The Effect of Enterprise on Managerial Innovation Capacity

Israel Odion E. Idewele, Ruth Angbazo Andah, Muhammad Ridwan

Abstract


Business can offer an upper hand to a venture through hazardous choices that pay off improve creative items, administrations and markets in a troublesome managerial condition and by moving proactively to command a serious market. This investigation means to inspect the connection among business enterprise and managerial innovation capacity by considering subfactors, for example, creativity, proactiveness and chance taking, just as to investigate the connection between managerial innovation capacity and management performance. The examination decides the degree to which policy account and management support for little and medium-sized ventures (SMEs) assume the job of directing factors. Structure/technique/approach: Data assortment was done in 820 SMEs. To check the speculations, Covariance Structure Analysis was led utilizing EQS6b. Discoveries/results: The discoveries demonstrate that enterprise affects key arranging, innovative work, and innovation commercialisation. This examination found that managerial innovation limits effectsly affect management performance. Furthermore, this examination affirmed that when business enterprise influences managerial innovation exercises, policy financial support and management support fill in as arbitrators. Useful ramifications: Small and medium-sized undertakings should upgrade their innovation capacity and extend inventive business enterprise and policy account to carry out seriousness, endure and show constant turn of events and development in an evolving situation. Inventiveness/esteem: The investigation furnishes SME with data they can use to build their attention to interior managerial innovation exercises, which are the first wellsprings of upper hand, and help advance innovative work (RD) and authoritative management for nonstop fortification of innovation capacity. The examination gives SME data they can use to expand their familiarity with inside managerial innovation exercises, which are the first wellsprings of upper hand, and help advance RD and authoritative management for consistent support of innovation capacity.

 


Keywords


enterprise; managerial innovation capacity; policy financial support; management support; management performance

Full Text:

PDF

References


Albert, S., Ashforth, B.E., & Dutton, J.E. (2000). Organizational identity and identification: Charting new waters and building new bridges. The Academy of Management Review, 25(1), 13–18. https://doi.org/10.5465/amr.2000.2791600.

Ade Yusuf (2021), The Influence of Product Innovation and Brand Image on Customer Purchase Decision on Oppo Smartphone Products in South Tangerang City,Budapest International Research and Critics Institute-Journal (BIRCI-Journal) 1(4),472-481 doi.org/10.33258/birci.v4i1.1629.

Al-Mamun, A., Kumar, N., Ibrahim, M.D., & Bin Yusoff, M.N.H. (2017).Validating the measurement of entrepreneurial orientation.Economics and Sociology, 10(4), 51–66. https://doi.org/10.14254/2071-789X.2017/10-4/5

Alzuod, M.A., &Kharabsheh, R. (2015).The influence of managerial innovation onfirm performance in Jordanian commercial banks. Conference on Business Management Research II (CBMR II 2015), Sintok, Kedah, Malaysia.

Bagozzi, R.P., & Yi, Y. (1988).On the evaluation of structural equation models.Journalof the Academy of Marketing Science, 16(1), 74–94. https://doi.org/10.4236/jss.2016.43010

Bentler, P.M. (2004). EQS 6 equations manual. Encino, CA: Multivariate Software.

Bock, A.J., & George, G. (2011).The business model in practice and its implications for entrepreneurship research.Entrepreneurship Theory and Practice, 35(1), 83–111. https://doi.org/10.1111/j.1540-6520.2010.00424.x

Buckley, M.R., Cote, J.A., & Comstock, S.M. (1990). Measurement errors in the behavioral sciences: The case of personality/attitude research. Educational andPsychological Measurement, 50(3), 447–474. https://doi.org/10.1177/0013164490503001

Burgelman, R., Christensen, C., & Wheelwright, S. (2009). Strategic management oftechnology and innovation.New York: McGraw-Hill Irwin.

Burns, T., & Stalker, G.M. (1961).The management of innovation. London: Tavistock Publishing.

Cohen, W.A., &Levinthal, D.A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128–152. https://doi.org/10.2307/2393553

Covin, J.G., &Slevin, D.P. (1989).Strategic management of small firms in hostile and benign environments.Strategic Management Journal, 10(1), 75–87. https://doi.org/10.1002/smj.4250100107

Covin, J.G., &Slevin, D.P. (1991). A conceptual model of entrepreneurship as firm behaviour. Entrepreneurship Theory and Practice, 16(1), 7–26. https://doi. org/10.1177/104225879101600102

Covin, J.G., & Wales, W.J. (2018). Crafting high-impact entrepreneurial orientation research: Some suggested guidelines. Entrepreneurship Theory and Practice, 43(1), 3–18. https://doi.org/10.1177/1042258718773181

Daugherty, P.J., Chen, H., &Ferrin, B.G. (2011). Organizational structure and logistics service innovation. International Journal of Logistics Management, 22(1), 26–51. https://doi.org/10.1108/09574091111127543

Dess, G.G., & Lumpkin, G.T. (2005).The role of entrepreneurial orientation in stimulating effective corporate entrepreneurship.Academy of ManagementExecutive, 19(1), 147–156. https://doi.org/10.5465/ame.2005.15841975

Drucker, P.F. (1985). Innovation and entrepreneurship practice and principles (pp. 150–152). New York: Harper and Row.

Fornell, C., & Larker, D. (1981).Evaluating structural equation models with unobservable variables and measurement errors.Journal of Marketing Research, 18(2), 39–50. https://doi.org/10.1177/002224378101800313

Frishammar, J., &Horte, S.A. (2007).The role of market orientation and entrepreneurial orientation for new product development performance in manufacturing firms.Technology Analysis and Strategic Management, 19(6), 765–788. https://doi.org/10.1080/09537320701711231

Guan, J., & Ma, N. (2003). Innovative capability and export performance of Chinese firms. Technovation, 23(9), 737–747. https://doi.org/10.1016/s0166-4972(02)00013-5

J. Jose Prabhu(2020): Perspectives and Empirical Study of Engineering College students towards Entrepreneurship, Konfrontasi Journal: Culture, Economy and Social Changes, 7 (4),331-342.DOI: https://doi.org/10.33258/konfrontasi2.v7i4.131

Rogers, M. (1998).The definition and measurement of innovation.MelbourneInstitute Working Paper Series, Melbourne Institute of Applied Economic andSocial Research, The University of Melbourne.

Short, J.C., Broberg, J.C., Cogliser, C.C., & Brigham, K.C. (2009). Construct validation using computer-aided text analysis (CATA): An illustration using entrepreneurial orientation. Organizational Research Methods, 13(2), 320–347. https://doi.org/10.1177/1094428109335949

Van Zyl, H.J.C., &Mathur-Helm. (2007). Exploring a conceptual model, based on the combined effects of entrepreneurial leadership, market orientation and relationship marketing orientation on south Africa’s small tourism business performance. South African Journal of Business Management, 38(2), 17–24. https://doi.org/10.4102/sajbm.v38i2.580

Venkatraman, N., &Ramanujam, V. (1986). Measurement of business performance in strategy research: A comparison of approaches. Academy of ManagementReview, 11(4), 801–814. https://doi.org/10.5465/amr.1986.4283976

Vozikis, G.S., Bruton, G.D., Prasad, D., &Merikas, A.A. (1999).Linking corporate entrepreneurship to financial theory through additional value creation.Entrepreneurship Theory and Practice, 24(2), 33–43. https://doi.org/10.1177/104225879902400204

Wang, C., Lu, I., & Chen, C. (2008).Evaluating firm technological innovation capability under uncertainty.Technovation, 28(6), 349–363. https://doi.org/10.1016/j.technovation.2007.10.007

Westerberg, M., Singh, J., &Hackner, E. (1997). Does the CEO matter? ScandinavianJournal of Management, 13(3), 251–270.

White, M.A., &Bruton, G.D. (2007).Themanagement of technology and innovation:A strategic approach. Mason, OH: Thomson South-Western.

Wixom, B.H., & Watson, H.J. (2001).An empirical investigation of the factors affecting data warehousing success.MIS Quarterly, 25(1), 17–32.

Yam, R.C.M., Pun, P.K., & Tang, E.P.Y. (2004). An audit of technological innovation capabilities in Chinese firm: Some empirical findings in Beijing. Research Policy,33(8), 1123–1140. https://doi.org/10.1016/j.respol.2004.05.004

Yang, Z., Li-Hua, R., Zhang, X., & Wang, Y. (2007). Corporate entrepreneurship and market performance: An empirical study in China. Journal of TechnologyManagement in China, 2(2), 154–163. https://doi.org/10.1108/17468770710756086




DOI: https://doi.org/10.33258/birci.v4i2.1971

Article Metrics

Abstract view : 140 times
PDF - 110 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.