Knowledge acquisition has been a significant point for research and business practice. Noting that knowledge acquisition (KA) has been identified as an important practice for intellectual development and innovation, this study seeks to establish the relationship between KA through Industry Knowledge and knowledge from prior experience on product innovation (PI). This study, therefore, gives a hypothetical structure to examining knowledge acquisition and product innovation of small and medium scale enterprises; according to the framework, knowledge acquisition interacts with product innovation in the context of a knowledge-based economy. Using Survey data was collected from 500 manufacturing SMEs in the Eastern region of Ghana, the result showed that both knowledge acquisition (Prior Experience and Industry Knowledge) were found to have a statistically significant effect on SMEs' product innovation. The results also revealed that Learning Flexibility partially mediates the relationship between Prior Experience and SME product innovation.
This paper aimed to determine the relative impact of market knowledge acquisition (knowledge gained from customers, and competitors') acts on product innovation performance in smaller firms. Based on data collected through a convenience sampling technique, survey questions of 462 SME operators, and a review of user-generated content, this study provides a look into the market knowledge of Ghanaian manufacturing micro, small, and medium scale enterprises in the eastern sector. The traditional double-step model was used to evaluate the measurement model and then estimate the structural model using SPSS and Smart PLS (Partial Least Square). The outcome of the study revealed two [2] out of the four [4] hypotheses supported; the findings showed that market knowledge acquisition which comprised customers' and competitors' knowledge remains critical drivers of product innovation performance. Meanwhile, the study revealed firm absorptive capacity does not moderate market knowledge acquisition and product innovation performance.
The study is premised on unveiling the role of government support, innovation capability, and firm performance. This study aimed at examining the relevance of government financial and non-financial support and SME performance. The moderating role of innovation capability was also examined in the study. The data was gathered through convenience sampling method. Using a self-administered questionnaire, 400 SME operators in five major business cities in the Eastern Region of Ghana were understudied. Using PLS Structural Modelling, analyses were conducted. It was revealed that both governments financial and nonfinancial support is significantly linked to organizational performance, while product innovation capability is strongly linked to organizational performance. Meanwhile, product innovation capability exhibited a mixed result for its mediating role in the relationship between government financial support and non-financial support and organizational performance. The study thus reveals the relevance of government support and innovation capability on SME organizational performance.
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