Effect of technological innovation capabilities on the performance of selected manufacturing small and medium enterprises in Lagos State.
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Abstract
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Background: The issue of technological adoption and innovation in
businesses as always been a big problem to organizations, especially
manufacturing small and medium enterprises (SMEs) in Lagos state,
Nigeria. The emphasis has therefore always been on how to adopt
new technologies and innovations in improving and scaling profit or
the profitability heights in businesses or SMEs.
Methods: The main purpose of this research work is to have an
understanding of the effect of technological innovation capabilities on
the performance of selected manufacturing SMEs in Lagos State. This
research work made use of a descriptive and causal research design
as well as survey methods to examine whether technological learning
capability affects the profitability of selected manufacturing SMEs in
Lagos State and to determine whether resource allocation capability
promotes sales growth amongst these manufacturing SMEs.
Results: Findings showed that research and development capability
have a significant impact on the value creation of selected
manufacturing SMEs in Lagos. The research concluded that
technological innovation capabilities have a positive impact on the
performance of selected manufacturing SMEs in Lagos. In addition,
the study recommended that manufacturing SMEs in Lagos, Nigeria,
Africa and the globe should implement technological learning and the
use of technology in their production process. Lastly, this research
recommended that future research should focus on SMEs in other
geopolitical zones or states.
Keywords
H Social Sciences (General), HB Economic Theory