Dynamic Capabilities and Competitive Advantage of Fast Foods Restaurants

2018 ◽  
Vol 4 (3) ◽  
pp. 7-14 ◽  
Author(s):  
Ofoegbu Wilson Chukwuemeka ◽  
B. C. Onuoha
Keyword(s):  
Competitive Advantage ◽  
Dynamic Capabilities ◽  
Environmental Changes ◽  
Primary Data ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Fast Foods ◽  
Business Applications ◽  
Current Trends ◽  
Rivers State

The study focused on the relationship between dynamic capabilities and competitive advantage of fast foods restaurants in Rivers State, Nigeria. A cross-sectional survey research design was adopted, while primary data was collected via the administration of a structured questionnaire. Three hypotheses were formulated that, the dimensions of dynamic capabilities do not significantly correlate with the competitive advantage of the firms. However, the result of the analysis disproved the null hypotheses, meaning that dynamic capabilities of the firms significantly influence their levels of competitive advantage. It was recommended that managers of the firms should encourage quick response to environmental changes, by enhancing their employees’ capability to detect, monitor and respond to competition. Also, employees should be exposed to current trends, technologies and business applications in the sector to enhance their competencies which will, in turn, improve the competitive advantage of the firm.

scholarly journals Driving Competitive Advantage: The Role of Strategic Entrepreneurship in Textile Manufacturing Firms in Lagos State, Nigeria

2020 ◽  
pp. 1-12
Author(s):  
Egwakhe A. J. ◽  
Tijani O. O. ◽  
Akinlabi H. B. ◽  
Egwuonwu T. K.
Keyword(s):  
Competitive Advantage ◽  
Structural Equation ◽  
Dynamic Capabilities ◽  
Manufacturing Firms ◽  
Primary Data ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Strategic Entrepreneurship ◽  
Textile Manufacturing ◽  
Lagos State

The paper argued that the challenges experienced in Nigerian textile manufacturing firms resulted from weak strategic entrepreneurship leading to alarming decline in the industry’s performance. Thus, investigated competitive advantage nexus with strategic entrepreneurship (strategic flexibility, adaptability, innovation, strategic leadership, risk taking and dynamic capabilities) as proxies in Lagos State, Nigeria. A cross-sectional survey research design was used and primary data collected. The adapted questionnaire validity was established through confirmatory factor analysis while the reliability was ascertained through internal consistency test. The population consists of 253 senior management staff and total enumeration was used. A total of 253 copies of the questionnaire were administered but 237 copies reverted. Descriptive statistics, exploratory analysis and structural equation model were utilized to analyse the data.

Dynamic Capabilities and Organizational Resilience of Manufacturing Firms in Nigeria

2021 ◽  
pp. 097226292098454
Author(s):  
Ekom Etim Akpan ◽  
Eluka Johnny ◽  
Waribugo Sylva
Keyword(s):  
Structural Equation ◽  
Dynamic Capabilities ◽  
Environmental Changes ◽  
Industrial Area ◽  
Manufacturing Firms ◽  
Primary Data ◽  
Equation Modeling ◽  
Organizational Resilience ◽  
Cross Sectional Survey ◽  
Cross Sectional

The study examined the relationship between dynamic capabilities and organizational resilience of manufacturing firms in Nigeria. The dynamic capability was decomposed into sensing capability and reconfiguration capability, while organizational resilience had adaptability and agility as it measures. A cross-sectional survey research design was followed, while primary data was collected via the administration of a structured questionnaire. Copies of the questionnaire were randomly handed over to 86 respondents, comprising foremen, supervisors and managers in 11 manufacturing firms that are clustered around Trans Amadi Industrial Area, Port Harcourt. Two research objectives with a corresponding number of research questions and research hypotheses were formulated. Descriptive statistics were analysed with the aid of the Statistical Package for Social Sciences version 25.0, while the Partial Least Squares Structural Equation Modeling (PLS-SEM) was deployed to test the hypothesized relationships via SmartPLS 3.2.7. The results of the analyses affirmed the alternate hypotheses, which stated that dynamic capabilities are positively correlated with the measures of organizational resilience. This shows that dynamic capabilities amplify the manufacturing firms’ resilience. It was recommended that managers of the firms should encourage quick response to environmental changes, by enhancing their employees’ capability to detect, monitor and respond to environmental volatilities. Likewise, management of the manufacturing firms should strategically position the firms to be among the first to identify and acquire external knowledge about their market trends, technology and industry. This will help the firm to adapt quickly to disturbances from the environment and be more resilient. It was suggested that similar studies be conducted in other sectors of the economy.

scholarly journals Does Organizational Structure Moderate the Relationship between Strategic Planning and Competitive Advantage? A Study of Large Manufacturing Firms in Kenya

2019 ◽  
Vol 14 (5) ◽  
pp. 141
Author(s):  
Jackson K. Maingi ◽  
Zachary B. Awino ◽  
Peter O. KObonyo ◽  
Ganesh P. Pokhariyal
Keyword(s):  
Strategic Planning ◽  
Organizational Structure ◽  
Competitive Advantage ◽  
Dynamic Capabilities ◽  
Survey Design ◽  
Organization Structure ◽  
Manufacturing Firms ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
The Relationship

Several studies have been carried out in the past to find out how strategic planning and competitive advantage are connected and the causes of differences in competitive advantage among firms. Scholars have argued that competitive advantage can emanate from either internal or external sources and is usually in several forms which include; valuable resources, the position held within the industry, position within the marketplace, operating at lower costs than rival firms, differentiation, capabilities and dynamic capabilities. The debate on what causes differences in competitive advantage is still on. This study sought to establish the moderating effect of organizational structure on the relationship between strategic planning and competitive advantage of large manufacturing firms in Kenya. The study was underpinned by the competitive advantage typology of Michael Porter, the resource-based theory, dynamic capabilities theory, and the contingency theory. The study used a positivist research paradigm and a cross-sectional survey design. This was a census study from 124 large manufacturing firms in Kenya and data was collected from 122 of the firms representing a response rate of 98.4%. The findings indicate that overall strategic planning has a statistically significant influence on competitive advantage and that organizational structure partially moderates the relationship between strategic planning and competitive advantage. The study recommended that once the strategy of the firm has been changed, an organization structure that fits the needs of the new strategy should be put in place. This is because in the absence of an organization structure that fits the needs of the firm, it will be difficult for the firm to achieve and sustain a position of competitive advantage.

scholarly journals KNOWLEDGE MANAGEMENT LIFECYCLE AND ORGANISATIONAL DECISION MAKING OF PAINT MANUFACTURING COMPANIES IN RIVERS STATE, NIGERIA

2021 ◽  
pp. 34-55
Author(s):  
Odiri EDEBIRI ◽  
Anthonia BESTMAN
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Rank Order ◽  
Threshold Level ◽  
Primary Data ◽  
Confirmatory Test ◽  
Manufacturing Companies ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Rivers State

This study investigated the influence ofknowledge management lifecycle on organisational decision making of paint manufacturing companies in Rivers State. The study was operationalized with the dimensions of knowledge management lifecycle as knowledge identification, knowledge creation, knowledge storage and knowledge transfer. Organizational decision making was measured by timeliness and cost effectiveness.The target population of this study is all 51 registered paint manufacturing companies in Rivers State. Purposive sampling was used to select a sample of 90 respondents from 30 selected manufacturing companies in Rivers State. The study used cross-sectional survey approach and descriptive research design.The study was guided by five research questions and ten research hypotheses. Questionnaires were the major instrument used in gathering primary data which were analyzed using correlational analyses. The questionnaire used was subjected to face/content validity, this was done to ascertain the validity of the questionnaires to be administered. The scale used for this study had been previously adjudged reliable. However, we also checked by verifying reliability outcomes through confirmatory test of internal consistency on the instrument with our sample using Cronbach alpha at the threshold level 0.7 which is generally accepted by the rule of thumb. Data was analyzed and results presented in tables, mean and standard deviation. And, finally hypotheses were tested using the Spearman Rank Order Correlation Coefficient. The study found that knowledge management lifecycle significantly impact on organisational decision making. The study recommends that in order for paint manufacturing companies in Rivers State to maintain their hedge in this high rivalry economy, they should pay more attention to how knowledge within the organisation are effectively managed as this will facilitate an effective time management and cost optimisation within the organisation.

scholarly journals Role of Dynamic Capabilities in the Performance of Manufacturing Firms in Nairobi County, Kenya

2017 ◽  
Vol 13 (31) ◽  
pp. 438
Author(s):  
Thomas O. Nyachanchu ◽  
Joel Chepkwony ◽  
Ronald Bonuke
Keyword(s):  
Firm Performance ◽  
Dynamic Capabilities ◽  
Business Models ◽  
Free Market ◽  
Reliability And Validity ◽  
Manufacturing Firms ◽  
Three Dimensions ◽  
Primary Data ◽  
Cross Sectional Survey ◽  
Cross Sectional

The advent of globalization has brought with it drastic changes to the operating landscape for firms in the manufacturing sector. The need for transformational changes so as sustain competitive advantage has been on  the rise. Firms are expected to continuously re-engineer their business models and operations to catch up with the turbulent environment. Previous studies have investigated the contribution of manufacturing firms in economic growth. Some have concentrated on the preferred approaches that countries should take, whether protectionism or free market. However, empirical studies investigating direct impact of dynamic capabilities on manufacturing firms’ performance have been minimal. The general objective of the study was to examine the influence of the three dimensions of dynamic capabilities (sensing capabilities, seizing capabilities and reconfiguration capabilities) on firm performance. The study was grounded on the Resource-Based View theory. An explanatory research design was used for the cross-sectional survey. Primary data was obtained from 271 out of 369 firms sampled from a population of 1,496 manufacturing firms in Nairobi County, Kenya, using a structured questionnaire instrument through drop and pick. The questionnaire was completed by the firms’ CEOs. Reliability and validity tests were carried out on the research instruments and study measures. Hypotheses were tested using regression analysis results, namely: - sensing capabilities (B=0.215, P<0.01), seizing capabilities (B=0.194, P<0.01) and reconfiguration capabilities (B=0.182, P<0.001). These three variables combined, contributed 25.9% (R2=0.259) of the variance in firm performance. The study concluded that deployment of dynamic capabilities has significant influence on firm performance.

scholarly journals Business Strategies and Competitive Advantage: Evidence from Flour Mill Companies in Lagos State, Nigeria

2020 ◽  
Vol 12 (2(J)) ◽  
pp. 17-26
Author(s):  
Egwakhe, A. J. ◽  
Falana, R. B. ◽  
Asikhia, O. O. ◽  
Magaji, N.
Keyword(s):  
Competitive Advantage ◽  
Product Differentiation ◽  
Portfolio Diversification ◽  
Business Strategies ◽  
Primary Data ◽  
Validity And Reliability ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Flour Mill ◽  
Lagos State

The authors argued from business strategies perspective to understand competitive advantage among homogenous producers. The population consisted of top and functional managers of flour mill companies in Lagos State, Nigeria. Cross sectional survey research design was adopted and primary data were collated and used. The research instrument was an adapted questionnaire. Its validity and reliability were statistically determined. Six hundred and twenty copies of the questionnaire were administered and 605 retrieved. Econometric equation was formulated and multiple regression analysis was employed for data analysis. Business strategies were found to have significantly affected competitive advantage. The study recommended product differentiation and portfolio diversification in order to achieve competitive advantage.

scholarly journals PROCEDURAL JUSTICE AND ORGANIZATIONAL CITIZENSHIP BEHAVIOUR OF DEPOSIT MONEY BANKS IN RIVERS STATE, NIGERIA

2019 ◽  
Vol 4 (1) ◽  
pp. 40
Author(s):  
Vito Baridula ◽  
Dr. John Mark
Keyword(s):  
Procedural Justice ◽  
Organizational Citizenship ◽  
Rank Order ◽  
Primary Data ◽  
Bivariate Analysis ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Workplace Justice ◽  
Rivers State ◽  
The Relationship

Purpose: This study investigated the relationship between procedural justice and organizational citizenship behaviour in Deposit Money Banks in Rivers State. The effects of procedural justice was tested on organizational citizenship behaviour measures such as altruism and sportsmanship.Methodology: The study adopted a cross sectional survey design and data was generated from 193 respondents from the target Deposit Money Banks in Rivers State. As a quantitative study, the primary data collection instrument for the study was the structured questionnaire. The test for the reliability for the instrument was carried out using the Cronbach alpha reliability instrument with a reliability threshold of 0.70. The Analysis comprised of the univariate (single variable assessments) bivariate (test for hypothetical relationships) while the bivariate analysis was carried out using the Spearman’s rank order correlation coefficient at a 0.05 level of significance.Findings: Findings from the study revealed that workplace justice significantly impacts on the measures of OCB (altruism and sportsmanship) and also organizational culture was revealed to also significantly moderate the relationship between workplace justice and organizational citizenship behaviour in Deposit Money Banks in Rivers State. Based on the findings, it was concluded that there is significant relationship between the predictor and the measures of the criterion variables.Contribution to practice and Policy: The study recommended that OCB within an organization could be significantly increased by enhancing organizational fairness, particularly procedural justice. Bank managers should first improve the procedural justice and hence increase overall levels of perceived justice by involving employees in the procedures used in making decisions and allocating rewards

scholarly journals Knowledge Management Strategy and Organizational Change in Commercial Banks in Kenya

2016 ◽  
Vol 1 (7) ◽  
Author(s):  
Jackson Maalu ◽  
Said MwachinaloDosho
Keyword(s):  
Organizational Change ◽  
Knowledge Management ◽  
Commercial Banks ◽  
Management Strategy ◽  
Dynamic Capabilities ◽  
Strong Association ◽  
Primary Data ◽  
Cross Sectional Survey ◽  
Knowledge Management Strategy ◽  
Cross Sectional

<p><em>This study attempts to establish the relationship between knowledge management strategy and organizational change in commercial banks in Kenya. Knowledge management strategy can assist a firm to induce individuals to offer their knowledge voluntarily for a firm’s use, achieve distinctive advantage through full exploitation of a firm’s knowledge base, build institutional memory and protect it from prying competitors. It can influence amongst others a successful organizational change. The study employed a descriptive cross sectional survey. A total of 39 commercial banks in operation (not under statutory management) were surveyed. Primary data was collected from the respondents using a questionnaire.Analysis utilized largely the median and mode as measures of central tendency while the inter-quartile range was used as a measure of dispersion. Percentages and frequencies were also utilised to present part of the findings. Pseudo R square statistics were used as a measure of association between knowledge management strategy (independent variable) and organizational change (dependent variable). The study found that commercial banks in Kenya primarily employ proactive and moderate knowledge management strategies. Both strategies had a strong association with the organizational changes that the commercial banks have undergone. The most popular form of organizational change was found to be a mix of both revolutionary and evolutionary change. The findings of this study are consistent with theory in that knowledge management strategy was found to have given banks dynamic capabilities in pursuit of a firm’s goals such as organizational change.</em></p>

scholarly journals Technological Changes and Organizational Growth in Deposit Money Banks in Rivers State, Nigeria

2021 ◽  
pp. 55-63
Author(s):  
A. E. Bestman ◽  
Gwarah, Patience Nuka
Keyword(s):  
Survey Design ◽  
Rank Order ◽  
Sampling Technique ◽  
Primary Data ◽  
Technological Changes ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Organizational Growth ◽  
Port Harcourt ◽  
Rivers State

This study examined the relationship between technological changes and organizational growth in deposit money banks in Rivers State. The study adopted the cross-sectional survey design to elicit response from staff of the identified deposit money banks in Rivers State. Primary data was collected using self-administered questionnaire. The population of the study comprised all the 16 deposit money banks in Port Harcourt. Using a multi-stage sampling technique, 96 staff were selected as the sample of the study. Since the banks had few permanent staff, convenient and census frame were adopted to determine the number of staff per bank. Thus, using the simple stratified random sampling technique the staff were categorized into three cadres-Top management, IT Personnel and Cashiers/Tellers from which staff were randomly selected from each cadre amounting 6 staff from each bank. The reliability was attained using test-re-test and Cronbach’s Alpha coefficient analysis with all items having a reliability index above 0.70. The Spearman Rank Order Correlation Coefficient (rho) was used in testing the hypotheses. The study revealed that there is a positive significant relationship between technological changes and organizational growth. This implies that the various developments in ICT have positive and significant influence on organizational growth. It, therefore, concluded that organizational growth in deposit money banks can be improved by the application of the various innovations and devices generated in the various stages of technological changes. The study, therefore, more attention be directed towards the use of ICTs in banking operations in deposit money banks in Port Harcourt, Rivers State, since the banking industry serve as a lubricant to the cog of the wheel of the nation’s economy.

scholarly journals Organisational Transparency and Effectiveness of Deposit Money Banks in Rivers State, Nigeria

2021 ◽  
Keyword(s):  
Job Satisfaction ◽  
Complete Information ◽  
Primary Data ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Pearson Product Moment Correlation ◽  
Organisational Effectiveness ◽  
Rivers State ◽  
The Relationship ◽  
Structured Questionnaire

This study examined the relationship between organisational transparency and organisational effectiveness of deposit money banks in Rivers State. The cross-sectional survey was used. A total of 159 employees from 15 banks were covered in this research. However, a sample size of 114 employees was derived and the primary data was gathered with the use of a well-structured questionnaire. The Pearson product moment correlation was utilized in analysing the data. Based on the analysis of the hypotheses, the result revealed a substantial positive link between the dimensions of organisational transparency (informational transparency and participatory transparency) with the measure of organisational effectiveness (job satisfaction and goal consensus). Thus, it was concluded that when there is upsurge in transparency, it boosts the effectiveness of the organisation. The study recommended that clear, timely and complete information relating to the organisation should be made available to employees and other stakeholders as such will enhance the effectiveness of the organisation. Keywords: Goal Consensus, Informational Transparency, Job Satisfaction, Participatory Transparency

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