Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria

Emmanuel Adeola Olayinka; Abiodun Isaac Oyebola; Emmanuel Makanjuola Ogunjemilua; Titilayo Olubunmi Olaposi

doi:doi:10.11648/j.ajetm.20230804.11

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Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria

Emmanuel Adeola Olayinka, Abiodun Isaac Oyebola, Emmanuel Makanjuola Ogunjemilua^*, Titilayo Olubunmi Olaposi

Published in American Journal of Engineering and Technology Management (Volume 8, Issue 4)

Received: 2 October 2023 Accepted: 23 October 2023 Published: 11 November 2023

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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.

Published in	American Journal of Engineering and Technology Management (Volume 8, Issue 4)
DOI	10.11648/j.ajetm.20230804.11
Page(s)	41-50
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Innovation Capability, Flour Processing Firms, Nigeria

References

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APA Style

Olayinka, E. A., Oyebola, A. I., Ogunjemilua, E. M., Olaposi, T. O. (2023). Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria. American Journal of Engineering and Technology Management, 8(4), 41-50. https://doi.org/10.11648/j.ajetm.20230804.11

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ACS Style

Olayinka, E. A.; Oyebola, A. I.; Ogunjemilua, E. M.; Olaposi, T. O. Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria. Am. J. Eng. Technol. Manag. 2023, 8(4), 41-50. doi: 10.11648/j.ajetm.20230804.11

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AMA Style

Olayinka EA, Oyebola AI, Ogunjemilua EM, Olaposi TO. Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria. Am J Eng Technol Manag. 2023;8(4):41-50. doi: 10.11648/j.ajetm.20230804.11

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@article{10.11648/j.ajetm.20230804.11,
  author = {Emmanuel Adeola Olayinka and Abiodun Isaac Oyebola and Emmanuel Makanjuola Ogunjemilua and Titilayo Olubunmi Olaposi},
  title = {Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria},
  journal = {American Journal of Engineering and Technology Management},
  volume = {8},
  number = {4},
  pages = {41-50},
  doi = {10.11648/j.ajetm.20230804.11},
  url = {https://doi.org/10.11648/j.ajetm.20230804.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajetm.20230804.11},
  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.
},
 year = {2023}
}

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TY  - JOUR
T1  - Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria
AU  - Emmanuel Adeola Olayinka
AU  - Abiodun Isaac Oyebola
AU  - Emmanuel Makanjuola Ogunjemilua
AU  - Titilayo Olubunmi Olaposi
Y1  - 2023/11/11
PY  - 2023
N1  - https://doi.org/10.11648/j.ajetm.20230804.11
DO  - 10.11648/j.ajetm.20230804.11
T2  - American Journal of Engineering and Technology Management
JF  - American Journal of Engineering and Technology Management
JO  - American Journal of Engineering and Technology Management
SP  - 41
EP  - 50
PB  - Science Publishing Group
SN  - 2575-1441
UR  - https://doi.org/10.11648/j.ajetm.20230804.11
AB  - 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.

VL  - 8
IS  - 4
ER  -

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Author Information

Emmanuel Adeola Olayinka

African Institute for Science Policy and Innovation, Obafemi Awolowo University, Ile-Ife, Nigeria
Abiodun Isaac Oyebola

African Institute for Science Policy and Innovation, Obafemi Awolowo University, Ile-Ife, Nigeria
Emmanuel Makanjuola Ogunjemilua

Department of Entrepreneurship, Joseph Ayo Babalola University, Ikeji-Arakeji, Nigeria

Contact Email
Titilayo Olubunmi Olaposi

African Institute for Science Policy and Innovation, Obafemi Awolowo University, Ile-Ife, Nigeria

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APA Style

Olayinka, E. A., Oyebola, A. I., Ogunjemilua, E. M., Olaposi, T. O. (2023). Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria. American Journal of Engineering and Technology Management, 8(4), 41-50. https://doi.org/10.11648/j.ajetm.20230804.11

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ACS Style

Olayinka, E. A.; Oyebola, A. I.; Ogunjemilua, E. M.; Olaposi, T. O. Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria. Am. J. Eng. Technol. Manag. 2023, 8(4), 41-50. doi: 10.11648/j.ajetm.20230804.11

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AMA Style

Olayinka EA, Oyebola AI, Ogunjemilua EM, Olaposi TO. Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria. Am J Eng Technol Manag. 2023;8(4):41-50. doi: 10.11648/j.ajetm.20230804.11

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@article{10.11648/j.ajetm.20230804.11,
  author = {Emmanuel Adeola Olayinka and Abiodun Isaac Oyebola and Emmanuel Makanjuola Ogunjemilua and Titilayo Olubunmi Olaposi},
  title = {Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria},
  journal = {American Journal of Engineering and Technology Management},
  volume = {8},
  number = {4},
  pages = {41-50},
  doi = {10.11648/j.ajetm.20230804.11},
  url = {https://doi.org/10.11648/j.ajetm.20230804.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajetm.20230804.11},
  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.
},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Factors Influencing Innovation Capability of Flour Processing Firms in Southwest, Nigeria
AU  - Emmanuel Adeola Olayinka
AU  - Abiodun Isaac Oyebola
AU  - Emmanuel Makanjuola Ogunjemilua
AU  - Titilayo Olubunmi Olaposi
Y1  - 2023/11/11
PY  - 2023
N1  - https://doi.org/10.11648/j.ajetm.20230804.11
DO  - 10.11648/j.ajetm.20230804.11
T2  - American Journal of Engineering and Technology Management
JF  - American Journal of Engineering and Technology Management
JO  - American Journal of Engineering and Technology Management
SP  - 41
EP  - 50
PB  - Science Publishing Group
SN  - 2575-1441
UR  - https://doi.org/10.11648/j.ajetm.20230804.11
AB  - 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.

VL  - 8
IS  - 4
ER  -

Copy | Download