Authors :
Dr. Williams Abasiubong; Johnson Odohoedi; Imaobong Asuquo Williams
Volume/Issue :
Volume 8 - 2023, Issue 10 - October
Google Scholar :
https://tinyurl.com/ycxb2v4d
Scribd :
https://tinyurl.com/48fmmcyn
DOI :
https://doi.org/10.5281/zenodo.10029868
Abstract :
A modern manufacturing system adopted by a
company is a necessary condition for a firm overall
corporate health. This paper is focused on evaluating the
innovative manufacturing practices of Champion Breweries
Plc, a food and beverage company in Nigeria. A descriptive
survey design was found suitable for this study. Primary
data were collected through the administration of
questionnaires to the sampled population of 132 employees
of the company. Data were analyzed using a linear multiple
regression model. The analysis results show that the null
hypothesis which states that there is no significant effect of
digital and emerging platforms on business sustainable
development was rejected because the calculated T-
statistics of 2.90 at 0.004 p-value indicated a positive
significant impact of digital and emerging technologies on
business sustainability. Contrarily, hypothesis two results
indicated no clear evidence that continuous improvement
influences business sustainability at a p-value of 0.11. We
observed that integrating emerging technologies into the
company's production system while keeping the firm’s
innovative ecosystem robust enhances operational
efficiency. Based on the findings, we resolved that
innovative manufacturing techniques improve societal well-
being, lower risks to the environment, and increase the
effectiveness of production factors thereby raising the
standard of living of the employees and increasing
shareholders’ wealth. We recommended that modern
business tools, methods, and systems should be applied in
all facets of an organization as catalysts for business
sustainability.
Keywords :
Business Sustainability, Continuous Improvement, Digital Technology, Shareholder’s Wealth, Innovation, Manufacturing Practices, Sustainable Development.
A modern manufacturing system adopted by a
company is a necessary condition for a firm overall
corporate health. This paper is focused on evaluating the
innovative manufacturing practices of Champion Breweries
Plc, a food and beverage company in Nigeria. A descriptive
survey design was found suitable for this study. Primary
data were collected through the administration of
questionnaires to the sampled population of 132 employees
of the company. Data were analyzed using a linear multiple
regression model. The analysis results show that the null
hypothesis which states that there is no significant effect of
digital and emerging platforms on business sustainable
development was rejected because the calculated T-
statistics of 2.90 at 0.004 p-value indicated a positive
significant impact of digital and emerging technologies on
business sustainability. Contrarily, hypothesis two results
indicated no clear evidence that continuous improvement
influences business sustainability at a p-value of 0.11. We
observed that integrating emerging technologies into the
company's production system while keeping the firm’s
innovative ecosystem robust enhances operational
efficiency. Based on the findings, we resolved that
innovative manufacturing techniques improve societal well-
being, lower risks to the environment, and increase the
effectiveness of production factors thereby raising the
standard of living of the employees and increasing
shareholders’ wealth. We recommended that modern
business tools, methods, and systems should be applied in
all facets of an organization as catalysts for business
sustainability.
Keywords :
Business Sustainability, Continuous Improvement, Digital Technology, Shareholder’s Wealth, Innovation, Manufacturing Practices, Sustainable Development.
