Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State

The study has the general objective to determine the extent of the relationship between technological innovativeness and firm growth using small scale manufacturing firms in Lagos State. The independent variable of technological innovativeness was operationalized into product-oriented innovativeness...

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Main Authors: C.F. Obunike, A.A. Udu
Format: Article
Language:English
Published: Simon Kuznets Kharkiv National University of Economics 2018-12-01
Series:Економіка розвитку
Subjects:
Online Access:https://ecdev.com.ua/journals/t-17-4-2018/tekhnologichna-innovatsiynist-ta-zrostannya-doslidzhennya-malikh-virobnichikh-firm-shtatu-lagos
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author C.F. Obunike
A.A. Udu
author_facet C.F. Obunike
A.A. Udu
author_sort C.F. Obunike
collection DOAJ
description The study has the general objective to determine the extent of the relationship between technological innovativeness and firm growth using small scale manufacturing firms in Lagos State. The independent variable of technological innovativeness was operationalized into product-oriented innovativeness and process-oriented innovativeness, while the dependent variables of firm growth were operationalized into sales growth, employment growth, growth in firm size and market shares growth. This study employs exploration correlational research design. The sample population of a small scale enterprise in Lagos State accounts for eleven thousand and forty-four (11,044). Yamane’s formula was used to get the sample size of three hundred and eighty-six (386), this was approximated to the nearest hundred to have 400 for equal distribution. Data gathered for this study was analyzed using the Pearson’s Product Moment Correlation analysis in order to determine the relationship between them and a simple linear regression analysis to establish the extent of relationship between them using statistical Package for Social Science (SPSS) version 2.3. The correlation statistic shows that the linkage between the independent and dependent variables was low to moderate that product-oriented innovativeness shows a moderate positive relationship with sales and employment growth, while the process-oriented innovativeness shows low positive relationship with firm size thus allowing for regression analysis
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spelling doaj.art-9f9ab8338e07420185172e71c09fee502024-03-14T14:04:56ZengSimon Kuznets Kharkiv National University of EconomicsЕкономіка розвитку1683-19422304-61552018-12-011743953http://doi.org/10.21511/ed.17(4).2018.05101Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos StateC.F. ObunikeA.A. UduThe study has the general objective to determine the extent of the relationship between technological innovativeness and firm growth using small scale manufacturing firms in Lagos State. The independent variable of technological innovativeness was operationalized into product-oriented innovativeness and process-oriented innovativeness, while the dependent variables of firm growth were operationalized into sales growth, employment growth, growth in firm size and market shares growth. This study employs exploration correlational research design. The sample population of a small scale enterprise in Lagos State accounts for eleven thousand and forty-four (11,044). Yamane’s formula was used to get the sample size of three hundred and eighty-six (386), this was approximated to the nearest hundred to have 400 for equal distribution. Data gathered for this study was analyzed using the Pearson’s Product Moment Correlation analysis in order to determine the relationship between them and a simple linear regression analysis to establish the extent of relationship between them using statistical Package for Social Science (SPSS) version 2.3. The correlation statistic shows that the linkage between the independent and dependent variables was low to moderate that product-oriented innovativeness shows a moderate positive relationship with sales and employment growth, while the process-oriented innovativeness shows low positive relationship with firm size thus allowing for regression analysishttps://ecdev.com.ua/journals/t-17-4-2018/tekhnologichna-innovatsiynist-ta-zrostannya-doslidzhennya-malikh-virobnichikh-firm-shtatu-lagostechnological innovativenessbusiness growthproduct-oriented innovativenessprocess-oriented innovativeness
spellingShingle C.F. Obunike
A.A. Udu
Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State
Економіка розвитку
technological innovativeness
business growth
product-oriented innovativeness
process-oriented innovativeness
title Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State
title_full Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State
title_fullStr Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State
title_full_unstemmed Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State
title_short Technological innovativeness and growth: a study of small scale manufacturing firms in Lagos State
title_sort technological innovativeness and growth a study of small scale manufacturing firms in lagos state
topic technological innovativeness
business growth
product-oriented innovativeness
process-oriented innovativeness
url https://ecdev.com.ua/journals/t-17-4-2018/tekhnologichna-innovatsiynist-ta-zrostannya-doslidzhennya-malikh-virobnichikh-firm-shtatu-lagos
work_keys_str_mv AT cfobunike technologicalinnovativenessandgrowthastudyofsmallscalemanufacturingfirmsinlagosstate
AT aaudu technologicalinnovativenessandgrowthastudyofsmallscalemanufacturingfirmsinlagosstate