Innovative Performance of Small and Medium Scale Enterprises

Joseph Kwadwo Tuffour; Martina Awonate Agbaam; Felicia Lynda Edzeame; Ellen Efua Ntiamoah Aye-Darko; Kingsley Darko

doi:doi:10.11648/j.jbed.20180304.11

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Innovative Performance of Small and Medium Scale Enterprises

Joseph Kwadwo Tuffour, Martina Awonate Agbaam, Felicia Lynda Edzeame, Ellen Efua Ntiamoah Aye-Darko, Kingsley Darko

Published in Journal of Business and Economic Development (Volume 3, Issue 4)

Received: 16 October 2018 Accepted: 22 November 2018 Published: 26 December 2018

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Abstract

A driving force for competition in the present business environment is innovation. In a rapidly changing world, the need for innovation has increased. In many ways, innovation has become an important tool in the management of organisations, ensuring they have real opportunities to advance. Whiles only few innovative performance studies of Small and Medium Scale Enterprises (SMEs) in Ghana have been conducted, they evince low levels of innovation among surveyed SMEs. Thus, a study that focuses on innovative characteristics of SMEs in the Ghanaian context is key. The aim of the study is to examine factors constraining innovative performance of small and medium enterprises in Adentan Municipality of Ghana. The survey method of data collection was used to sample 400 respondents selected to obtain primary data for the study. Descriptive statistics were applied to the quantitative data. The study revealed that uncertainty, and financial and technological related constraints are the major factors constraining the innovative performance of SMEs in the Adentan Municipality. The study also pointed to financial and technical support as possible ways to curb the constraining factors of innovative performance among SMEs. At the same time, SMEs need to promote workers’ access to technology to improve innovation processes and support growth by increasing investment in Information Communication Technology (ICT). Deliberate mechanisms to facilitate access to technical and financial support for SMEs by government is recommended.

Published in	Journal of Business and Economic Development (Volume 3, Issue 4)
DOI	10.11648/j.jbed.20180304.11
Page(s)	106-112
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Innovative Performance, Small and Medium Scale Enterprises, Adentan Municipality

References

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APA Style

Joseph Kwadwo Tuffour, Martina Awonate Agbaam, Felicia Lynda Edzeame, Ellen Efua Ntiamoah Aye-Darko, Kingsley Darko. (2018). Innovative Performance of Small and Medium Scale Enterprises. Journal of Business and Economic Development, 3(4), 106-112. https://doi.org/10.11648/j.jbed.20180304.11

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ACS Style

Joseph Kwadwo Tuffour; Martina Awonate Agbaam; Felicia Lynda Edzeame; Ellen Efua Ntiamoah Aye-Darko; Kingsley Darko. Innovative Performance of Small and Medium Scale Enterprises. J. Bus. Econ. Dev. 2018, 3(4), 106-112. doi: 10.11648/j.jbed.20180304.11

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AMA Style

Joseph Kwadwo Tuffour, Martina Awonate Agbaam, Felicia Lynda Edzeame, Ellen Efua Ntiamoah Aye-Darko, Kingsley Darko. Innovative Performance of Small and Medium Scale Enterprises. J Bus Econ Dev. 2018;3(4):106-112. doi: 10.11648/j.jbed.20180304.11

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@article{10.11648/j.jbed.20180304.11,
  author = {Joseph Kwadwo Tuffour and Martina Awonate Agbaam and Felicia Lynda Edzeame and Ellen Efua Ntiamoah Aye-Darko and Kingsley Darko},
  title = {Innovative Performance of Small and Medium Scale Enterprises},
  journal = {Journal of Business and Economic Development},
  volume = {3},
  number = {4},
  pages = {106-112},
  doi = {10.11648/j.jbed.20180304.11},
  url = {https://doi.org/10.11648/j.jbed.20180304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20180304.11},
  abstract = {A driving force for competition in the present business environment is innovation. In a rapidly changing world, the need for innovation has increased. In many ways, innovation has become an important tool in the management of organisations, ensuring they have real opportunities to advance. Whiles only few innovative performance studies of Small and Medium Scale Enterprises (SMEs) in Ghana have been conducted, they evince low levels of innovation among surveyed SMEs. Thus, a study that focuses on innovative characteristics of SMEs in the Ghanaian context is key. The aim of the study is to examine factors constraining innovative performance of small and medium enterprises in Adentan Municipality of Ghana. The survey method of data collection was used to sample 400 respondents selected to obtain primary data for the study. Descriptive statistics were applied to the quantitative data. The study revealed that uncertainty, and financial and technological related constraints are the major factors constraining the innovative performance of SMEs in the Adentan Municipality. The study also pointed to financial and technical support as possible ways to curb the constraining factors of innovative performance among SMEs. At the same time, SMEs need to promote workers’ access to technology to improve innovation processes and support growth by increasing investment in Information Communication Technology (ICT). Deliberate mechanisms to facilitate access to technical and financial support for SMEs by government is recommended.},
 year = {2018}
}

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TY - JOUR
T1 - Innovative Performance of Small and Medium Scale Enterprises
AU - Joseph Kwadwo Tuffour
AU - Martina Awonate Agbaam
AU - Felicia Lynda Edzeame
AU - Ellen Efua Ntiamoah Aye-Darko
AU - Kingsley Darko
Y1 - 2018/12/26
PY - 2018
N1 - https://doi.org/10.11648/j.jbed.20180304.11
DO - 10.11648/j.jbed.20180304.11
T2 - Journal of Business and Economic Development
JF - Journal of Business and Economic Development
JO - Journal of Business and Economic Development
SP - 106
EP - 112
PB - Science Publishing Group
SN - 2637-3874
UR - https://doi.org/10.11648/j.jbed.20180304.11
AB - A driving force for competition in the present business environment is innovation. In a rapidly changing world, the need for innovation has increased. In many ways, innovation has become an important tool in the management of organisations, ensuring they have real opportunities to advance. Whiles only few innovative performance studies of Small and Medium Scale Enterprises (SMEs) in Ghana have been conducted, they evince low levels of innovation among surveyed SMEs. Thus, a study that focuses on innovative characteristics of SMEs in the Ghanaian context is key. The aim of the study is to examine factors constraining innovative performance of small and medium enterprises in Adentan Municipality of Ghana. The survey method of data collection was used to sample 400 respondents selected to obtain primary data for the study. Descriptive statistics were applied to the quantitative data. The study revealed that uncertainty, and financial and technological related constraints are the major factors constraining the innovative performance of SMEs in the Adentan Municipality. The study also pointed to financial and technical support as possible ways to curb the constraining factors of innovative performance among SMEs. At the same time, SMEs need to promote workers’ access to technology to improve innovation processes and support growth by increasing investment in Information Communication Technology (ICT). Deliberate mechanisms to facilitate access to technical and financial support for SMEs by government is recommended.
VL - 3
IS - 4
ER -

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Author Information

Joseph Kwadwo Tuffour

Research and Consultancy Centre, University of Professional Studies, Accra, Ghana
Martina Awonate Agbaam

Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Felicia Lynda Edzeame

Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Ellen Efua Ntiamoah Aye-Darko

Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Kingsley Darko

Department of Banking and Finance, University of Professional Studies, Accra, Ghana

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APA Style

Joseph Kwadwo Tuffour, Martina Awonate Agbaam, Felicia Lynda Edzeame, Ellen Efua Ntiamoah Aye-Darko, Kingsley Darko. (2018). Innovative Performance of Small and Medium Scale Enterprises. Journal of Business and Economic Development, 3(4), 106-112. https://doi.org/10.11648/j.jbed.20180304.11

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ACS Style

Joseph Kwadwo Tuffour; Martina Awonate Agbaam; Felicia Lynda Edzeame; Ellen Efua Ntiamoah Aye-Darko; Kingsley Darko. Innovative Performance of Small and Medium Scale Enterprises. J. Bus. Econ. Dev. 2018, 3(4), 106-112. doi: 10.11648/j.jbed.20180304.11

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AMA Style

Joseph Kwadwo Tuffour, Martina Awonate Agbaam, Felicia Lynda Edzeame, Ellen Efua Ntiamoah Aye-Darko, Kingsley Darko. Innovative Performance of Small and Medium Scale Enterprises. J Bus Econ Dev. 2018;3(4):106-112. doi: 10.11648/j.jbed.20180304.11

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@article{10.11648/j.jbed.20180304.11,
  author = {Joseph Kwadwo Tuffour and Martina Awonate Agbaam and Felicia Lynda Edzeame and Ellen Efua Ntiamoah Aye-Darko and Kingsley Darko},
  title = {Innovative Performance of Small and Medium Scale Enterprises},
  journal = {Journal of Business and Economic Development},
  volume = {3},
  number = {4},
  pages = {106-112},
  doi = {10.11648/j.jbed.20180304.11},
  url = {https://doi.org/10.11648/j.jbed.20180304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20180304.11},
  abstract = {A driving force for competition in the present business environment is innovation. In a rapidly changing world, the need for innovation has increased. In many ways, innovation has become an important tool in the management of organisations, ensuring they have real opportunities to advance. Whiles only few innovative performance studies of Small and Medium Scale Enterprises (SMEs) in Ghana have been conducted, they evince low levels of innovation among surveyed SMEs. Thus, a study that focuses on innovative characteristics of SMEs in the Ghanaian context is key. The aim of the study is to examine factors constraining innovative performance of small and medium enterprises in Adentan Municipality of Ghana. The survey method of data collection was used to sample 400 respondents selected to obtain primary data for the study. Descriptive statistics were applied to the quantitative data. The study revealed that uncertainty, and financial and technological related constraints are the major factors constraining the innovative performance of SMEs in the Adentan Municipality. The study also pointed to financial and technical support as possible ways to curb the constraining factors of innovative performance among SMEs. At the same time, SMEs need to promote workers’ access to technology to improve innovation processes and support growth by increasing investment in Information Communication Technology (ICT). Deliberate mechanisms to facilitate access to technical and financial support for SMEs by government is recommended.},
 year = {2018}
}

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