1 research outputs found
The Impact of Marketing Innovation on Economic Development in Nigeria: A Literature Review
Marketing innovation is one of the keys to increasing a nation’s
economy. It is said that economic growth is an increase in national output that
leads to a rise in the average per capita GDP. (GNP) additionally, increasing the
average per capita GNP is insufficient to convey the implied or predicted value of
economic growth. (World situation) Marketing innovation is becoming more
intense towards the economic development in Nigeria. It is to be noted that there
is a distinct lack of literature on the effect of marketing innovations on Nigeria's
economic growth. While the country's economic growth has improved, it has not
been evenly distributed. Since business activity appears to decide the degree of
economic growth in each society, marketing innovation becomes an indicator of
economic development. (Nigeria situation) The article review aimed to look at
previous research on the effect of marketing innovation on Nigeria’s economic
growth. Natural resources aren't enough for Nigeria to compete, as shown by the
pattern and descriptions provided. As a result, this study suggests that marketing
innovation be viewed as a primary driver of Nigeria's economic growth.
Government and private sector efforts can therefore be made to invest in human
capital creation and R&D to generate the ground power for exponential growth.
In addition, this study also focused on the main findings of each study conducted.
This study also examines the methodology of the study used. The findings of this
study are intended to help future researchers research the impact of marketing
innovation on economic development in Nigeria. In addition, this analysis
indicates several research topics for future study