INNOVATION AND SUSTAINABLE GROWTH IN AKWA IBOM STATE TRANSPORT COMPANY (AKTC), UYO

Innovations, growth and sustainability are still area of interest to management and social sciences researchers. Consequently, this study was carried out to examine the effect of innovation on sustainable growth in Akwa Ibom State Transport Company, Uyo, Akwa Ibom State, Nigeria. Fifty (50) respondents were conveniently selected from the 117 operational staff in the employee of the company. A five-point Likert scale was used to develop a twenty items questionnaire used for data collection in this study. The data collected were analysed using frequencies, mean and standard deviation. A multiple regression model was used to test the hypothesis. The findings revealed that the innovation in computerised ticketing increased the company‘s patronage and revenue. It also showed that online booking system contributed to the increase in revenue and growth in the organisation. Furthermore, innovations in the company showed statistically significant effect on revenue, growth and sustainability. We conclude that innovations create competitive advantage which ensures increase in revenue, growth rate and sustainability of organisations. We recommend that Akwa Ibom State Transport Company and other such organisations should continuously innovate for sustainable growth in their organisations.