Learning and innovation in youth-owned small businesses
Purpose – The birth and survival rate of youth-owned businesses has been a major concern for policymakers, industry and academics alike. Learning and innovation play important roles and more critical is the mediating factors and how it impacts the enterprise competitiveness of youth-owned businesses...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2021-04-01
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| Series: | Rajagiri Management Journal |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/RAMJ-09-2020-0051/full/pdf?title=learning-and-innovation-in-youth-owned-small-businesses |
| _version_ | 1798019634672173056 |
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| author | Oluyemi Theophilus Adeosun Ayodele Ibrahim Shittu |
| author_facet | Oluyemi Theophilus Adeosun Ayodele Ibrahim Shittu |
| author_sort | Oluyemi Theophilus Adeosun |
| collection | DOAJ |
| description | Purpose – The birth and survival rate of youth-owned businesses has been a major concern for policymakers, industry and academics alike. Learning and innovation play important roles and more critical is the mediating factors and how it impacts the enterprise competitiveness of youth-owned businesses and hence worth studying. Therefore, this study aims to examine the impact of mediating factors such as government support, informal network society and external knowledge infrastructure on learning and innovation in youth-owned small businesses in Lagos, Nigeria, from a cross-sectional perspective. Design/methodology/approach – Leveraging the sectoral system of innovation theory, we use a primary research method and data obtained from a structured questionnaire administered among a sample of 1,000 registered youth-owned small businesses in Lagos, while 30 in-depth interviews were also conducted. The exploratory factor analysis was used for data examination. Findings – The findings show that even though government support, informal network society and external knowledge all have a positive relationship with learning and innovation in youth-owned small businesses, government support has the most impactful impact. The informal network society via a trade association, professional network and social media are also critical in knowledge transfer in youth-owned businesses. Originality/value – The significance of learning and innovation is more important as many small businesses do not have the privilege of standard human resource management (HRM) systems. This paper looks at the mediating factors affecting the introduction of innovative practices in youth-owned and managed small businesses and how productivity is enabled in a developing county context. |
| first_indexed | 2024-04-11T16:43:59Z |
| format | Article |
| id | doaj.art-8e1acd5c74204bdab15d5bf6effdfff2 |
| institution | Directory Open Access Journal |
| issn | 0972-9968 2633-0091 |
| language | English |
| last_indexed | 2024-04-11T16:43:59Z |
| publishDate | 2021-04-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Rajagiri Management Journal |
| spelling | doaj.art-8e1acd5c74204bdab15d5bf6effdfff22022-12-22T04:13:36ZengEmerald PublishingRajagiri Management Journal0972-99682633-00912021-04-01151698710.1108/RAMJ-09-2020-0051659022Learning and innovation in youth-owned small businessesOluyemi Theophilus Adeosun0Ayodele Ibrahim Shittu1Department of Economics, University of Lagos, Lagos, NigeriaDepartment of Economics, University of Lagos, Lagos, NigeriaPurpose – The birth and survival rate of youth-owned businesses has been a major concern for policymakers, industry and academics alike. Learning and innovation play important roles and more critical is the mediating factors and how it impacts the enterprise competitiveness of youth-owned businesses and hence worth studying. Therefore, this study aims to examine the impact of mediating factors such as government support, informal network society and external knowledge infrastructure on learning and innovation in youth-owned small businesses in Lagos, Nigeria, from a cross-sectional perspective. Design/methodology/approach – Leveraging the sectoral system of innovation theory, we use a primary research method and data obtained from a structured questionnaire administered among a sample of 1,000 registered youth-owned small businesses in Lagos, while 30 in-depth interviews were also conducted. The exploratory factor analysis was used for data examination. Findings – The findings show that even though government support, informal network society and external knowledge all have a positive relationship with learning and innovation in youth-owned small businesses, government support has the most impactful impact. The informal network society via a trade association, professional network and social media are also critical in knowledge transfer in youth-owned businesses. Originality/value – The significance of learning and innovation is more important as many small businesses do not have the privilege of standard human resource management (HRM) systems. This paper looks at the mediating factors affecting the introduction of innovative practices in youth-owned and managed small businesses and how productivity is enabled in a developing county context.https://www.emerald.com/insight/content/doi/10.1108/RAMJ-09-2020-0051/full/pdf?title=learning-and-innovation-in-youth-owned-small-businessesinnovationlearningyouthsmall businesssectoral systems innovationd80d83o30031038 |
| spellingShingle | Oluyemi Theophilus Adeosun Ayodele Ibrahim Shittu Learning and innovation in youth-owned small businesses Rajagiri Management Journal innovation learning youth small business sectoral systems innovation d80 d83 o30 031 038 |
| title | Learning and innovation in youth-owned small businesses |
| title_full | Learning and innovation in youth-owned small businesses |
| title_fullStr | Learning and innovation in youth-owned small businesses |
| title_full_unstemmed | Learning and innovation in youth-owned small businesses |
| title_short | Learning and innovation in youth-owned small businesses |
| title_sort | learning and innovation in youth owned small businesses |
| topic | innovation learning youth small business sectoral systems innovation d80 d83 o30 031 038 |
| url | https://www.emerald.com/insight/content/doi/10.1108/RAMJ-09-2020-0051/full/pdf?title=learning-and-innovation-in-youth-owned-small-businesses |
| work_keys_str_mv | AT oluyemitheophilusadeosun learningandinnovationinyouthownedsmallbusinesses AT ayodeleibrahimshittu learningandinnovationinyouthownedsmallbusinesses |