Learning and innovation in youth-owned small businesses

Oluyemi Theophilus Adeosun · Ayodele Ibrahim Shittu

13 citations0/0 files storedRajagiri Management Journal

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Entrepreneurship Studies and Influences Innovation and Knowledge Management Firm Innovation and Growth

Abstract

Purpose The birth and survival rate of youth-owned businesses has been a major concern for policymakers, industry and academics alike. Learning and innovation play important roles and more critical is the mediating factors and how it impacts the enterprise competitiveness of youth-owned businesses and hence worth studying. Therefore, this study aims to examine the impact of mediating factors such as government support, informal network society and external knowledge infrastructure on learning and innovation in youth-owned small businesses in Lagos, Nigeria, from a cross-sectional perspective. Design/methodology/approach Leveraging the sectoral system of innovation theory, we use a primary research method and data obtained from a structured questionnaire administered among a sample of 1,000 registered youth-owned small businesses in Lagos, while 30 in-depth interviews were also conducted. The exploratory factor analysis was used for data examination. Findings The findings show that even though government support, informal network society and external knowledge all have a positive relationship with learning and innovation in youth-owned small businesses, government support has the most impactful impact. The informal network society via a trade association, professional network and social media are also critical in knowledge transfer in youth-owned businesses. Originality/value The significance of learning and innovation is more important as many small businesses do not have the privilege of standard human resource management (HRM) systems. This paper looks at the mediating factors affecting the introduction of innovative practices in youth-owned and managed small businesses and how productivity is enabled in a developing county context.

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References

2017The Use of Cronbach’s Alpha When Developing and Reporting Research Instruments in Science Education 2017Business models and dynamic capabilities 2002Sectoral systems of innovation and production 2018Exploratory Factor Analysis: A Guide to Best Practice 2015A Review of Exploratory Factor Analysis Decisions and Overview of Current Practices: What We Are Doing and How Can We Improve?2004Sectoral systems of innovation: a framework for linking innovation to the knowledge base, structure and dynamics of sectors 2002Technology, institutions, and innovation systems 2016Getting value from Business Intelligence systems: A review and research agenda

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