Adoption of open innovation: Evidence from SMEs in the Ghanaian Hospitality Industry

Abstract

The objective of the study was to analyze the determinants of open innovation adoption among the Ghanaian hospitality SMEs. A cross-sectional survey using a 5-point Likert scale questionnaire was used to randomly collect data from 530 managers within the hospitality industry in Ghana. Using SmartPLS software 3.2.8 to analyze primary data, the results show that all the six determining factors have significant impact on open innovation adoption in the hospitality industry. Specifically, competition, human skills, managerial style and IT infrastructure have positive and significant relationship with open innovation adoption. However, cost and cultural factors had negative but significant influence on open innovation adoption. The study also provides managers with practical ways of adopting open innovation in the Ghanaian hospitality industry.

Evaluating the Effects of Entrepreneurial Orientation and Managerial Skills on Small and Medium Enterprises Performance in Lagos State

“…In Kenya, SMEs account for over 40% of total GDP, over 50% of new jobs, and 80% of the total workforce (Muriithi, 2017). According to Hongyun et al (2019), SMEs in Ghana alone account for 85% of employment in the manufacturing sector, which has resulted in about 70% of Ghana's GDP, and it is also responsible for their economic development.…”