Improving_the_Performance_of_Family_Owned_Small_and_Medium_Scale_Enterprise_The_Role_of_Disruptive_Innovation

The role of disruptive innovation in promoting the performance of family-owned small and

medium scale enterprises has not fully been explored in Africa especially Nigeria. Therefore,

this paper is focused on examining the role of disruptive innovation in improving the

performance of family-owned small and medium scale enterprises. The study administered

390 copies of questionnaires, while 310 were retrieved from family-owned SMEs in Ado

Ekiti. Multiple regression and correlation were deployed to show the relationships between

the variables. The findings revealed that disruptive innovation has a strong relationship with

sales growth and a weak one with profitability. Therefore the study recommends that familyowned

SMEs should deliberately ensure improve the technological features of their products

and study market dynamics to ensure profit maximisation and strengthen their business

growth, hereby boosting business performance.

Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Tomisin James, A., Babarinde, K , Olubayode, A , Olanireti, A & Oko, D (2022). Improving_the_Performance_of_Family_Owned_Small_and_Medium_Scale_Enterprise_The_Role_of_Disruptive_Innovation. Afribary. Retrieved from https://afribary.com/works/improving-the-performance-of-family-owned-small-and-medium-scale-enterprise-the-role-of-disruptive-innovation

MLA 8th

Tomisin James, Aruleba, et. al. "Improving_the_Performance_of_Family_Owned_Small_and_Medium_Scale_Enterprise_The_Role_of_Disruptive_Innovation" Afribary. Afribary, 16 Sep. 2022, https://afribary.com/works/improving-the-performance-of-family-owned-small-and-medium-scale-enterprise-the-role-of-disruptive-innovation. Accessed 23 May. 2024.

MLA7

Tomisin James, Aruleba, Kayode Babarinde , Ayodele Olubayode , Ayodele Olanireti and Dominic Oko . "Improving_the_Performance_of_Family_Owned_Small_and_Medium_Scale_Enterprise_The_Role_of_Disruptive_Innovation". Afribary, Afribary, 16 Sep. 2022. Web. 23 May. 2024. < https://afribary.com/works/improving-the-performance-of-family-owned-small-and-medium-scale-enterprise-the-role-of-disruptive-innovation >.

Chicago

Tomisin James, Aruleba, Kayode Babarinde , Ayodele Olubayode , Ayodele Olanireti and Dominic Oko . "Improving_the_Performance_of_Family_Owned_Small_and_Medium_Scale_Enterprise_The_Role_of_Disruptive_Innovation" Afribary (2022). Accessed May 23, 2024. https://afribary.com/works/improving-the-performance-of-family-owned-small-and-medium-scale-enterprise-the-role-of-disruptive-innovation