Assessment of the capabilities for innovation by small and medium industry in Nigeria (original) (raw)
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Innovation in Nigerian Small and Medium Enterprises
Journal of Electronic Commerce in Organizations, 2000
This paper seeks to explore the types of innovation that are predominant in SMEs in developing countries and to investigate the impact of these innovations on different dimensions of firm performance based on an industry-wide innovation survey carried out in Nigeria in 2007. Although innovation is important for superior firm performance, our result found that the type of innovation that SMEs pursue is not a critical consideration in their performance. While there was no difference found in the focus of SMEs on either of product or process innovations, evidence showed that SMEs would focus more on incremental product and process innovations. Incremental innovation was found to be very important for Nigerian SMEs and a significant predictor of product quality and not of revenue. We conclude that SMEs chooses to pursue such innovations that most fit their strategies and available resources. Such level of innovation affords Nigerian SMEs to more extensively exploit the domestic market but cannot support extensive new product development required to enter export markets.
Innovation in Nigerian Small and Medium Enterprises: types and impact
2008
This paper seeks to explore the types of innovation that are predominant in SMEs in developing countries and to investigate the impact of these innovations on different dimensions of firm performance based on an industry-wide innovation survey carried out in Nigeria in 2007. Although innovation is important for superior firm performance, our result found that the type of innovation that SMEs pursue is not a critical consideration in their performance. While there was no difference found in the focus of SMEs on either of product or process innovations, evidence showed that SMEs would focus more on incremental product and process innovations. Incremental innovation was found to be very important for Nigerian SMEs and a significant predictor of product quality and not of revenue. We conclude that SMEs chooses to pursue such innovations that most fit their strategies and available resources. Such level of innovation affords Nigerian SMEs to more extensively exploit the domestic market but cannot support extensive new product development required to enter export markets.
Zenodo (CERN European Organization for Nuclear Research), 2023
Small and Medium-scale Enterprises (SMES) are firms that act as catalysts and have been seen to support a country's growth and development. Despite concerted efforts from different stakeholders to improve the output of SMES, they still do not meet the standards that are required of them. The population of this study consist of SMES management staff of the selected SMES in Lagos State. The population comprised 8,396 owners/managers of SMES. The sample size was 471 and a stratified random sampling technique was employed. An adapted and validated questionnaire was administered to the respondents and the data gathered was analysed using multiple linear regression analysis. Innovation variables were found to have a significant combined effect on the competitiveness of selected SMES in Lagos State, Nigeria (R = 0.379, AdjR 2 = 0.136, p < 0.05). Product innovation with (β = 0.222; p = 0.033 < 0.05), process innovation with (β = 0.478; p = 0.023 < 0.05) and market innovation with (β = 1.028; p = 0.015 < 0.05). The study concludes that innovation has a significant effect on the competitiveness of SMES in Lagos State Nigeria. The study recommends that more efforts on innovation should be by SMES to sustain competitiveness.
INNOVATION AND PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA
The objective of this study was to establish the relationship between innovation and performance of SMEs in Nigeria. On average, the findings of the study revealed that majority of the respondents agreed with the statements on innovativeness as shown by a mean of 3.72. The responses given by the respondents were varied as shown by a standard deviation of 1.28. The study recommends the SMES in Nigeria should invest heavily in business innovation, research and development activities so as to enhance innovativeness. The study also recommends that the SMEs to view experimentation and introduction of new business products or services as a way to increasing value addition of their businesses. Moreover, the study recommends the SMEs to heavily invest in new business technology in order to improve production. There is also need for the SMEs to partner with research institutions in order to enhance their business innovation.
Innovation in Nigerian SMEs: types and impact
2008
This paper seeks to explore the types of innovation that are predominant in SMEs in developing countries and to investigate the impact of these innovations on different dimensions of firm performance based on an industry-wide innovation survey carried out in Nigeria in 2007. Although innovation is important for superior firm performance, our result found that the type of innovation that SMEs pursue is not a critical consideration in their performance. While there was no difference found in the focus of SMEs on either of product or process innovations, evidence showed that SMEs would focus more on incremental product and process innovations. Incremental innovation was found to be very important for Nigerian SMEs and a significant predictor of product quality and not of revenue. We conclude that SMEs chooses to pursue such innovations that most fit their strategies and available resources. Such level of innovation affords Nigerian SMEs to more extensively exploit the domestic market but cannot support extensive new product development required to enter export markets.
International Journal of Innovation Science, 2015
Innovation is not just an individual act of learning by a firm or entrepreneur, but anchored within a larger system that enables and draws on the innovation process. Hence there is need to study internal and external factors that influence technological innovation outputs of small and medium enterprises (SMEs). SMEs at four industrial estates in Nigeria were sampled for this study. Several internal factors such as firm size, turnover, age, ownership, and expenditure on innovation activities did not have significant relationships with innovation output, signifying they are not the factors promoting innovation levels. Quality of human resources and interactions with suppliers as an external factor within the national innovation system (NIS) both made significant impact on innovation. Innovative performance of the firms is mainly influenced by demand or market pull factors more than technology push sources. The study recommends increasing interaction and dynamism within the NIS; substa...
F1000Research
Background: The issue of technological adoption and innovation in businesses as always been a big problem to organizations, especially manufacturing small and medium enterprises (SMEs) in Lagos state, Nigeria. The emphasis has therefore always been on how to adopt new technologies and innovations in improving and scaling profit or the profitability heights in businesses or SMEs. Methods: The main purpose of this research work is to have an understanding of the effect of technological innovation capabilities on the performance of selected manufacturing SMEs in Lagos State. This research work made use of a descriptive and causal research design as well as survey methods to examine whether technological learning capability affects the profitability of selected manufacturing SMEs in Lagos State and to determine whether resource allocation capability promotes sales growth amongst these manufacturing SMEs. Results: Findings showed that research and development capability have a significan...
An Investigation of the Four Dimensions of Innovation in Small Scale Firms in Lagos State, Nigeria
The paper examined the dimensions of innovation in small scale manufacturing firms with a view to understanding the interaction and relationship among product innovation, process innovation, organizational innovation, and marketing innovation. It further determines the relationship that exists between sales turnover and the four dimensions of innovation. Forty-six small manufacturing firms were sampled across the 4 major small scale Industrial Estates in Lagos State. The paper observed that these small firms engaged mainly in process innovation. The correlation analysis revealed a significant relationship between marketing and process innovation (r = 0.51; p<0.01) while there is no causality between product and process innovation (r = 0.31; p<0.05); product innovation and organizational innovation (r = 0.22; p<0.05); product innovation and marketing innovation (r = 0.11; p<0.05); and process and organizational innovation (r = 0.27; p<0.05) in these firms. The paper concludes that these firms are solely interested in upgrading and renewal of products, improving new methods of production, supply and distribution. The paper finally submitted that the observed trend is not unconnected with poor R&D initiative between small firms and research institutions, poor technological innovation capability of firms, and poor linkages/collaboration among stakeholder on new product development.
" !#$ INNOVATION AND SUCCESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN KANO STATE NIGERIA
Small and medium enterprises (SMEs) play a vital role in the Nigerian economy and are considered as a backbone of industrial development in the country. The objective this study is to justify the level of relationship between innovation and success among SMEs. Determine the level of innovation and level of success among the SMEs and lastly to establish whether there is significance difference between the level of innovation and the level success between SMEs. The study followed a descriptive survey design, given the target population of 108 SMEs in Kano state; a sample size of 85 was selected. The data for the study are collected through use of questionnaires as the main tool. It discover that the independent variable (innovation) significantly influence change in the dependent variable (success). Therefore, it is crucial for SME to invest in R&D and innovation programs to always ensure that they are moving ahead, through the formation of cluster.
Saudi Journal of Business and Management Studies, 2020
The contemporary business environment in Benue state, Nigeria demands all Small and Medium Scale Enterprises (SMEs) irrespective of which sector they operate in to innovate in order to secure a place in the market, and Knowledge Management (KM) infrastructure is said to be one of the strategies with which firm innovativeness can be promoted. It is in view of this that this study was conducted to examine the relationship between KM infrastructural capabilities and innovativeness of SMEs in Benue state, Nigeria. The study adopted the survey design. The population for this study consisted of 1370 employees from 14 SMEs in Benue State. The research focused only on SMEs with up to 50 employees. These SMEs were selected from the three business hubs in the state (Makurdi, Gboko and Otukpo) which covers all the geo-political zones of the State. This number cut across business activities like manufacturing, food processing, bakery, table water, schools, hoteling and ICT. Through purposive sampling technique, Five hundred and eighteen (518) employees from the selected SMEs (i.e. 37 from each) made up the sample size for the study. A self-administered-adopted questionnaire was employed to collect quantitative data for hypothesis testing. Five hundred and eighteen (518) questionnaires were issued out to the respondents however, only four hundred and forty five (445) responses validly retrieved and included in analysis. Data were statistically analyzed after being collected from the field with the aid of Statistical Package for Social Sciences (SPSS, v. 21). Pearson Correlation Analysis was employed in determining the relationship between the independent variables (technological, cultural and structural infrastructures) and the dependent variable (SMEs innovativeness). Multiple regression analysis on the other hand tested the extent of effect of independent variables on the dependent variable at 0.05 level of significance. The result of Pearson Correlation Analysis revealed that all the infrastructural dimensions (technology, culture and structure) significantly relate with SMEs Innovativeness. The result of multiple regression analysis showed a higher effect of cultural infrastructural dimension followed by technology and structure with a low effect though positive. Therefore, it is recommended among others that SMEs need to double their support for the use of technological facilities and develop the desired trainings for the operation of technological facilities.