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.
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
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 24 Nov. 2024.
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. 24 Nov. 2024. < https://afribary.com/works/improving-the-performance-of-family-owned-small-and-medium-scale-enterprise-the-role-of-disruptive-innovation >.
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 November 24, 2024. https://afribary.com/works/improving-the-performance-of-family-owned-small-and-medium-scale-enterprise-the-role-of-disruptive-innovation