The role of management support on innovativeness in the Nigerian Entrepreneurial businesses
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The absence of a management supported ambience for innovativeness is a problem
affecting required growth in sales volume and income in Nigerian businesses. A significant
proportion of companies in the industry are ailing and struggling to survive. This study examined
the role of management support on innovativeness in Nigerian Entrepreneurial Businesses.
Survey research design was adopted for the study. The population was 5,362 full time employees
of selected flour milling companies in Nigeria. A sample size of 372 was selected using stratified
sampling and simple random sampling techniques. A validated questionnaire was used for data
collection. Cronbach’s Alpha coefficients for the construct ranged from .708 to .847 and the
response rate was 81.72%. Data were analyzed using descriptive and inferential statistics (mean,
standard deviation, and simple regression analysis). The findings showed that management
support has positive effect on innovativeness (F(1,302) =188.671, p < 0.01), R =.620, R2 =.385,
Adj R2 = .381, and estimated coefficient .620; The study concluded that management support
has a significant positive effect on innovativeness in Nigerian Businesses. The study
recommended that management should nurture an organizational management support that
encourages entrepreneurial behaviour by making organizational design and development a
continuous focus.
Keywords
HG Finance