EFFECT OF KNOWLEDGE ACQUISITION ON BUSINESS PERFORMANCE OF GEOMATIC ENGINEERING FIRMS IN SEYCHELLE

Abstract

Firms across the globe have witnessed unstable market conditions. As a result, firms have begun to shift the basis upon which they establish strategies to use in order to gain competitive advantage. Due to this, firms are focusing on using organizational capabilities as their foundation rather than using served markets. Assuming that knowledge is the most important resource in the firm, from a strategic point of view, then through continuous learning, the company should emphasize generating, institutionalizing, and integrating knowledge as the most important organizational capacity. This research aimed at analyzing the effect of knowledge acquisition on business performance in Geomatic engineering firms in Seychelles. The specific objective of the study was to establish the effect of knowledge innovation on the performance of Geomatic engineering firms. A descriptive research design was used in the study. The study involved 60 managers in Geomatic engineering firms in Seychelles. The entire population was as well considered as the sample for the study. The chosen individuals provided data for the study by filling of questionnaires that were in-person delivered to them by the researcher. Data obtained was quantitative and therefore analyzed through both descriptive and inferential statistics. The results of the study were presented both in tables and interpretation narrated. On Knowledge innovation, the study revealed a (β=0.564, t=3.022 and a p-value associated with it as 0.004). The study concluded that knowledge innovation significantly affects the business performance of the geomatic firms in Seychelles. The study recommended for firms to investing in infrastructure such as management information systems, encouraging innovativeness in developing new ways of solving problems, developing new products, and services in the organization