EXPLOITING TECHNOLOGICAL KNOWLEDGE IN THE NIGERIA’S INDUSTRIAL PROCESS: ISSUES, STRATEGIES AND POLICY DIRECTION

M. G. Ukpabio; Y.O. Akinwale and W.O Siyanbola
National Centre for Technology Management, an Agency of the Federal Ministry of Science & Technology, Obafemi Awolowo University, Ile-Ife, Nigeria
Correspondence email: mimi4christ148@yahoo.com
ABSTRACT
Knowledge has remained a vital force in this era of technological advancement and dynamism. Organizations or businesses seeking to remain in the industry must embrace the acquisition and adequate deployment of technological manpower. The foundation for effective knowledge technology exploitation is rooted in the technological process of industries. Improvements in society’s welfare are derived largely from improvements in firms’ bundles of Technology knowledge that make it possible to use scarce resources in new and improved ways. Today, industries have grown from single function optimization of production to a multifunctional strategic orientation. The necessity to maximize return on investment and the overall performance of organization calls for strategic management of the technological processes in industries activities. The implementation of the right strategy to effectively manage industries technology in the workflow process has become very crucial for Nigeria industries given the fact that the exploitation of the human capital distinctive skills, competencies and capabilities which are developed through execution of strategies determines the competitive position and success of industries both in the domestic and global marketplace thereby leading to the nation’s technological advancement. The Nigeria industries workflows have been long dominated with material technology than knowledge technology. Packaged equipment and excessive inputs are imported and installed, thereby providing little impetus