Modern Production Technology and Profitability Level of Manufacturing Organizations in Nigeria
Publication Date : 01/01/2020
This study focuses on modern production technology and profitability level of manufacturing organizations in Nigeria. The objective of the study is investigates the effect of technical and technological modernization, product modernization and modernization of management system on productivity level of manufacturing organization. The population comprised of registered manufacturing SMEs organizations in Ovia North East Local Government Area of Edo State. The regression results show technical and technological modernization; product modernization has a significant positive effect on productivity level of manufacturing organization while modernization of management system has an insignificant positive effect on productivity level of manufacturing organization. The study recommends that venture owners should embrace new technology in enhancing the productivity level of manufacturing organization and also, venture owners and management should create new ideas, new products and services and new processes that would contribute immensely to the productivity level of business organization.
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