Abstract
Achieving and sustaining competitive advantages is becoming extraordinarily difficult as strategic intangible resources are hidden from public consumption and information asymmetry rules a turbulence business environment. The how of competitive advantage debate revolves around different constructs but technology transfer (technology infrastructure, innovation, and adoption) constitutes the focus of this work. The paper argued from technology transfer proxies to explain firms’ competitive advantage through the knowledge lenses of managers. Cross- sectional survey research design was adopted, the unit of analysis was randomly selected and data were collected from 90 managers of telecommunication companies in Lagos State, Nigeria through a validated questionnaire whose reliability was established. The study provided empirical evidences that a relationship exist between technology transfer dimensions (technology adoption, technology infrastructure, and technology innovation) and competitive advantage (r =0.582, p<0.05; 0.862, p<0.05; 0.684, p<0.05) and that these further affected significantly firms’ competitive advantage (F stat.19.16 , p-value 0.000) among the surveyed companies. The recommendation focused on technology transfer in the form of adoption, infrastructure and innovation within a business ecosystem to promote competitive advantage. Keywords: Technology transfer, competitive advantage, and Nigerian telecommunication industry. DOI : 10.7176/EJBM/11-28-08 Publication date :October 31 st 2019
Highlights
The global business environment is increasingly becoming unfriendly, competitive, and integrated which seems to place company’s survival on its ability to successfully adapt and adopt technological capability in response to changes
The structured statistical enquiry looked at the scope and direction of relationship between competitive advantage and the dimensions of technology transfer and the second dealt with the effect
The findings show technology transfer improves firms’ competitive advantage
Summary
The global business environment is increasingly becoming unfriendly, competitive, and integrated which seems to place company’s survival on its ability to successfully adapt and adopt technological capability in response to changes. The inherent potential within intangible resources means building and warehousing capabilities which give an organization a strategic premium above others This perspective resonates with technology transfer provided the absorptive power exists to changes industrial position and firms’ viability in the market. Adeoye, Agbawodikeizu, and Egwakhe (2019) and Venturi (2015) opined that adoption of technology is significant for any organization to achieve operational efficiency and industrial competitiveness. This view aligned with Marx (2017) and Torrent-Sellens and Diaz-Chao (2014) that efficiency and competitiveness are derivatives of technological innovativeness and knowledge acquisition
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