IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v8y2024i7p1784-1795.html
   My bibliography  Save this article

Financial Management Information Designs and Product Innovations Sustainability in Developing Economy-Using Ambidexterity Model

Author

Listed:
  • Adesola Adebayo Akande

    (Elizade University, Ondo State, Nigeria)

  • Olusayo Rotimi-Bimbo

    (Elizade University, Ondo State, Nigeria)

  • Toyon Ebitei Robert

    (Elizade University, Ondo State, Nigeria)

Abstract

This study used Ambidexterity Model to determine the correlation between Financial Management Information Designs (FMID) and product innovation sustainability (PIS) in developing nations using Nigeria as a case study. Data collected from 200 industrialists representing a range of characteristics from industrial sector were analyzed using regression analysis method. Variables considered (FMID) includes Management Information System (MIS), Customer Capability (CC), Information Quality (IQ), User Satisfaction (US), and Financial Security Privacy (FSP). The results indicates that FMID has a significant effect on product innovation sustainability in the developing countries, fostering collaboration and utilization of financial data, enabled agile decision-making, thereby establishing a favourable atmosphere for product innovations sustainability. The study concluded that obstacles that are often encountered includes resource scarcity and infrastructure deficiencies. Based on this, scholarly contribution situating the influence of FMID on product innovation sustainability in various socioeconomic contexts were made thereby offering practical recommendations for policymakers, top managers in manufacturing industries and improvement of strategies for designing a viable and sustainable financial management information, encourage international cooperation, and stimulate product innovation across various socioeconomic environments.

Suggested Citation

  • Adesola Adebayo Akande & Olusayo Rotimi-Bimbo & Toyon Ebitei Robert, 2024. "Financial Management Information Designs and Product Innovations Sustainability in Developing Economy-Using Ambidexterity Model," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 1784-1795, July.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:1784-1795
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-7/1784-1795.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/financial-management-information-designs-and-product-innovations-sustainability-in-developing-economy-using-ambidexterity-model/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mary Nafula Kiveu & Mary Namusonge & Stephen Muathe, 2019. "Effect of innovation on firm competitiveness: the case of manufacturing SMEs in Nairobi County, Kenya," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 18(3), pages 307-327.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Suhana Mohezar & Ainin Sulaiman & Mohammad Nazri & Safiah Omar, 2020. "Sustaining innovative capabilities of light emitting diode (led) manufacturers through dynamic entrepreneurship," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 1095-1107, September.
    2. Jehad Bani Hani, 2021. "The Impact of Human Resource Planning (HRP) in Achieving the Strategic Goal of the Firm With the Moderating Role of Organizational Innovation," International Journal of System Dynamics Applications (IJSDA), IGI Global, vol. 10(4), pages 1-22, October.
    3. Samuel Amponsah Odei & Ivan Soukal, 2024. "Business strategies, bureaucratic ties, and firms’ innovation novelty: insights from the World Bank enterprise survey," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-23, December.
    4. Eunice Dushime & Stephen Muathe & Lucy Kavindah, 2022. "New paradigms on performance of SMEs:The reflection on entrepreneurial innovation in Burundi," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(1), pages 24-32, January.
    5. Stephen Makau Muathe & Eunice Dushime & Lucy Kavindah, 2023. "Elevating SMEs Performance through Entrepreneurial Innovation and Government Regulations in Bujumbura, Burundi," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(5), pages 194-208, May.
    6. Sajjad Vojdanian, 2022. "The Effect of Knowledge Management on SMEs' Competitiveness," Digital Transformation: The Harmonic Convergence of People, Culture, Process, and Technology in the New Normal,, ToKnowPress.
    7. Marija Slutej, 2021. "Prejudice between Educators," Economy for a New Normal: Digitalisation and Human Relations in Business and Education,, ToKnowPress.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:1784-1795. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.