Knowledge Management and Institutional Development in a Recessed Economy Focus of Selected Medical Centres in Edo State, Nigeria

Poor management of knowledge by the management of government owned institutions and establishments has immensely contributed to the current recession in the Nigerian economy has necessitated the determination of the nature of relationship that exists between knowledge acquisition and the competitive advantage of selected medical centres in Edo State. Survey research design was adopted for the study, a total population of 355 was used for the study, Krejcie and Morgan 1970 sampling technique was used for the study, the data collection tool employed by the researchers was the questionnaire, while the analysis of the data was done using the pearson product moment correlation coefficient analysis. The findings revealed that there is a strong positive relationship between knowledge acquisition and the competitive advantage of selected medical centres in Edo State. The researcher therefore concluded that the acquisition of more knowledge by doctors and nurses from knowledge based economies like India where their medical facilities are more sophisticated than that of Nigeria could impact the competitive advantage of the hospital where they work. It was against this backdrop that the researchers recommended that medical doctors and nurses of the institutions of study should be frequently sent on training programmes, including the money for training programmes in the annual budget of these institutions and partnership of these institutions with other medical centres overseas where their medical facilities are more sophisticated than that of Nigeria. Carlice Imolore | Moye Evaristus | Dr. Musah Ishaq | Dr. Obomeghie Idris "Knowledge Management and Institutional Development in a Recessed Economy: Focus of Selected Medical Centres in Edo State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45150.pdf Paper URL: https://www.ijtsrd.com/management/business-administration/45150/knowledge-management-and-institutional-development-in-a-recessed-economy-focus-of-selected-medical-centres-in-edo-state-nigeria/carlice-imolore