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Investment, Marketing and Linkage Capabilities in the Nigerian Furniture Industry
The paper assessed the level of Technological capabilities in the furniture making industry in southwestern Nigeria. This was with a view to recommending policy measures to enhance the technological capabilities of the furniture makers. The research covered Lagos, Oyo, Ondo and Ekiti States because of the predominance of the industry in these selected locations. The sample population consisted of 319 furniture makers. The research instrument used was questionnaire, approach. The questionnaire was administered to furniture makers and elicited information on bio-data of the respondents and technological capabilities possessed by them. Both descriptive and inferential statistical techniques were employed for data analysis. The result shows that majority (61.1%) of the furniture makers expended between N10,710 and N214,880 in setting up their workshops, while 18.2% of the furniture makers spent between N215,050 and N537,880 to set up their workshops. This shows that investment capability of the industry was very low. The sources of investment of the industry were mainly from personal savings (74.9%) and family input (18.8%). The furniture makers had strong linkages with customers (4.25), and raw material suppliers (4.03), and weak linkage with their association (3.9) and little or no linkage with tertiary institutions like Universities, research institutes, Polytechnics among others. Keywords: Technology, technological capabilities, furniture industry, marketing capability.
Investment, Marketing and Linkage Capabilities in the Nigerian Furniture Industry
The paper assessed the level of Technological capabilities in the furniture making industry in southwestern Nigeria. This was with a view to recommending policy measures to enhance the technological capabilities of the furniture makers. The research covered Lagos, Oyo, Ondo and Ekiti States because of the predominance of the industry in these selected locations. The sample population consisted of 319 furniture makers. The research instrument used was questionnaire, approach. The questionnaire was administered to furniture makers and elicited information on bio-data of the respondents and technological capabilities possessed by them. Both descriptive and inferential statistical techniques were employed for data analysis. The result shows that majority (61.1%) of the furniture makers expended between N10,710 and N214,880 in setting up their workshops, while 18.2% of the furniture makers spent between N215,050 and N537,880 to set up their workshops. This shows that investment capability of the industry was very low. The sources of investment of the industry were mainly from personal savings (74.9%) and family input (18.8%). The furniture makers had strong linkages with customers (4.25), and raw material suppliers (4.03), and weak linkage with their association (3.9) and little or no linkage with tertiary institutions like Universities, research institutes, Polytechnics among others. Keywords: Technology, technological capabilities, furniture industry, marketing capability.
Investment, Marketing and Linkage Capabilities in the Nigerian Furniture Industry
OBEMBE, J J (Autor:in)
10.03.2016
Journal of Sustainable Technology; Volume 5 number 2 2014; 33-39
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
DDC:
690
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