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.
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 21st 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.
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.
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.
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.
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.
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.
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.
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.
MARKETING PRACTICES OF SMALL & MEDIUM SIZE ENTERPRISES: A CASE STUDY OF SME’S IN MULTAN DISTRICT (Published)
Small and Medium Size Enterprises are the backbone of every major economy and empirical studies prove that small firms are more efficient and innovative in their operation, product development and marketing strategies. The objective of this research study is to analyze marketing practices (strategies) of Small and Medium Size Enterprises running entrepreneurs in Multan.This study is qualitative in nature in which we have studied the major characteristics of selected Small and Medium Size Enterprises. Primary Data was collected through a structured questionnaire by having interviews with the entrepreneurs. At least thirteen Small Medium Size Enterprises operating in Multan District were selected as a sample of study and a formal questionnaire was prepared. A field survey method was applied and faced to faced interviews were recorded to analyze the marketing strategies of SME’s. The evidences show that SME’s under study achieved success and established their names and brands through innovations. Their innovations were in the shape of unique designs that not only meet the need of customers. Their services are innovative in a sense that they satisfy the customers. Thus our consistent with previous studies which pinpoint that small medium enterprise are innovative and more efficient than large firms.