Archive
Evaluating Innovation in Micro and Small-scale Business Enterprises in Nigeria.
Authors
Joses Bamigboye Alabi, George Nwokike Ike
Abstract
Governments and international organizations have shown a strong interest in innovation as a way of economic development in recent decades; additionally, there is a growing body of literature and research projects that are devoted to this topic. However, because of the origins of the idea and the academic discussion surrounding it, technological narratives about innovation have emerged as the dominating narratives. Consequently, the innovation described in the literature is a radical product that is the result of cutting-edge innovation that is coined in the industrialized world. It is unintentionally stripped of its contextual influence by this portrayal of innovation that has become a global standard of measurement and is thus occasionally applied to underdeveloped countries, a setting that is vastly different from that of the developed world. This thesis questions the prevalent narrative about innovation, as well as the conceptual frameworks of innovation that have resulted from a focus on large corporations in developed countries. The study contextualizes (i.e., interprets what is innovative to be context dependent) innovation, stripped of its contextual origin, to small enterprises in Nigeria, employing the knowledge spillover theory of strategic entrepreneurship and a case study of selected micro and small firms in Nigeria. The study contributes to the body of information on innovation and its relationship to development. Furthermore, based on strong data, the study shows that rethinking innovation is an essential step in improving firm-level performance to achieve sustainable growth, inclusion, and local economic development.
Keywords
Innovation, Medium and Small-scale Businesses, Developing countries
DOI
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