EFFECT OF TECHNOLOGY INTELLIGENCE ON PERFORMANCE OF SELECTED MANUFACTURING FIRMS IN FCT-ABUJA, NIGERIA

Abstract

The fundamental aim of manufacturing firms adopting technology intelligence is to identify, evaluate and apply latest technologies to cover for the ever-changing technological challenges with the hope to improve the overall level of performance of their enterprises, yet the level performance of most of manufacturing firms in Nigeria is still low as majority of them struggle to get the latest technologies in place. The study examined the effect of technology intelligence on performance of selected manufacturing firms in FCT-Abuja, Nigeria. This study adopted a survey research design with population of 155 employees from 31 selected manufacturing firms in FCT-Abuja, Nigeria. The sample size used was same as population of the study and convenient sampling technique was used to select the respondents. The data collected for the study was analyzed using Partial Least Square Structural Equation Modeling in determining the measurement, structural models and hypotheses testing through SmartPLS 3.0 software. The study found that technology identification and technology evaluation have positive and significant effect on performance; while technology application have negative but insignificant effect on the performance of selected manufacturing firms in FCT-Abuja. Based on its findings, the study concludes that technology intelligence can influence the performance of manufacturing firms in FCT-Abuja, Nigeria. The study thus recommended among others, that manufacturing firms in FCT Abuja, Nigeria should improve on their technology application by way of ensuring that technologies are implemented effectively and integrated seamlessly into existing operations. This may require providing adequate training and support to employees, addressing any resistance to change, and actively monitoring and evaluating the outcomes of technology implementation.