The Impact of Knowledge Management on Product Innovation of Manufacturing Firms in Nigeria
Sylva, W.; Ofoegbu, W. and Akpan, E. E. (2016). The Impact of Knowledge Management on Product Innovation in Manufacturing Firms in Nigeria.
10 Pages Posted: 27 Jul 2016
Date Written: June 31, 2016
This study investigated the impact of knowledge Management on Product Innovation of Manufacturing firms in Nigeria. A sample size of 95 was determined from a population of 125 employees selected from 5 manufacturing firms in Port Harcourt. 70 copies of the questionnaire were appropriately filled and data was analyzed using Standard Multiple Regression with the aid of SPSS version 21. The findings showed that all the dimensions of Knowledge Management influenced Product Innovation of the firms. However, it was revealed that knowledge acquisition has the most impact on product innovation. It was therefore recommended that management of these firms should take practical steps to acquire the right blend of knowledge workers so as to enhance efficiency of their production through innovativeness. Likewise, the recruitment process of potential employees should be based on competence and credibility of the candidates.
Keywords: Knowledge Management, Product Innovation, Knowledge Acquisition, Knowledge Conversion, Knowledge Application.
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