Technological Innovation and SMEs Sales Growth (A Case Study of Some Selected SMEs in Lagos State.

• Author(s): Dr. Salau Nurudeen Adeyemi ; Prof. Adewoye Jonathan Oyerinde ; Dr. Adesokan Joseph Ayantoso
• Paper ID: 1704899
• Page: 370-380
• Published Date: 21-07-2023
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 7 Issue 1 July-2023

Abstract

Technological innovation is an important source of growth and a key determination of competitive advantage for many organizations. The study examined the effect of technological innovations on sales growth in some SMEs in Lagos State. Out of two hundred and five questionnaires that were distributed to SME owners/managers only One hundred and seventy-eight were completed and returned. PPMCC was used to analyzed the hypothesis tested. The study revealed that the result of the study revealed that all the measurements of technological innovation measurement (I.e., marketing innovation, entrepreneur innovativeness and business environment) have a positive significant relationship with SME sales growth in Lagos state. It was therefore recommended that SMEs owners/managers should develop a management technological innovation culture and model that suits the organisation taking into cognizance the cost, benefits, customers need and the industry.

Keywords

Business Environment, Entrepreneur Innovativeness, Marketing Innovation, Technological Innovation and SME Performance

Citations

IRE Journals:
Dr. Salau Nurudeen Adeyemi , Prof. Adewoye Jonathan Oyerinde , Dr. Adesokan Joseph Ayantoso "Technological Innovation and SMEs Sales Growth (A Case Study of Some Selected SMEs in Lagos State." Iconic Research And Engineering Journals Volume 7 Issue 1 2023 Page 370-380

IEEE:
Dr. Salau Nurudeen Adeyemi , Prof. Adewoye Jonathan Oyerinde , Dr. Adesokan Joseph Ayantoso "Technological Innovation and SMEs Sales Growth (A Case Study of Some Selected SMEs in Lagos State." Iconic Research And Engineering Journals, 7(1)