Volume 3, Issue 4, December 2018, Page: 106-112
Innovative Performance of Small and Medium Scale Enterprises
Joseph Kwadwo Tuffour, Research and Consultancy Centre, University of Professional Studies, Accra, Ghana
Martina Awonate Agbaam, Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Felicia Lynda Edzeame, Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Ellen Efua Ntiamoah Aye-Darko, Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Kingsley Darko, Department of Banking and Finance, University of Professional Studies, Accra, Ghana
Received: Oct. 16, 2018;       Accepted: Nov. 22, 2018;       Published: Dec. 26, 2018
DOI: 10.11648/j.jbed.20180304.11      View  36      Downloads  23
A driving force for competition in the present business environment is innovation. In a rapidly changing world, the need for innovation has increased. In many ways, innovation has become an important tool in the management of organisations, ensuring they have real opportunities to advance. Whiles only few innovative performance studies of Small and Medium Scale Enterprises (SMEs) in Ghana have been conducted, they evince low levels of innovation among surveyed SMEs. Thus, a study that focuses on innovative characteristics of SMEs in the Ghanaian context is key. The aim of the study is to examine factors constraining innovative performance of small and medium enterprises in Adentan Municipality of Ghana. The survey method of data collection was used to sample 400 respondents selected to obtain primary data for the study. Descriptive statistics were applied to the quantitative data. The study revealed that uncertainty, and financial and technological related constraints are the major factors constraining the innovative performance of SMEs in the Adentan Municipality. The study also pointed to financial and technical support as possible ways to curb the constraining factors of innovative performance among SMEs. At the same time, SMEs need to promote workers’ access to technology to improve innovation processes and support growth by increasing investment in Information Communication Technology (ICT). Deliberate mechanisms to facilitate access to technical and financial support for SMEs by government is recommended.
Innovative Performance, Small and Medium Scale Enterprises, Adentan Municipality
To cite this article
Joseph Kwadwo Tuffour, Martina Awonate Agbaam, Felicia Lynda Edzeame, Ellen Efua Ntiamoah Aye-Darko, Kingsley Darko, Innovative Performance of Small and Medium Scale Enterprises, Journal of Business and Economic Development. Vol. 3, No. 4, 2018, pp. 106-112. doi: 10.11648/j.jbed.20180304.11
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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