What is it about?
Although Incremental innovation has been recognised as a key factor to SMEs’ survival and growth, this inspired recognition, analytical and empirical studies on SMEs’ incremental innovation practices are still measly in emerging economies. Drawing from the dynamic capabilities theory, the study sought to examine SMEs’ incremental innovation practices in Accra, Ghana.
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Why is it important?
Our findings show that the incremental innovation propensity and innovation types in the SMEs differ from small firms to medium firms and from manufacturing firms to service firms; the incremental innovation practices have improved SMEs performance in terms of increased customer satisfaction and loyalty, sales growth, competitiveness, and global market reach; while lack of financial resources, infrastructure, specialized personnel, and information on technology appear to be their major innovation management challenges.
Perspectives
Writing this article was a great pleasure as it contributes to SMEs theory and practice and offer novel theoretical insights for researchers and valuable managerial implications for managers of SMEs in emerging economies.
Kwamena Nyarku
University of Cape Coast
Read the Original
This page is a summary of: Incremental Innovations in Ghanaian SMEs: Propensity, Types, Performance and Management Challenges, Asia-Pacific Journal of Management Research and Innovation, December 2018, SAGE Publications,
DOI: 10.1177/2319510x18810034.
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