The Impact of Innovation on the Performance of SMEs in Oman (original) (raw)
One of the national priorities of Oman Vision 2040, is the Private Sector, Investment, and International Cooperation. The strategic direction of 2040 focuses on enabling the private sector competitive economy which integrates with the world economy. To inspire Omani citizens on the entrepreneurial path and to improve the SMEs performance, the government has been conducting workshops and seminars on small and medium-sized businesses in different regions in Oman. The purpose of this paper is to contribute to the knowledge of entrepreneurship in Oman; hence it studies the impact of innovation on the business performance of SMEs in Oman. The research employed a quantitative approach in gathering and analysing data, using a self-administered questionnaire. The findings of this study concluded that innovation is positively and significantly related to business performance of SMEs in Oman.
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