Talent Management and Innovation in Indigenous Hotels in Port Harcourt, Rivers State
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 3
Abstract
This study sought to investigate the extent of relationship that exists between talent management and innovation in indigenous hotels in Port Harcourt. In order to achieve this, a cross—sectional survey was conducted on managers of indigenous hotels in Port Harcourt. The data gathered therefrom were analyzed using the simple Mean score and Spearman’s Rank Order Correlation via the Statistical Packages for Social Sciences software (SPSS) V 20. Findings from the analyses showed that there are positive and significant relationships between variables of talent management (i.e. talents identification, development, utilizations and retention) and corresponding variables of innovation (i.e. service, process, market and product innovations) in indigenous hotels in Port Harcourt (r=0.784; 0.674; 0.784;0.791; p˂0.05 for the four hypotheses respectively).The implications of these findings are that proper identification, development, utilization and retention of talents in indigenous hotels in Port Harcourt would very likely translate into higher innovations in terms of services, processes, marketing and products respectively; and this will also lead to better performance and profitability of these hotels. Consequently, the study recommends that any hotel organization whose objective is to survive overtime should pay attention to innovation by ensuring that employees’ talent is effectively managed.
Authors and Affiliations
Olaka, Loveday Owate Mnim, Okafor Lawrence Chima Ph. D, Ulo Fabin U. Ph. D
Keywords
Related Articles
- EP ID EP410066
- DOI 10.9790/487X-2003093140.
- Views 58
- Downloads 0
OTC Financial Derivatives Market in India
Derivatives play asignificant role in addressing the risk inborn in financial transactions. They can be used to hedge an existing market exposure (forwards), to obtain downside protection to an exposure even while retain...
Women Entrepreneurship in India-Challenges
Entrepreneurship refers to the act of setting up a new business or reviving an excisting business so as to take advantages from new opportunities. Last five decades have seen phenomenal changes in the status of women in...
An Inclusive Business Model for the Rural Women Living Under Base of Pyramid: Empowering Women through Potential of ICT
This article ascertains the inclusive business model for rural women living under base of pyramid. Bangladesh is a land of world famous social enterprises like Grameen, BRAC, ASA and many more.However, a large percentage...
Strengthening and Enhancing Product Competitiveness of Dayaks Woven Fabric: Lesson Learned from Ensaid Panjang, Sintang, West Kalimantan
The aims of the study were to identify the product of woven fabric that are produced by Dayak female community in traditional long house (Rumah Betang) in Ensaid Panjang. Sintang West Kalimantan. Field survey was done in...
Generalized Polya-Aeppli Process and Its Applications in Risk Modelling and Analysis
In this paper, we introduce a new compound Poisson process with truncated negative binomial compounding distribution, which we will call as the Generalized Polya-Aeppli Process. We derived expressions for its probability...