A Study of Small and Medium - Scale Enterprises (SMES) Owners’ Resources Mobilisation and Innovative Culture in South-West, Nigeria

Abstract

This study examined resource mobilisation and innovative culture of small and medium-scale enterprises (SMEs) owners in South-West, Nigeria. Five research questions were raised. The study adopted the descriptive survey research design. The sample comprised one thousand, four hundred and seventeen (1417) SME owners / managers out of which one thousand, three hundred and eighty-two (1382) responded appropriately, this showed 97% response rate. Data were collected using two instruments; these are Resource Mobilisation Questionnaire (r = 0.85) and Innovative Culture Scale (r = 0.68). Data were analysed using descriptive statistics, Pearson Product Moment Correlation and Independent t test.The results showed that SME owners possessed high level of resource mobilisation and innovative culturein South-West, Nigeria. Significant relationship existed between resource mobilisation and innovative culture of SME Owners’ in South-West, Nigeria. Furthermore, there was significant difference in the score on resource mobilisation of SME Owners while no significant difference existed in the score on innovative culture of SME Owners in South-West, Nigeria. Based on the findings, it was recommended among others that Government agencies should create strategies to improve resource mobilisation. This, in turn, will upgrade and enhance innovation among SMEs.

Gender, Age, Religious Affiliation and Qualifications Differences to Innovative Culture of Small and Medium-Scale Owners in SouthWest, Nigeria

“…The National Innovation Initiative (NII) in Bukki (2018) defines innovation as "the inter-section of invention and insight, leading to the creative or social and economic value "Innovation is "value" the creation of value, adding value to customer's satisfaction-"delighting the customers". Innovation is the basis of all competitive advantages, the means of anticipating and meeting customer needs and the method of utilization of technology.…”