EFFECT OF KNOWLEDGE MANAGEMENT ON THE INNOVATION IN IBETO MAN-UFACTURING INDUSTRY, NNEWI

Abstract

The inability to properly create, share and apply knowledge strategies to give the organization a preferred image has been a problem in industries today. The manufacturing industries in Nigeria are faced with challenges because of unsatisfactory management of knowledge within the organization. This study investigated the effect of knowledge management on the Innovation in Ibeto manufacturing Industry, Nnewi. The study adopted the descriptive survey design. The population of the study was 35 selected senior employees from different units of the firm under study. The instrument used for data collection was a questionnaire. Simple linear regression and Pearson’s product moment correlation were used to analyze the research hypotheses. Owing to the fact that the population of the study was small, the researcher decided to use the entire population as the sample size. The findings revealed that knowledge sharing has a significant effect on the innovation in Ibeto manufacturing Industry and also knowledge application has a significant effect on the innovation in Ibeto manufacturing Industry, Nnewi. The study therefore recommended that an effective knowledge sharing should be employed in Ibeto Manufacturing Industry to ensure that relevant knowledge management that will boost organizational innovation is propagated. Also, the knowledge application should be a watchword in Ibeto Manufacturing Industry, when a firm acquires new knowledge regarding the customers’ needs and responds immediately to that information, it boosts customer retention, sales and profits.