STIMULATING INNOVATION AMONG SMEs IN AN INFORMAL CONTEXT: THE ROLE OF INDUSTRIAL CLUSTERING

lbidunni, Ayodotun S. and Ayeni, Adebanji William and Jevwegaga, Helen and Olokundun, Ayodele Maxwell (2018) STIMULATING INNOVATION AMONG SMEs IN AN INFORMAL CONTEXT: THE ROLE OF INDUSTRIAL CLUSTERING. In: 2ND COVENANT UNIVERSITY CONFERENCE ON ENTREPRENEURSHIP (CU-ICE), 2018, Covenant University Ota, Nigeria.

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Abstract

The focus of this research is to examine the role of industrial clustering in stimulating innovation among SME operators. A sample size of 65 owners/managers of technology-based small and medium enterprises were surveyed through the use of structured questionnaire. Linear and standard multiple regression were adopted in analysing the research instrument. The statistical analysis revealed that industrial clustering is an essential determinant of new product creation, product innovation and process innovation as patts of SMEs activities. Therefore, it is recommended that SMEs in Nigeria strengthen clustering activities with special lenses on issues tliat enhance new product creation, achieve higher levels of product innovation and continually ensure process innovation.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	04 Mar 2019 11:09
Last Modified:	04 Mar 2019 11:09
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/12451

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