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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | CAUSES AND EFFECTS OF A LACK OF INNOVATION IN MINING PROJECTS |
| Authors Name: | Leonard Chakauya , Ntshirane Alphios Malekana |
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| Author Reg. ID: |
IJNRD_187385
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| Published Paper Id: | IJNRD2302276 |
| Published In: | Volume 8 Issue 2, February-2023 |
| DOI: | |
| Abstract: | This descriptive study aimed to critically examine how mining projects are impacted by a lack of innovation. The advent and increase in global technological breakthroughs have resulted in the need for businesses to adopt technological advancement to improve production processes. Consequently, projects in the mining sector are not spared as their finite nature increases their pressure to maintain a going concern in mining operations whilst remaining profitable and sustainable. A quantitative study was conducted using a pre-developed questionnaire to establish the causes and effects of the lack of innovation in mining projects of a South African platinum mine. A sample of 107 respondents was selected using stratified sampling of low, middle and top management. The collected quantitative data was analysed using SPSS 20 to generate descriptive statistics. The results show that the shortage of financial resources, technical skills and resistance to change are key reasons associated with the lack of innovation in mining projects. The lack of financial resources is a major reason for mining projects’ struggle to uptaking technological innovation. Mining projects innovative drive is mostly underfunded and under-resourced due to financial return uncertainty that surrounds the uptake of new ideas. Consequently, the absence of innovation results in a lack of new products, a lack of competitiveness, low profitability, and a lack of growth in the mining business. This study contributes to the body of knowledge as it explores the causes and effects of innovation and lack thereof within the mining sector and also advances the theory regarding mining innovation. The study gives suggestions for researchers and management on how to improve innovation in mining projects. |
| Keywords: | lack of innovation, causes of lack of innovation, effects of a lack of innovation, innovation, innovative mindset, mining projects |
| Cite Article: | "CAUSES AND EFFECTS OF A LACK OF INNOVATION IN MINING PROJECTS", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 2, page no.c685-c696, February-2023, Available :http://www.ijnrd.org/papers/IJNRD2302276.pdf |
| Downloads: | 000118761 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2302276 Registration ID: 187385 Published In: Volume 8 Issue 2, February-2023 DOI (Digital Object Identifier): Page No: c685-c696 Country: Pretoria West, Gauteng, South Africa Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2302276 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2302276 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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