Effects of Knowledge Management and Creation Capability on the Performance of SMEs in Kogi State

• Published in: Economic insights, trends and challenges trends and challenges, 2021, Vol.2021 (1), p.43-56
• Main Authors: Ademu, Yunusa, Obaje, Folashade Olufunke, Otitolaiye, Rotimi Grace Gift
• Format: Article
• Language: English
• ISSN: 2284-8576; 2284-8584
• DOI: 10.51865/EITC.2021.01.05

This study aimed at determining the effects of knowledge management and creation capability on the performance of SMEs in Kogi State. The research survey design was adopted for this study. For data analysis, descriptive and inferential analytical techniques were used. The analytical techniques employed are survival analysis and multiple regression analysis (stepwise). Findings showed that socialization has a significant effect on the competitive advantage of both Small and Medium Enterprises in Kogi State; externalization has a significant effect on the competitive advantage of Medium Enterprises in Kogi State; the combination of resources can predict the competitive advantage of both Small and Medium Enterprises in Kogi State. Findings further showed that combination, internalization, socialization, and externalization strongly and significantly predict the business growth of SMEs in Kogi State. The study concluded that the ability of SME owners to manage knowledge can translate into a better chance of achieving the enterprise's goals. The study recommended that SME owners should channel their knowledge creation towards socialization and a combination of resources; owners of Medium Enterprises should take advantage of knowledge creation through externalization to facilitate sustainable competitive advantage in Kogi State. Furthermore, SME owners and economic stakeholders should find alternative ways of promoting effective knowledge management and creation in Kogi State.