CAUSES AND EFFECTS OF A LACK OF INNOVATION IN MINING PROJECTS

Registration ID: IJNRD_187385

Published ID: IJNRD2302276

DOI: Click Here to Get

Leonard Chakauya , Ntshirane Alphios Malekana

lack of innovation, causes of lack of innovation, effects of a lack of innovation, innovation, innovative mindset, mining projects

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.

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Leonard Chakauya & Ntshirane Alphios Malekana (February-2023). CAUSES AND EFFECTS OF A LACK OF INNOVATION IN MINING PROJECTS. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(2), c685-c696. https://ijnrd.org/papers/IJNRD2302276.pdf

Volume 8 Issue 2, February-2023

Pages : c685-c696

Paper Reg. ID: IJNRD_187385

Published Paper Id: IJNRD2302276

Downloads: 000121990

Research Area: Management

Country: Pretoria West, Gauteng, South Africa

Published Paper PDF: https://ijnrd.org/papers/IJNRD2302276.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2302276

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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