IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA
Purpose. The entrepreneurial activity has requirements that distinguish it from other professional activities, especially managerial activities and other requirements associated with recognizing business opportunities and engaging in innovative activity. Meanwhile, Entrepreneurial activities have...
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| Format: | Article |
| Language: | English |
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Juraj Dobrila University of Pula
2023-01-01
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| Series: | Review of Innovation and Competitiveness |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/455546 |
| _version_ | 1827314893843333120 |
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| author | Nafiu Isola Badiru |
| author_facet | Nafiu Isola Badiru |
| author_sort | Nafiu Isola Badiru |
| collection | DOAJ |
| description | Purpose. The entrepreneurial activity has requirements that distinguish it from other
professional activities, especially managerial activities and other requirements associated
with recognizing business opportunities and engaging in innovative activity. Meanwhile,
Entrepreneurial activities have been identified in the literature as drivers of SMEs’ growth
and development. The study determined the mechanisms by which entrepreneurial activities
impact the organisational innovativeness of Small and Medium Enterprises (SMEs) in Osun
State, Nigeria.
Design/Methodology/Approach. This study adopted a survey research design.
The population of this study consisted of three thousand and seven (3007) Owners/Managers
of registered SMEs in Osun State, Nigeria. The sample size of three hundred and fifty-three
(353) for the study was arrived at using the Taro Yamane formula for sample size. This study
employed a simple random sampling technique for the selection of respondents across all
the three senatorial districts in Osun State. The primary data used for the analyses were
collected from the respondents through the use of a structured questionnaire, and responses
were analysed using descriptive and inferential statistics.
Finding and Implication. Two hypotheses were proposed and tested. The first
hypothesis revealed a significant impact of creativity at (R2 = 0. 982, β = 0.1.004, t = 90.701,
p< 0.05) on SMEs organisational innovativeness and the second hypothesis revealed a
significant impact of knowledge transfer at (R2 = 0.993, β = 0.1.012, t = 144.459, p< 0.05)
on organisational innovativeness. Therefore, policymakers may be encouraged to develop
and support policies that promote a creative culture and facilitate knowledge-sharing
mechanisms among SMEs.
Limitations. The study focuses only on entrepreneurs’ creativity, without recognizing
the employee creativity. The study was also constrained by the cross-sectional and singlerespondent
nature of the study.
Originality. The claim about measuring performance with organisational
innovativeness remains unclear to SMEs in Nigeria because most of the researches were
carried out among large enterprises. |
| first_indexed | 2024-04-24T22:44:56Z |
| format | Article |
| id | doaj.art-9f23cf3ece34408dba4f7994225f9a86 |
| institution | Directory Open Access Journal |
| issn | 1849-8795 1849-9015 |
| language | English |
| last_indexed | 2024-04-24T22:44:56Z |
| publishDate | 2023-01-01 |
| publisher | Juraj Dobrila University of Pula |
| record_format | Article |
| series | Review of Innovation and Competitiveness |
| spelling | doaj.art-9f23cf3ece34408dba4f7994225f9a862024-03-18T14:13:51ZengJuraj Dobrila University of PulaReview of Innovation and Competitiveness1849-87951849-90152023-01-0191314610.32728/ric.2023.91/2407IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIANafiu Isola Badiru0Department of Business Administration, Faculty of Management Sciences, Okuku Campus, Osun State University, Osogbo, Osun State, NigeriaPurpose. The entrepreneurial activity has requirements that distinguish it from other professional activities, especially managerial activities and other requirements associated with recognizing business opportunities and engaging in innovative activity. Meanwhile, Entrepreneurial activities have been identified in the literature as drivers of SMEs’ growth and development. The study determined the mechanisms by which entrepreneurial activities impact the organisational innovativeness of Small and Medium Enterprises (SMEs) in Osun State, Nigeria. Design/Methodology/Approach. This study adopted a survey research design. The population of this study consisted of three thousand and seven (3007) Owners/Managers of registered SMEs in Osun State, Nigeria. The sample size of three hundred and fifty-three (353) for the study was arrived at using the Taro Yamane formula for sample size. This study employed a simple random sampling technique for the selection of respondents across all the three senatorial districts in Osun State. The primary data used for the analyses were collected from the respondents through the use of a structured questionnaire, and responses were analysed using descriptive and inferential statistics. Finding and Implication. Two hypotheses were proposed and tested. The first hypothesis revealed a significant impact of creativity at (R2 = 0. 982, β = 0.1.004, t = 90.701, p< 0.05) on SMEs organisational innovativeness and the second hypothesis revealed a significant impact of knowledge transfer at (R2 = 0.993, β = 0.1.012, t = 144.459, p< 0.05) on organisational innovativeness. Therefore, policymakers may be encouraged to develop and support policies that promote a creative culture and facilitate knowledge-sharing mechanisms among SMEs. Limitations. The study focuses only on entrepreneurs’ creativity, without recognizing the employee creativity. The study was also constrained by the cross-sectional and singlerespondent nature of the study. Originality. The claim about measuring performance with organisational innovativeness remains unclear to SMEs in Nigeria because most of the researches were carried out among large enterprises.https://hrcak.srce.hr/file/455546creativityentrepreneurial activitiesknowledge transferorganisational innovativenesssmes performance |
| spellingShingle | Nafiu Isola Badiru IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA Review of Innovation and Competitiveness creativity entrepreneurial activities knowledge transfer organisational innovativeness smes performance |
| title | IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA |
| title_full | IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA |
| title_fullStr | IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA |
| title_full_unstemmed | IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA |
| title_short | IMPACT OF ENTREPRENEURIAL ACTIVITIES ON ORGANISATIONAL INNOVATIVENESS OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN OSUN STATE, NIGERIA |
| title_sort | impact of entrepreneurial activities on organisational innovativeness of small and medium enterprises smes in osun state nigeria |
| topic | creativity entrepreneurial activities knowledge transfer organisational innovativeness smes performance |
| url | https://hrcak.srce.hr/file/455546 |
| work_keys_str_mv | AT nafiuisolabadiru impactofentrepreneurialactivitiesonorganisationalinnovativenessofsmallandmediumenterprisessmesinosunstatenigeria |