the global level.

Keywords: Competitiveness Industrial Growth, Economic, Innovation, Nigeria, Research, Strategies.

Innovation Practices and obstacles in the Algerian Small and Medium Enterprises (Published)

This study aims to identify the innovation practices and obstacles in a sample of small and medium enterprises at the province of “Batna”, Algeria. The researcher has distributed 88 questionnaires to the individuals of the study’s sample: managers and their assistants, heads of departments. Eighty-two (82) questionnaires were restored, and after sorting them, it was observed that they are all valid for analysis. The researcher relied on the statistical software (SPSS) for data processing using percentages, arithmetic averages, standard deviations, one-way analysis of variance (one-way ANOVA) and simple regression. After a descriptive analysis of the study and testing hypotheses, and based on the obtained results, a set of recommendations were provided including:

• There is an important statistically significant effect of the dimensions of the supporting factors for innovation (the entrepreneur’s personal characteristics, information technology, human resources management and financing source) in the innovation types (product and production process).
• There is a statistically significant positive relationship between innovation obstacles and the types of achieved innovation.
• The respondents’ perceptions of the innovation outputs level moderately  
• There is a low correlation between chronological age, the number of the products of the enterprises under study and the types of innovation, while the correlation was high with the industrial sector.

Keywords: Algerian small and medium enterprises, Innovation, Product, production process

IMPACT OF INNOVATIONS ON CONSUMERS’ BEHAVIOUR: A CASE STUDY OF PAK ELECTRON LIMITED (Published)

Innovations play a key role in changing behavior, purchasing habits and improving living standard of customers. In this era of stiff competition, innovation is the only toil through which business firms do not only fight a war of survival but also obtain competitive advantage. This is the reason that business firms particularly high-tech companies spend billions of dollars every years on research and development (R&D) and development of new products and services keeping in view the changing needs and demand of the customers. The objective of this study is to investigate how innovation affects the behavior of customers and which factors motivate the customers to adapt innovation. Main research question of this study is to measure the impact of innovation on consumer behavior with special reference to electronic industry. We have taken Pak Electron Company Ltd, which is a market leader in Pakistan and manufacturing different electronic products and marketing them since 1956. In order to measure the behavior of consumer towards innovation products we have taken a sample of 200 male & female customers between the ages of 18-65 years. The data which was primary in nature, was collected through field survey and a questionnaire was structured for this purpose. Face to face interviews were conducted. A standard likert scale was used to analyze data. This scale is commonly used for analysis in qualitative studies. S-Curve model was used to measure the innovations made or introduced by Pak Electronics Ltd in collaboration with other leading electronic companies of the world. Our study evidence prove that the effect of innovations are significant on the behavior of customers and 75% of respondents endorsed that innovative electronic products attracted and have brought positive change in their behavior and living standards.

Keywords: Customer behavior, Innovation, R&D, S-curve, purchasing intention