Small and medium-sized enterprises (SMEs) play a critical role in the global economy, but they often face significant challenges in realizing sustainable growth and competitiveness. One way for SMEs to enhance performance is over leveraging power of culture, marketing, and product innovations. This paper examines impact of cultural, marketing and product innovations on SMEs' performance and provides insights into how SMEs can effectively use these three factors to gain a competitive advantage. The sales volume was used as a measure of enterprises' performance, and the study sample consisted of 291 SME owners and workers drawn from target population provided by SMEDA. Descriptive and regression analyses were performed to estimate effect of innovation. Results showed that the SMEs in Lahore were predominantly male- owned businesses with majority of employees/ owners being single & having diploma level education. Regression results revealed a significant impact of innovation on the performance of SMEs in Lahore, with product, marketing, and organizational innovation having a statistically significant effect. Study concludes that SMEs should integrate culture, marketing, & product innovation to unleash their full potential and achieve sustainable growth.
Purpose of the study: This study explores the Impact of High-Performance Work System practices (HPWS), on innovation performance, through the intervening role of dynamic capabilities and innovation culture among the rapidly growing cement industry of Pakistan, which is the backbone of Pakistan's construction industry. Methodology: This is a self-administrative survey, and data were analyzed using Smart PLS 3.0, SPSS. Main Findings: HPWS has a positive impact on a firm's innovation performance. Furthermore, dynamic capabilities mediated the association between HPWS and innovation performance. Applications of this study: The study is essential for the cement industry, where traditional HRM has long been applied. Using HPWS would create a more innovative environment and establish dynamic capabilities that can trigger innovations such as administrative, incremental, radical, and marketing in the face of dynamic customer demands. Novelty/Originality of this study: This study has enriched our understanding of how organizations can improve their innovation performance in a complex and ambiguous environment, which is crucial to gaining competitive advantages. This study also suggests that developing a system of HPWS practices in organizations, particularly the cement industry, will help the organizations flourish and stay competitive in the marketplace and help elicit the right employee attitudes by fully mediating dynamic capabilities. Therefore, organizations should establish developed HPWS and create an innovation culture that will ultimately benefit the organization creates an innovation culture.
The study intends to investigate determinants of customers' loyalty to Islamic banks, particularly service quality, customer satisfaction, as well as customer engagement. Moreover, the current study looked into the role of religiosity in moderating the relationship between the observed variables. For the purpose of this study, 335 customers of Islamic banks in Pakistan participated in this survey. This research used the purposive sampling and structural equation modelling to analyses the data. The outcome of this research indicated that there is clear relationship amid high levels of customer satisfaction, customer engagement, customer service quality, and customer loyalty. In addition, the findings indicated that religiosity has a moderating relationship with the observed variables. This research takes a cross-sectional approach while also focusing on a case study of specific nation. Results offer valuable information and as a consequence, the findings may not be indicative of the situation in other nations. The research, including the gathering of longitudinal data, is carried out in similar manner in other nations, making it useful to participate in such a study.
This study aimed to find out how important macroeconomic factors have affected the growth of Islamic banking sector in Pakistan. At the moment, Islamic banking is one of the industries that is expanding at one of quickest rates across Islamic world, particularly in Pakistan. The rate of foreign direct investment and the number of remittances were the two macroeconomic factors that the researchers looked at in order to evaluate whether or not macroeconomic variables had effect on Islamic banking growth. Scholars used model known as autoregressive distributed lag model, and they used quarterly data for all variables between years 2005 and 2021. As per results of long-run ARDL that were evaluated, foreign direct investment (FDI) has a negative and insignificant impact on growth of Islamic banking in short term, whereas remittances have positive and insignificant effect on growth of the Islamic banking. Both FDI and remittances have a positive effect on growth of Islamic banking in Pakistan over long term, with the remittances having a greater influence than FDI. In spite of fact that Islamic banks and non-Islamic banks are in competition with one another, existence of Islamic banks in a country provides solution that is acceptable for people who are religiously inclined and makes a substantial contribution to expansion of the banking sector.
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