4. Electronic Theses and Dissertations (ETDs) - Faculties submissions

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Browsing 4. Electronic Theses and Dissertations (ETDs) - Faculties submissions by Author "Abebrese, Rose"

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    Technological innovation, entrepreneurial orientation, and performance of micro, small, and medium enterprises in Ghana
    (University of the Witwatersrand, Johannesburg, 2023) Abebrese, Rose; Dorson, Thomas
    Technological innovation and entrepreneurial orientation are noted to be key ingredients for business success. Given that advanced economies enjoy the benefits of technological innovation and entrepreneurial orientation, emerging economies are rolling out programmes and projects to facilitate technological innovation and entrepreneurial orientation. However, empirical studies that bring forth the benefits of technological innovation and entrepreneurial orientation is scanty. With partial least square structural equation modelling, we explore the relationship between technological innovation, entrepreneurial orientation, and performance of MSMEs in Ghana. Specifically, the research examined the effect of technological innovation on entrepreneurial orientation in MSMEs in Ghana, assessed the effect of technological innovation on the performance of MSMEs in Ghana and analysed the combined effect of technological innovation and entrepreneurial orientation on the performance of MSMEs. Primary data was collected from using closed-ended structured questionnaire between the period of 31 March 2022 to 1 June 2022 and analysed with the Structural Equation Modelling based on Partial Least Squares. The analysis and discussion of the study utilized the Schumpeterian theory of innovation and the resource-based theory. The findings of this study confirm the positive and substantial influence of technological innovation and entrepreneurial orientation on performance, aligning with the foundational principles of resource-based theory, which highlights the pivotal role of resources in gaining competitive advantage. It is advised that managers of MSMEs instill organizational practices steeped in technological innovation and entrepreneurial orientation and anchored in knowledge. Additionally, these managers should foster an environment where innovative ideas and solutions from their employees are not only welcomed but encouraged. The study also underscores the significance of the policy recommendations derived from these results