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

Dr. Salau Nurudeen Adeyemi Prof. Adewoye Jonathan Oyerinde Dr. Adesokan Joseph Ayantoso

Subject area: Science,Engineering and Technology  ·  Area of research: Entrepreneurial ship

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

References

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How to cite this paper

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
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, vol. 7, no. 1, Jul. 2023
Dr. Salau Nurudeen Adeyemi, Prof. Adewoye Jonathan Oyerinde, Dr. Adesokan Joseph Ayantoso (2023). Technological Innovation and SMEs Sales Growth (A Case Study of Some Selected SMEs in Lagos State.. Iconic Research And Engineering Journals, 7(1).
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, vol. 7, no. 1, Jul. 2023.
@article{1704899,
      author = {Dr. Salau Nurudeen Adeyemi, Prof. Adewoye Jonathan Oyerinde, Dr. Adesokan Joseph Ayantoso},
      title = {Technological Innovation and SMEs Sales Growth (A Case Study of Some Selected SMEs in Lagos State.},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {7},
      number = {1},
      pages = {370-380},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1704899.pdf},
      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},
      month = {July},
  }