Technological Capability and Strategic Flexibility of Food and Beverage Manufacturing Companies in Rivers State
Keywords:
Technological Capability, Strategic Flexibility, Food and Beverage CompaniesAbstract
The purpose of this study was to examine the relationship between technological capability and strategic flexibility of food and beverage manufacturing companies in Rivers State, Nigeria. The study adopted a cross sectional survey research design. The population of this study was the fifteen (15) registered food and beverage firms in Rivers State. Since the unit of analysis was at organizational level, only strategic managers were included. Census sampling was adopted because the population was small, hence all the fifteen (15) registered food and beverage firms in Rivers State were studied. Three (4) managers each were purposively selected for each company giving a total of 60 respondents. Primary data was collected using a 5-point Likert scaled questionnaire. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient with the aid of Statistical Package for Social Sciences version 23.0. The tests were carried out at 0.05 level of significance. The findings revealed that there is a strong positive relationship between technological capability and strategic flexibility of food and beverage manufacturing companies in Rivers State, Nigeria. The study therefore concludes that technological capability significantly and positively predicts strategic flexibility of food and beverage companies in Rivers State. The study recommends that food and beverage companies shouldpay keen attention to the development technology capability by creating an environment for technology acquisition in order to enhance production flexibility.
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