INNOVATION AND ENTREPRENEURSHIP PERFORMANCE IN ABA, ABIA STATE, NIGERIA
-
Kenneth Nduka Omede(1*)
Novena University, Ogume, Delta State, Nigeria
-
Aghanenu Aghanenu(2)
Novena University, Ogume, Delta State, Nigeria
(*) Corresponding Author
Abstract
This study examined the influence of innovation on the performance of entrepreneurship in Aba, Abia State, Nigeria. Three hypotheses were formulated to ascertain whether or not there is significant relationship existing between the two intervening variables i.e. innovation and entrepreneurship performance in Aba, Abia State. Survey research design was adopted, while data were obtained through structured questionnaire and analyzed using Pearson’s product-moment coefficient of correlation. From the analysis, the result showed that there is an existing relationship between innovation and performance of entrepreneurship. Based on the findings it was concluded that for entrepreneurship to stand the test of time in the face of escalating competition in the emerging economies like Nigeria, premium must be placed on formulating and developing innovative culture aimed at encouraging employees to bring on board innovative ideas and strategies capable of providing innovative product and services to the customers with valued and satisfying benefits better than competitors to enhance performance and productivity. The study therefore, recommended among others that entrepreneurship policies and program should be designed in ways that addresses horizontal concerns and which generates better and viable inducement for innovation activities.
Keywords: Innovation, Inducement, Entrepreneurship, Emerging Economy, Innovative Culture
Downloads
Download data is not yet available.
References
Bagno, R.B., Salerno, M.S. & Dias, A.V.C. (2017). Innovation as a new organizational function: Evidence and characterization from large industrial companies in Brazil. Production, 27
Baron, R. A. (2007). Behavioral and cognitive factors in entrepreneurship: entrepreneurs as the active element in new ventures creation strategic
Baron, R.A (2008). The role of affect in the entrepreneurship process. Academy of management review, 33, 328-340.
Braunerhjelm, A.Z. & Audretsch, C.B.D (2009). The knowledge spillover theory of entrepreneurship. Small Business Economics, 32(1), 15-30
Chesbrough, H. & Gassmann, O. (2003). Opening up Innovation Process; towards an Agenda. R.D Management 36(3), 223-228.
Chesbrough, H. & Crowthew, A.K (2006). Be Young High Tech: Calmly Adopers of Open Innovation Consumer Electornics
Copper, J.R (1998). A multidimensional approach to the adoption of innovation, Management Decision, 36(8), 493-502
Cornwall, R.J. & Perlman, B. (1990). Organizational Entrepreneurship, Irwin, Boston, MA.
Covin, J. G. & Miles, M. P. (1999). Corporate entrepreneurship and the pursuit of competitive advantage. Entrepreneurship theory and practice, 23(1), 47-93.
Cubical, I. (2009). Innovations in Small and Medium Enterprises in Solvakia.
Daft, R.L. (1998). Organizational Theory and Design, 6th ed., Ohio, South-Western Publishing.
Drucker, P.F. (1998). The discipline of innovation, Harvard Business Review, Vol. 76(6), 149-157
Elbaz, J, Binkaur, M, & Majdouline, (2013). Innovation and Entrepreneurship: An Empirical study of Moroccan Firms. Conference Presentations. https://www.researchgate.net/publication 1272353596.
Emmanuel, C.L. (2008). Entrepreneurship: A conceptual approach (2nd Edition) Lagos, Pumark Nigeria Limited Educational Publishers.
Essegbey, G.O., Sakyi-Dawson, O., Kossou, D., Ouologuem, B., Dembele, F.,Adu acheampong, R. & Jiggins, J. (2017). External influence on agro-enterprise innovation platforms in Benin, Ghana and Mali-option for effective responses, cahiers Agriculture, 26, 1-9
European Commission (1995). Green Paper on innovation Brussels.
Fayolle. A, (2004). A la recherche du coeur de I’entrepreneuriat : vers une nouvelle vision du domaine, Revue international P.M.E, Vol. 17(1), 225-240.
Filion, L.J, (1997). La champ de I’entrepreneuriat: historique, evolution, tendances. Revue Internationale P.M.E, 10(2), 195-210
Friis, C. Paulsson, T. & Karlsson, C. (2002). Entrepreneurship and Economic Growth, a critical review of Empirical and Theoretical Research: Institute for Tillvaxpoulitiska Studier (ITPS), Ostersund.
Green, s., Gavin, M. & Aiman-Smith, L. (1995). Assessing a multidimensional measure of radical technological innovation, IEE Transaction of engineering management, 2(3) 203-214.
Gunday L., Ulusoy, R. Kilic C., & Alpkan, D. (2011). Effects of Innovation Types on Firm Perfomance. International Journal of Production Economics 133(2), 662-676.
Guth, W. D. & Ginsberg, A. (1990). Corporate entrepreneurship. Strategic Management Journal, 11, Special Issue, 5-15
Hoskisson, R.E, Covin.J, Volberda, H.W, & Johnson, R.A., (2011). Revitalizing Entrepreneurship: The Search for New Research Opportunities. Journal of Management Studies 48(6), 1141-1168
Hult C., Hurley, D., & Knight, C. (2004). Innovativeness: its antecedents and impact on business performance. Industrial Marketing Management, 33(5) 429-438
Innovation Union: http://ec.europa.eu/reserarch/innovation-union/index_en.cfm?pg=intro(20.09.2013).
Innovation Booster (2017). Intrapreneurs: the necessary employees for established organizations today.
Ireland, R, Covin, J. & Kuratko, D. (2009). Conceptualizing corporate entrepreneurship strategy. Entrepreneurship theory and practice, (33) 19-46
Iversen, J., Jorgensen, R., Malchow-Moller, N. & Schjerning, B. (2005). Defining and Measuring Entrepreneurship, Centre for Economic and Business Research
James, H. (2014). Shell is losing more oil sabotage and theft in Niger Delta is causing big jumps in spills. Dow Jones and Company Incorporation: the wall street Journal. Retrieved form https://sts.wsj.net/in
Johnson, D. (2001), what is innovation and entrepreneurship? Lessons for large organizations, Industrial and Commercial Training, 33(4), 135-140
Julien, P. A. (2005). Entrepreneuriat regional et economie de la connaissance, une metaphore des romans policies, Presses de I’Universite du Quebec.
Katila, R. (2002). Measuring innovation performance, in neely, A. (Ed), business performance Measurement: Theory and Practice, Cambridge University Press, Cambridge, pp. 304 – 18
Keizer, Dijstra & Halman, (2002). Explaining innovative efforts of SMEs: An exploratory survey among SMEs in the mechanical and electrical engineering sector in the Netherland, Techovation, 22(1) 1-13.
Knox, S. (2002). The boardroom agenda: developing the innovative organization, Corporate Governance, 2(1), 27-39.
Kogabayev, T. & Maziliauskas, A. (2017). The definition and classification of innovation. Holistca, 8(1), 59-72.
Kuratko, D. & Audretsch, D. (2009). Strategic entrepreneurship: exploring different perspectives of an emerging concept. Entrepreneurship theory and practice, 33, 1-17
Lambert, L. (2016). Intrapreneurship: adding entrepreneurial value and innovation within a corporation 50 billion dollar boss: African American women sharing stories of success in entrepreneurship and leadership, 290-298.
Landstrom. H, (2005). Pioneers in Entrepreneurship and Small Business Research, New York: Springer.
Lumpkin, G.T. & Dess, G.G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance, Academy of Management Review, 21(1) 135-72
McAdam, R.,& Kogh, K., (2004). Transitioning towards creativity and innovation measurement in SMEs. Creativity and Innovation Management 13(2), 126-141.
McDowell, T.C. (2017). A comprehensive study of entrepreneurship as a cultural form of innovation and sustainable competitive advantage. A dissertation submitted to the Bisk College of business at Florida institute of technology in partial fulfillment of the requirement for the degree of doctor of business administration.
Miller, D (1998). Relating Porter’s business strategies to environment and structure: analysis and performance implications, Academy of Management Journal. 31(2) 280-308
Mohammed, A, & Abimiku, J. (2015). Innovation among Small and Medium Enterprises in Nigeria. Journal of Resourcefulness and Distinction, 11(1), 250-263.
Morris, M.H. (1998). Entreprenerural intensity: Sustainable advantages for individuals, organization and societies, Westport, Quorum Books.
Mukhopadhyay, S.K. & Ye, G. (2017). Effect of CSR on product differentiation in the presence of cost advantage. Journal of economics and social development, 4(1), 15-26.
OCDE, (2007). Programme d’indicateurs de I’entrepreneuriat: Rapport d’ etape et prosposiotons de definitions et d’indicateurs cles, paris.
OECD, Oslo Manual (2005). Proposed Guidelines for Collecitn and interpreting Technological Innovation Data. Paris.
Ogbari, M.E., Oke, A.O., Ibukunoluwa, A.A., Ajagbe, M.A. & Ologbo, A.C. (2016). Entrepreneurship and business ethics: implications on corporate performance. International Journal of Economics and Financial Issues, 6(3), 50-58.
Olokundun, M, Falola, H, Ibidunni, S, Ogunnaike, O, Peter, F. & Kehinde, O. (2017). Intrapreneurship and Innovation Performance: A Conceptual Model. Academy of Strategic Management Journal, 17(2), 240-265.
Olokundun, M.A., Ibidunni, A.s., Peter, F., Amaihian, A.B., Moses, C.L. & Iyiola, O.O. (2017). Experiential pedagogy and shared vision: A focus on identification of business opportunities by Nigerian university students. Journal of Entrepreneurship Education, 20(2), 1-12.
Olughor, R.J, (2015). Effect of Innovation on the Performance of SMEs organization in Nigeria, Management, 5(3), 90-95.
Omodafe, U.P. & Nwaizugbo, I.C. (2017). Innovative Marketing and Performance of Selected SMEs in Delta State, Nigeria. International Journal of Small Business and Entrepreneurship Research, 5(3); 1-18.
Poolton, J. and Ismail, H. (2000). New developments in innovation. Journal of Managerial Psychology 15(8), 795-811.
Rivera, M.J. (2017). Leveraging innovation & intrapreneurship as a source for organizational growth. International journal of innovation science, 9(2), 137-152.
Robbins, S.P., Bergman, R. & Stagg, I. (2000). Management, Sydney: Pearson Education.
Robert, B., & Tucker, A., (2008). Driver Growth through Innovation: How Leading firms are transforming their futures (2nd ed). U.S: Berrette-Koehler Publishers.
Rothwell, R. (1994). Towards the fifth-generation innovation process, International Marketing Review, 11(1), 7-31
Shane, S. A. (2003). A General Theory of Entrepreneurship: the individual- opportunity Nexus. Cheltenham: Edward Elgar.
Suhag, A., Solangi, S.R., Larik, R.S.A., Lakho, M.K. & Tagar, A.H. (2017). The relationship of innovation with organizational performance. International Journal of Research: Granthaalayah, 5(2), 292-306.
Teece, D.J. Pissano, G, & Shuen, A. (1997). Dynamic Capabilities and Strategic Management. Strategic Management Journal 18(7), 509-533.
Ucbasaran, D., Westhead, P., Wright, M. & Flores, M. (2010). The nature of entrepreneurial experience, business failure and comparative optimism. Journal of Business Venturing, 25, 541-55.
Van de Ven, A. H. (1986). Central problems in the management of innovation. Management science. 32, 590-607
Verstraete, T. & Fayolle, A. (2004). Quatre paradigms pour cerner le domaine de PME, recherché en entreprenariat, 7e Congress International Francophone en Entrepreneuriat et PME, Monpellier, 27, 28, 29 Octobre.
Welter. F, & Lasch, F, (2008). Entrepreneurship research in Europe: taking stock and looking forward Entrepreneurship Theory and Practice 32 (2), 241-248.
Yahya,A;Marwan,A;&Muna,S;(2011). Technology Orientation, Innovation and Business Performance: A Study of Dubai SMEs. The International Technology Management Review, 3(1), 1-11
Yang, Z., Sun, J., Zhang, y. & Wang, Y. (2017). Green, green it’s green: A tidal model of technology, culture and innovation for corporate sustainability. Sustainability, 1-23.
Zhao, F. (2005). Managing innovation and quality of collaborative R&D, proceedings of 5th international & 8th National Research Conference, Melbourne.
Baron, R. A. (2007). Behavioral and cognitive factors in entrepreneurship: entrepreneurs as the active element in new ventures creation strategic
Baron, R.A (2008). The role of affect in the entrepreneurship process. Academy of management review, 33, 328-340.
Braunerhjelm, A.Z. & Audretsch, C.B.D (2009). The knowledge spillover theory of entrepreneurship. Small Business Economics, 32(1), 15-30
Chesbrough, H. & Gassmann, O. (2003). Opening up Innovation Process; towards an Agenda. R.D Management 36(3), 223-228.
Chesbrough, H. & Crowthew, A.K (2006). Be Young High Tech: Calmly Adopers of Open Innovation Consumer Electornics
Copper, J.R (1998). A multidimensional approach to the adoption of innovation, Management Decision, 36(8), 493-502
Cornwall, R.J. & Perlman, B. (1990). Organizational Entrepreneurship, Irwin, Boston, MA.
Covin, J. G. & Miles, M. P. (1999). Corporate entrepreneurship and the pursuit of competitive advantage. Entrepreneurship theory and practice, 23(1), 47-93.
Cubical, I. (2009). Innovations in Small and Medium Enterprises in Solvakia.
Daft, R.L. (1998). Organizational Theory and Design, 6th ed., Ohio, South-Western Publishing.
Drucker, P.F. (1998). The discipline of innovation, Harvard Business Review, Vol. 76(6), 149-157
Elbaz, J, Binkaur, M, & Majdouline, (2013). Innovation and Entrepreneurship: An Empirical study of Moroccan Firms. Conference Presentations. https://www.researchgate.net/publication 1272353596.
Emmanuel, C.L. (2008). Entrepreneurship: A conceptual approach (2nd Edition) Lagos, Pumark Nigeria Limited Educational Publishers.
Essegbey, G.O., Sakyi-Dawson, O., Kossou, D., Ouologuem, B., Dembele, F.,Adu acheampong, R. & Jiggins, J. (2017). External influence on agro-enterprise innovation platforms in Benin, Ghana and Mali-option for effective responses, cahiers Agriculture, 26, 1-9
European Commission (1995). Green Paper on innovation Brussels.
Fayolle. A, (2004). A la recherche du coeur de I’entrepreneuriat : vers une nouvelle vision du domaine, Revue international P.M.E, Vol. 17(1), 225-240.
Filion, L.J, (1997). La champ de I’entrepreneuriat: historique, evolution, tendances. Revue Internationale P.M.E, 10(2), 195-210
Friis, C. Paulsson, T. & Karlsson, C. (2002). Entrepreneurship and Economic Growth, a critical review of Empirical and Theoretical Research: Institute for Tillvaxpoulitiska Studier (ITPS), Ostersund.
Green, s., Gavin, M. & Aiman-Smith, L. (1995). Assessing a multidimensional measure of radical technological innovation, IEE Transaction of engineering management, 2(3) 203-214.
Gunday L., Ulusoy, R. Kilic C., & Alpkan, D. (2011). Effects of Innovation Types on Firm Perfomance. International Journal of Production Economics 133(2), 662-676.
Guth, W. D. & Ginsberg, A. (1990). Corporate entrepreneurship. Strategic Management Journal, 11, Special Issue, 5-15
Hoskisson, R.E, Covin.J, Volberda, H.W, & Johnson, R.A., (2011). Revitalizing Entrepreneurship: The Search for New Research Opportunities. Journal of Management Studies 48(6), 1141-1168
Hult C., Hurley, D., & Knight, C. (2004). Innovativeness: its antecedents and impact on business performance. Industrial Marketing Management, 33(5) 429-438
Innovation Union: http://ec.europa.eu/reserarch/innovation-union/index_en.cfm?pg=intro(20.09.2013).
Innovation Booster (2017). Intrapreneurs: the necessary employees for established organizations today.
Ireland, R, Covin, J. & Kuratko, D. (2009). Conceptualizing corporate entrepreneurship strategy. Entrepreneurship theory and practice, (33) 19-46
Iversen, J., Jorgensen, R., Malchow-Moller, N. & Schjerning, B. (2005). Defining and Measuring Entrepreneurship, Centre for Economic and Business Research
James, H. (2014). Shell is losing more oil sabotage and theft in Niger Delta is causing big jumps in spills. Dow Jones and Company Incorporation: the wall street Journal. Retrieved form https://sts.wsj.net/in
Johnson, D. (2001), what is innovation and entrepreneurship? Lessons for large organizations, Industrial and Commercial Training, 33(4), 135-140
Julien, P. A. (2005). Entrepreneuriat regional et economie de la connaissance, une metaphore des romans policies, Presses de I’Universite du Quebec.
Katila, R. (2002). Measuring innovation performance, in neely, A. (Ed), business performance Measurement: Theory and Practice, Cambridge University Press, Cambridge, pp. 304 – 18
Keizer, Dijstra & Halman, (2002). Explaining innovative efforts of SMEs: An exploratory survey among SMEs in the mechanical and electrical engineering sector in the Netherland, Techovation, 22(1) 1-13.
Knox, S. (2002). The boardroom agenda: developing the innovative organization, Corporate Governance, 2(1), 27-39.
Kogabayev, T. & Maziliauskas, A. (2017). The definition and classification of innovation. Holistca, 8(1), 59-72.
Kuratko, D. & Audretsch, D. (2009). Strategic entrepreneurship: exploring different perspectives of an emerging concept. Entrepreneurship theory and practice, 33, 1-17
Lambert, L. (2016). Intrapreneurship: adding entrepreneurial value and innovation within a corporation 50 billion dollar boss: African American women sharing stories of success in entrepreneurship and leadership, 290-298.
Landstrom. H, (2005). Pioneers in Entrepreneurship and Small Business Research, New York: Springer.
Lumpkin, G.T. & Dess, G.G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance, Academy of Management Review, 21(1) 135-72
McAdam, R.,& Kogh, K., (2004). Transitioning towards creativity and innovation measurement in SMEs. Creativity and Innovation Management 13(2), 126-141.
McDowell, T.C. (2017). A comprehensive study of entrepreneurship as a cultural form of innovation and sustainable competitive advantage. A dissertation submitted to the Bisk College of business at Florida institute of technology in partial fulfillment of the requirement for the degree of doctor of business administration.
Miller, D (1998). Relating Porter’s business strategies to environment and structure: analysis and performance implications, Academy of Management Journal. 31(2) 280-308
Mohammed, A, & Abimiku, J. (2015). Innovation among Small and Medium Enterprises in Nigeria. Journal of Resourcefulness and Distinction, 11(1), 250-263.
Morris, M.H. (1998). Entreprenerural intensity: Sustainable advantages for individuals, organization and societies, Westport, Quorum Books.
Mukhopadhyay, S.K. & Ye, G. (2017). Effect of CSR on product differentiation in the presence of cost advantage. Journal of economics and social development, 4(1), 15-26.
OCDE, (2007). Programme d’indicateurs de I’entrepreneuriat: Rapport d’ etape et prosposiotons de definitions et d’indicateurs cles, paris.
OECD, Oslo Manual (2005). Proposed Guidelines for Collecitn and interpreting Technological Innovation Data. Paris.
Ogbari, M.E., Oke, A.O., Ibukunoluwa, A.A., Ajagbe, M.A. & Ologbo, A.C. (2016). Entrepreneurship and business ethics: implications on corporate performance. International Journal of Economics and Financial Issues, 6(3), 50-58.
Olokundun, M, Falola, H, Ibidunni, S, Ogunnaike, O, Peter, F. & Kehinde, O. (2017). Intrapreneurship and Innovation Performance: A Conceptual Model. Academy of Strategic Management Journal, 17(2), 240-265.
Olokundun, M.A., Ibidunni, A.s., Peter, F., Amaihian, A.B., Moses, C.L. & Iyiola, O.O. (2017). Experiential pedagogy and shared vision: A focus on identification of business opportunities by Nigerian university students. Journal of Entrepreneurship Education, 20(2), 1-12.
Olughor, R.J, (2015). Effect of Innovation on the Performance of SMEs organization in Nigeria, Management, 5(3), 90-95.
Omodafe, U.P. & Nwaizugbo, I.C. (2017). Innovative Marketing and Performance of Selected SMEs in Delta State, Nigeria. International Journal of Small Business and Entrepreneurship Research, 5(3); 1-18.
Poolton, J. and Ismail, H. (2000). New developments in innovation. Journal of Managerial Psychology 15(8), 795-811.
Rivera, M.J. (2017). Leveraging innovation & intrapreneurship as a source for organizational growth. International journal of innovation science, 9(2), 137-152.
Robbins, S.P., Bergman, R. & Stagg, I. (2000). Management, Sydney: Pearson Education.
Robert, B., & Tucker, A., (2008). Driver Growth through Innovation: How Leading firms are transforming their futures (2nd ed). U.S: Berrette-Koehler Publishers.
Rothwell, R. (1994). Towards the fifth-generation innovation process, International Marketing Review, 11(1), 7-31
Shane, S. A. (2003). A General Theory of Entrepreneurship: the individual- opportunity Nexus. Cheltenham: Edward Elgar.
Suhag, A., Solangi, S.R., Larik, R.S.A., Lakho, M.K. & Tagar, A.H. (2017). The relationship of innovation with organizational performance. International Journal of Research: Granthaalayah, 5(2), 292-306.
Teece, D.J. Pissano, G, & Shuen, A. (1997). Dynamic Capabilities and Strategic Management. Strategic Management Journal 18(7), 509-533.
Ucbasaran, D., Westhead, P., Wright, M. & Flores, M. (2010). The nature of entrepreneurial experience, business failure and comparative optimism. Journal of Business Venturing, 25, 541-55.
Van de Ven, A. H. (1986). Central problems in the management of innovation. Management science. 32, 590-607
Verstraete, T. & Fayolle, A. (2004). Quatre paradigms pour cerner le domaine de PME, recherché en entreprenariat, 7e Congress International Francophone en Entrepreneuriat et PME, Monpellier, 27, 28, 29 Octobre.
Welter. F, & Lasch, F, (2008). Entrepreneurship research in Europe: taking stock and looking forward Entrepreneurship Theory and Practice 32 (2), 241-248.
Yahya,A;Marwan,A;&Muna,S;(2011). Technology Orientation, Innovation and Business Performance: A Study of Dubai SMEs. The International Technology Management Review, 3(1), 1-11
Yang, Z., Sun, J., Zhang, y. & Wang, Y. (2017). Green, green it’s green: A tidal model of technology, culture and innovation for corporate sustainability. Sustainability, 1-23.
Zhao, F. (2005). Managing innovation and quality of collaborative R&D, proceedings of 5th international & 8th National Research Conference, Melbourne.
Published
2021-11-19
How to Cite
Omede, K., & Aghanenu, A. (2021). INNOVATION AND ENTREPRENEURSHIP PERFORMANCE IN ABA, ABIA STATE, NIGERIA. Journal of Management : Small and Medium Enterprises (SMEs), 14(3), 257-275. https://doi.org/10.35508/jom.v14i3.4810
Section
Articles
