INNOVATION: A CATALYST FOR EFFECTIVE ENGAGEMENT AND ECONOMIC GROWTH IN CHALLENGING TIMES
DOI:
https://doi.org/10.46827/ejmms.v5i4.911کلمات کلیدی:
leadership styles, job performance, productivity, rank and file employeesچکیده
In a world full of uncertainties, firms that would survive would have no choice than to be innovative in order to satisfy consumer needs and meet economic goals. This paper examines the role of innovation in bringing about effective engagement and economic growth in challenging times. 83 respondents were drawn from eight sectors of the economy using google-form (an online survey builder) with the aid of email and WhatsApp in distributing the research instrument. Both discriminant and convergent validity were carried out on the statement items and values above 0.7 were derived. Our composite reliability test also had values above 0.7 for each of the constructs. The hypotheses were tested using Pearson moment correlation and for each of the tests, a positive Pearson coefficient and p-value less than 0.05 were achieved. The study concludes that innovation has a significant relationship with both effective engagement and economic growth. The study further recommends conscious effort of both government and stakeholders towards encouraging innovation in all sectors of the economy such as health, education, finance, etc.
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