Resource fluidity and competitiveness of Aluminium manufacturing firms in Nigeria
Abstract
This study examined the influence of resource fluidity on the competitiveness of aluminium manufacturing firms in Nigeria. The study review extant literature on the construct: resource fluidity, and the measures of competitiveness: product quality, delivery reliability. The study adopted the analytic expo facto survey design. The population of the study was consists of 56 managers and directors of the head offices of the seven (7) major aluminium manufacturing firms that has operational presence in the three geographic regional market: Western (Lagos), Northern (Abuja) and Eastern Market (Port Harcourt/Enugu). There was no sampling technique; the census approach was employed in the study while primary data was elicits from the 56 respondents using structured questionnaire. The study used descriptive and inferential statistics such as mean, standard deviation and regression techniques to analyze the response rate and test the research hypotheses with help of statistical package for social sciences. The study revealed a significant influence on the aluminium manufacturing firms in Nigeria. The findings of the study established that resource fluidity as a strategic tool has a strong influence on competitiveness. The study therefore, concluded that resource fluidity as strategic tool influences competiveness in the aluminium manufacturing firms in Nigeria. The study recommended that aluminium manufacturing firms in Nigeria should focus on resource fluidity as a strategic tool to improve firm competitive capacity in the local industry. Furthermore, corporate managers should strategically re-allocate organizations resources, both human capital; knowledge mobility and materials resources across appropriate units to improve firm competitiveness in the study area.
How to Cite This Article
Ebikebena E Red-Well, Donald I Hamilton, Bayo PL (2021). Resource fluidity and competitiveness of Aluminium manufacturing firms in Nigeria. International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 2(3), 302-308.