Description : Nigeria has a bold national vision of becoming one of the world s top 20 economies by 2020. However, despite being the 8th most populous country in the world, it ranks 41st in terms of GDP and 161st in terms of GDP per capita. Nigeria has long depended on oil for its exports and government revenues. This dependence has led to rent seeking and a reluctance to examine potential avenues for economic diversification. The authors of 'Knowledge, Productivity, and Innovation in Nigeria' believe that the goal of becoming a top-twenty economy can only be achieved if Nigeria makes the transition to a new economy rooted in the 21st century that harnesses the power of knowledge and avoids a static oil-based growth strategy. Knowledge has always been central to development, but new technologies have made it globally accessible. Countries such as the Republic of South Korea, India, and the United States that have exploited new technologies and know-how have pushed their innovation and productivity frontiers. Countries that have failed to do so risk remaining mired in poverty. In order to achieve Vision 2020, Nigeria must move beyond the stop-start patterns of oil-based development that have characterized it since independence. It must create a stable and prosperous economy based on a critical mass of knowledge workers. Knowledge, Productivity, and Innovation in Nigeria examines how Nigeria can prepare for this century and where its leaders can focus to achieve their vision, presenting the experiences of other countries from which Nigeria can learn.
Description : This book combines theoretical perspectives and empirical evidence on open innovation and entrepreneurship as two essential ways to help entrepreneurial businesses grow and achieve a competitive advantage. Discussing essential issues at the nexus of entrepreneurship and open innovation, such as enterprise growth, creating competitive advantage, implementation of open innovation, and the overall corporate strategy, the respective contributions demonstrate how open innovation can provide a vital impetus to the growth of entrepreneurial businesses and pave a new way to achieving a competitive edge.
Description : The most popularised concept in the economics of innovation literature has been the national system of innovation (NSI). It was in the late 1980s that the concept that Frederik List coined as the 'National Political Economy of Production' took off again with different thinkers writing about the peculiarities and distinctions of the Japanese, American, British, German, East Asian Tigers and other varieties of system construction. Freeman defines National System of Innovation as 'the network of institutions in the public and private sectors whose activities and interactions initiate, import, modify and diff use new technologies.' Richard Nelson defines it as 'a set of institutions whose interactions determine the innovative performance of national firms. Lundvall defines the system of innovation as the 'elements and relationships which interact in the production, diffusion and use of new and economically useful knowledge and are either located within or rooted inside the borders of a nation state.' The normative assumption is that those nations that succeeded in building economic strength relied on the science, engineering, technology and innovation capability that made them to achieve an innovation advantage to put them ahead in the world, acquiring national or regional economic leadership as the case may be depending on what level of analyses is selected to look at particular failure, success or progress they made. In this volume we have a glimpse of how in different African economies from Ghana, Uganda, Kenya, South Africa and Nigeria specific cases have been taken to explore how systems of innovation is evolving.
Description : This Research Handbook offers contextualized perspectives on entrepreneurship in emerging economies. Emphasizing how national context profoundly shapes incentives for entrepreneurial efforts, chapters dissect the opportunities emerging from various institutions and social practices from the Middle East, North and Sub-Saharan Africa, Asia and Latin America. This Handbook is an ideal guide for researchers working on emerging economies, particularly those with an interest in global entrepreneurship.
Description : Scientific Essay from the year 2017 in the subject Business economics - Personnel and Organisation, grade: A.1, , language: English, abstract: Poor organisational and institutional cum administrative performance and productivity in Nigeria and most developing nations are the manifesting implications of low staff training therein. This study scholarly explores staff (re)training as a tool for administrative efficiency and productivity, highlighting the implications of poor/inconsequential staff training. The study reveals that while staff (re)training is almost absent– very low– in Nigerian public sector, the private sector has lowly appreciable performance in it, though only but a few, particularly the multi-national firms alone, do so. In public institutions, the supposed funds for staff (re)training are diverted by top management officials for personal aggrandisement, besides the low budget for it. Most private firms economise their funds, if they bid staff training, focusing more on profit maximisation and most often over load their staffs, even with duties outside their professional knowledge and competence. Consequently, there are extreme poor staff performance, administrative lapses and low organisational productivity. The paper submits that (effective) staff (re)training is an invaluable tool for administrative efficiency both in Nigeria and other parts of the globe, as obtains elsewhere and proven by the findings of this study. It recommends that both public and private firms/institutions in Nigeria should take staff training and retraining very serious in their administrative policies so as to appropriately tap from its huge potentials. It was done using survey method, qualitative approach, simple percentage, content-analysis, non/participant observation and relevant library textual materials, following its nature, scope and pursuit.
Description : Addressing the issues that will be central to Africa’s various attempts to effectively manage knowledge and innovation for sustainable business management, this edited book makes a timely contribution to research on business in Africa. Coinciding with the recently launched Science, Technology and Innovation Strategy for Africa 2024 (STISA-2024) by the African Union (AU), which emphasises the critical role of science, technology and innovation for Africa’s socio-economic development and growth, the book echoes these themes with a multi-disciplinary and multi-sectoral approach to knowledge and innovation management in Africa. Also containing case studies relating to various growing collaborations between education and research institutions, private and public entities as well as commercialisation of research and innovation outputs, Managing Knowledge and Innovation for Business Sustainability in Africa covers the key themes to provide an enabling environment for STI development in the African content.