Salisu, Balarabe and Abu Bakar, Lily Julienti and Abdul Rani, Shamsul Huda (2017) Innovation as a mechanism for SMEs success in Nigeria. In: Sintok International Conference on Social Science and Management (SICONSEM 2017), 4-5 December 2017, Adya Hotel, Langkawi Island, Kedah, Malaysia..

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Abstract

Purpose - The purpose of this paper is to determine the relevance of innovation to the success of SMEs in Nigeria.SMEs are very important to the economic development of a country as a job provider and also for income distribution. SMEs success is the ability of an organization to access the degree of its performance or failure within a specified period of time. SMEs are falling in Nigeria due to their inability to innovate despite the fact that innovation is the key to the success of any firm. Based on this, the paper is focusing on determining the relevance of innovation as a tool for SMEs success in Nigeria. The objective of this paper is to explore the relevance of innovation to the success of SMEs in Nigeria.Findings - The paper also proposes a model of innovation that will enhance the success of SMEs in Nigeria and leads to the enhancement of entrepreneurship in the country.An important way through which business achieve success, competitive advantage and success is to engage in innovation (Ngo and O’ Cassi, 2013). A study conducted by (Bowen et al. 2010) showed that innovation and business success are connected to each other. Businesses that adopt innovations are identified with higher levels of productivity and economic growth than non-innovating firms (Ngo & O’Cass, 2013).

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	eISBN 978-967-2064-65-7 Organized by: UUM Press Universiti Utara Malaysia
Uncontrolled Keywords:	SMEs success; relevance of innovation; learning capability
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	School of Business Management
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	13 Aug 2018 01:01
Last Modified:	13 Aug 2018 01:01
URI:	https://repo.uum.edu.my/id/eprint/24624

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