African Evaluation Database

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7044

Source

Scopus

Electronic ID

2-s2.0-70350043584

Authors

Egbetokun A.A., Olamade O.O., Siyanbola W.O., Adeniyi A.A., Irefin I.A.

Title

Innovation in Nigerian small and medium enterprises: Types and impact

Publication Year

2009

Source Title

Journal of Electronic Commerce in Organizations

Volume

Issue

Citations

DOI

10.4018/jeco.2009070104

URL

https://www.scopus.com/inward/record.uri?eid=2-s2.0-70350043584&partnerID=40&md5=ce906f5d03057e79eace893a57ee1636

Affiliations

National Centre for Technology Management (Federal Ministry of Science and Technology), Obafemi Awolowo University, Nigeria; Obafemi Awolowo University, Nigeria

Authors with Affiliations

Egbetokun, A.A., National Centre for Technology Management (Federal Ministry of Science and Technology), Obafemi Awolowo University, Nigeria; Olamade, O.O., National Centre for Technology Management (Federal Ministry of Science and Technology), Obafemi Awolowo University, Nigeria; Siyanbola, W.O., National Centre for Technology Management (Federal Ministry of Science and Technology), Obafemi Awolowo University, Nigeria; Adeniyi, A.A., Obafemi Awolowo University, Nigeria; Irefin, I.A., Obafemi Awolowo University, Nigeria

Abstract

This article 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. The authors 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. Copyright © 2009, IGI Global.

Author Keywords

Impact; Innovation; Nigeria; Small and medium enterprises

Index Keywords

Domestic markets; Export markets; Firm Performance; Impact; Incremental innovation; Level of innovation; New product development; Nigeria; Nigerians; Process Innovation; Product quality; Small and medium enterprise; Small and medium enterprises; Developing countries; Online searching; Product development; Project management; Innovation

Funding Details

None