Effect of Clustering and Collaboration on Product Innovativeness: The Case of Manufacturing Small and Medium Enterprises (SMEs) in Kenya

Gudda, Patrick; Bwisa, Henry M.; Kihoro, John M.

doi:10.6007/ijarbss/v3-i7/8

Cited by 10 publications

(8 citation statements)

References 21 publications

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“…The study further showed that 76 (50%) respondents strongly agreed that MFIs have created more competitive products, 68(45%) respondents agreed with, while 7(5%) respondents were not sure whether the competitive products would enhance growth of MFLs. These findings are in agreement with findings of Ringera and Muturi (2019) that it is fundamental for MFIs to constantly engage in providing new differentiated products that fulfill customer needs (Gudda et al, 2013) are in agreement with the study that differentiated products will enhance MFIs competiveness and growth.. Finally, 60(40%) of respondents agreed that adoption of new innovative products Contribute to growth of MFIs, while 91(60%), strongly agreed on adaption of new innovative products.…”

Section: Product Innovation On Growth Of Mfissupporting

confidence: 90%

Effect of Product Innovations on Growth of Micr Ofinance Institutions in Narok Town

Nadupoi¹,

Patrick²,

Diana³

2022

IJARBSS

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Innovations enhance long and short-term decisions making towards remaining competitive in the business environment. MFIs in Kenya and more so in Narok Town are no exception. The study sought to assess the effect of product innovation strategies on the growth of microfinance institutions in Kenya, Narok Town. The research adopted cross-sectional design and a census was applied of 180 respondents employed in 11 registered MFIs. Primary and Secondary data was collected and correlation and linear regression analyses were applied. The results showed that product innovation had a significant positive association to growth of MFIs in Narok Town (r= 0.190, p=0.019), and product innovation had a positive Statistical effect on growth of MFIs in Narok Town (β=0.169, t (149) = 2.35,p=0.02<0.05). In conclusion, it is evident that the more MFIs invest in innovative products the better their growth. The study therefore, recommends that the MFIs in Narok town need to invest more in product innovation as a mean to sustain their growth and remain afloat in the completive market.

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Section: Product Innovation On Growth Of Mfissupporting

confidence: 90%

Effect of Product Innovations on Growth of Micr Ofinance Institutions in Narok Town

Nadupoi¹,

Patrick²,

Diana³

2022

IJARBSS

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“…Inovasi didefinisikan sebagai kemampuan perusahaan untuk mempertahankan ide-ide baru yang dapat diinterpretasikan menjadi produk, jasa, teknologi, atau pasar baru (Gudda, Bwisa & Kihoro, 2014). Innovation-oriented merupakan kecenderungan pelaku bisnis mencari ide-ide pemasaran yang baru baik dari dalam perusahaan maupun dari aktivitas eksternal perusahaan (Fiore et al, 2013).…”

Section: Pengaruh Innovation-oriented Terhadap Kesuksesan Bisnisunclassified

Peran Dimensi-Dimensi Entrepreneurial Marketing dalam Mendorong Kesuksesan Bisnis UMKM di Industri Ekonomi Kreatif

Setiyaningrum¹,

Ramawati²

2020

JEBIK

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This study aims to analyze the influence of entrepreneurial marketing dimensions, including proactiveness, opportunity-focused, risk-taking orientation, innovation-oriented, customer intensity, resource leveraging, and value creation of Small and Medium Enterprises (SMEs) business success in the creative economy industry. The study also examined the moderating role of company age on the entrepreneurial marketing dimension's influence on SME's business success. The study used survey methods by distributing questionnaires to 265 SME business owners in North Kalimantan. The sampling method uses nonprobability sampling with a convenience sampling technique. Data were analyzed using multiple linear regression analyses and moderated tests using the macro process of SPSS Hayes. The results of this study indicated that in the context of SMEs in the creative industry, customer intensity and value creation play a critical role in business success. Meanwhile, proactiveness, opportunity-focused, risk-taking orientation, innovation-oriented, and resource leveraging found no impact on SMEs' business success. The research also proves that the company's age moderated the impact of customer intensity on SME's success but does not moderate the influence of value creation to SME's business success.

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“…Its justification was high research and development costs in an environment whereby technology is ever converging as well as the need to harmonize technological standards (Gnyawali and Park, 2009). Other factors included strategic alliances and networking which have similarly and separately been shown to have an effect on innovativeness (Mothe and Link, 2002;Gudda et al, 2013;Osei et al, 2016). The causal effect of strategic alliances and networking has not been well researched.…”

Section: The Impact Of Environmental Dynamismmentioning

confidence: 99%

The antecedents of innovativeness in small and medium manufacturing enterprises in Kenya: A critical review of literature

Mkalama¹,

Ndemo²,

Maalu³

2018

Afr. J. Bus. Manage.

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Innovation has been accepted as a key stimulus for growth. This is more so with SMEs which are widely acknowledged as being a significant driver in economic growth. In a review of over 90 peer reviewed journal articles and conference papers; this paper brings together different arguments that have been made in explaining the antecedents for innovativeness. This is a critical review of the literature with respect to innovativeness of manufacturing SMEs. Whereas it is acknowledged that the discussions around innovation are continually evolving, existing literature has shown that there are internal and external factors that affect innovativeness in firms. In addition to this, there is a need to have research that applies universally and hence the need to study this phenomenon in manufacturing SMEs in Kenya and the gaps therein. Even though entrepreneurial orientation, technological capability and environmental dynamism have been identified as variables affecting firm innovativeness, there is no common consensus across various approaches. A need to empirically explore this area further effectively contributing to knowledge in this area has been identified.

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Effect of Clustering and Collaboration on Product Innovativeness: The Case of Manufacturing Small and Medium Enterprises (SMEs) in Kenya

Cited by 10 publications

References 21 publications

Effect of Product Innovations on Growth of Micr Ofinance Institutions in Narok Town

Effect of Product Innovations on Growth of Micr Ofinance Institutions in Narok Town

Peran Dimensi-Dimensi Entrepreneurial Marketing dalam Mendorong Kesuksesan Bisnis UMKM di Industri Ekonomi Kreatif

The antecedents of innovativeness in small and medium manufacturing enterprises in Kenya: A critical review of literature

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