THE IMPACT OF COST MANAGEMENT ON INNOVATION
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
THE IMPACT OF COST MANAGEMENT ON INNOVATION
This research explores the impact of cost management on innovation with objectives: (1) to assess the relationship between cost management and innovation capacity; (2) to identify cost management practices that support innovation; (3) to understand the challenges in balancing cost management with innovation. A survey design is employed to gather quantitative data. Using Taro Yamane's formula, a sample size of 300 respondents from Uyo is selected, representing a mix of innovative industries. A technology firm is chosen as the case study due to the significant impact of cost management on innovation in technology-driven businesses. The survey instrument has a reliability coefficient score of 0.86. Findings show that effective cost management practices, such as budget allocation for R&D, lean management, and cost-benefit analysis, support innovation by freeing up resources for creative projects. However, challenges include balancing cost control with the need for innovation and managing the risks associated with innovative projects. It is recommended that businesses integrate cost management with their innovation strategies, invest in R&D, and create a supportive environment for innovation while maintaining cost efficiency.
Related Project Materials
DESIGN AND CONSTRUCTION OF AN AUTOMATIC PHASE SELECTOR
AIMS/OBJECTIVES OF THE PROJECT
The analysis of this project cannot go without enumerating the goals meant to be achieved...
FRAUD RISK ASSESSMENT AND PREVENTION IN FIDUCIARY ACCOUNTING
FRAUD RISK ASSESSMENT AND PREVENTION IN FIDUCIARY ACCOUNTING
This research aims to (1) evaluate the methods used by fidu...
GOVERNMENT EXPENDITURE AND AGRICULTURAL PRODUCTION IN NIGERIA (1970 – 2010)
ABSTRACT
This research work critically focused on the roles of government expenditure in the agricultural production in...
SOCIO ECONOMIC CONTRIBUTION OF TOURISM TO THE DEVELOPMENT OF HOSPITALITY INDUSTRY
ABSTRACT
This study was carried out to examine the impact of socio-economic contribution of tourism development in the h...
EFFECTS OF RURAL OUTWARD MIGRATION ON AGRICULTURAL ACTIVITIES IN GIWA LOCAL GOVERNMENT AREA OF KADUNA STATE, NIGERIA
Abstract
Scholars have argued that rural outward migration may generate labour shortage and in turn lead to low farm produce and conseque...
STRATEGIES FOR ENHANCING FINANACIAL ACCOUNTABILITY IN THE LOCAL GOVERNMENT SYSTEM IN NIGERIA (A CASE STUDY OF IKWO LOCAL GOVERNMENT AREA, EBONYI STATE)
ABSTRACT
This study was carried out to examine the strategies for enhancing finanacial accountabili...
THE COLLAPSE OF RESIDENTIAL BUILDINGS IN NIGERIA: ITS CAUSES, ITS EFFECTS, AND POSSIBLE SOLUTIONS
ABSTRACT
This study was carried out on the collapse of residential buildings in nigeria: its causes, i...
Circumventing Network Filtering with Polymorphic Protocol Shapeshifting
ABSTRACT
As use of the Internet has expanded to become ubiquitous, so has the use of filtering technology to selectively block access to...
RELEVANCE OF TOOLS AND MACHINERY IN ACCIDENT PREVENTION . (A CASE STUDY OF SPDC PORT-HARCOURT
ABSTARCT
This study was carried out on the relevance of tools and machinery in accident prevention using SPDC Port-Harco...
INDIGENOUS FISHERIES DEVELOPMENT AND MANAGEMENT IN NIGERIA
ABSTRACT
The major indigenous method of fishery in Nigeria is the artisanal fishery using set-gill nets...
