Micro Determinants of Product Innovation in Nigerian Family-Owned Micro and Small Enterprises.
Yakubu Salisu, Department of Business Administration, Yobe State University Damaturu, Yobe State Nigeria.
MSI Journal of Economics and Business Management (MSIJEBM) | DOI https://zenodo.org/records/20656518 | Page 01 to 16
Abstract
Family firms commonly display distinctive characteristics in innovation activities paralleled to other firm’s ownership structure. This study examines the distinguishing factors that affect innovation performance of family-owned firms at micro level. The study employed survey design research to empirically test relationships. Consequently, 355 questionnaires were administered on managers and employees of family-owned firms in Northeastern Nigerian States. However, subjecting the returned questionnaires to scrutiny and validation, a total number of 289 valid questionnaires were used for the analyses. Statistical Package for Social Science (SPSS V27) was used to regress the relationship between the variable’s understudies. The results indicates that governance play significant positive influence on product innovation performance in Nigerian family firms. Accordingly, resource sufficiency and utilization significantly affect innovation performance of family-owned firms in Nigeria. However, teamwork was found to be insignificant factor in supporting innovation activities in Nigerian family firms. The study concludes that, although family firms have their own peculiar features when it comes to innovativeness, the importance of teamwork in attaining exceptional innovation performance in Today’s dynamic operating environment should not be underestimated. Employees need to be empowered to initiate and explore their ideas.
Keywords: Governance, teamwork, resources and Family Firms
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Exploring Business Ethics and Corporate Governance Practices in SMEs: A Case of Glen View Area 8, Harare
Chipo Joyce Chigome, Lecturer & Harare Campus Coordinator – Business Management & Corporate Governance DPhil. in Commerce, Innovation and Technology Candidate: Catholic University of Zimbabwe.
Funny Chibwe, Lecturer – Accounting & Finance Ph. D in Accounting Sciences Candidate: University of South Africa.
Tendai J. Mapanga, Lecturer – Business Management DPhil. in Commerce, Innovation and Technology Candidate: Catholic University of Zimbabwe.
Daniel Somane (The Late), Lecturer – Public Administration, Reformed Church University Harare Learning Campus ,03982 Jabavu Drive; New Canaan, Highfields, Harare, ZIMBABWE.
MSI Journal of Economics and Business Management (MSIJEBM) | DOI https://zenodo.org/records/20522907 | Page 01 to 27
Abstract
This paper sought to examine on business ethics and corporate governance practices in small and medium-sized enterprises operating in Glen View Area 8 in Harare Metropolitan Province of Zimbabwe. Given the current economic impasse in the country, it is but necessary to be relevant in terms of how we can utilise our local SMEs towards achieving the goals of National Development Strategy 1. Small and medium-sized enterprises (SMEs) are conduits towards job creation, economic growth and an upper middle-income economy by 2030. This research draws upon ethical and moral approaches to business that can inform the decision making of entrepreneurs. The research utilises a mixed-methods methodology, drawing upon qualitative data and survey data within a multiple case study format. Questionnaire surveys were distributed to owners or employees of sampled SMEs and a document analysis was also undertaken. The findings establish that business ethics and corporate governance do have an impact upon the performance, behaviour and growth of SMEs. Importantly the research highlights the importance of appropriate governance and ethical practices to the sustainability of SMEs. Evidence exists which suggests that improving ethical behaviour and corporate governance practices and standards can contribute to improved organisational performance in similar SMEs.
Keywords: SMEs, Business Ethics, Corporate Governance, Sustainability, Organizational performance, Glenview Area 8.
All articles published by MSIP are made immediately available worldwide under an open access license. No special permission is required to reuse all or part of any MSIP article, including figures and tables.
For articles published under a Creative Commons CC BY 4.0 license, any part of the article may be reused for any purpose, including commercial use, provided that the original MSIP article is clearly cited.