The Impact of Innovation on Entrepreneurial Orientation: A Case Study of SMEs in Osun State

Abstract

The study aim is to examine the impact of process innovation, product innovation and market innovation on entrepreneurial orientation using Osun state as a case study. The study based on the CDM theoretical framework. Questionnaires were distributed to SMEs in Osun state. The 350 questionnaires were distributed to the respondents; however, only 201 were filled properly and returned. The multiple regression was deployed to investigate this relationship. The study findings shows; (i) there are positive relationship between product innovation and entrepreneurial orientation; (ii) there is positive relationship between process innovation and entrepreneurial orientation; and (iii) there is positive relationship between market innovation and entrepreneurial orientation. conceptualizes a theoretical framework for GEO, green incremental innovation and green disruptive innovation, and is using empirical data from 416 Chinese companies for research. The findings show a strong influence on environmental incremental innovation and disruptive innovation for corporate GEOs. Supply chain technology impacts green gradual and revolutionary innovation significantly. Additionally, learning the corporate supply chain plays a moderating role in the interaction between GEO and green radical innovation, and also plays a mediating role in the relationship between GEO and green radical innovations. Zhao, Li, Tan, and Liu (2008) examined the moderating effects of EO on the connection of MO and performance in small Chinese firms. To evaluate this dynamics, simulation of the structural equation was deployed. Finding from the research suggests that MO is directly associated with firm efficiency, alone or in combination with other components of the EO. More precisely, creativity and Proactiveness have positively moderated the MO-performance interaction. Arzubiaga, Kotlar, De Massis, Maseda, and Iturralde (2018) examined entrepreneurial mindset and creativity in family SMEs. The use of 230 Spanish family SMEs revealed that family participation in the BoD has a detrimental impact on their ability to turn EO into creativity. In addition, we show that the strategic involvement of the BoD in service, control tasks, provision of knowledge and skills have beneficial benefits while BoD activity intensity has a strikingly detrimental impact. To investigate the impact of MO as a mediating variable in the interaction between EO and performance of small and medium-sized enterprises (SMEs), Amin, Thurasamy, Aldakhil, and Kaswuri (2016) deployed A total of 500 SMEs in the manufacturing industry of food and beverages were involved in this study with a response rate of 117. The findings show that EO has a significant relationship with MO, and MO has a significant relationship with SME performance. MO will mediate the relationship between EO and SMEs’ performance. Dost, Arshad, and Afsar (2018) examined the impact of EO on process innovation capability types and the position of social capital as moderator. Authors gathered data from Pakistan's chemical manufacturing companies, and