DOI: 10.5176/2251-2039_IE17.17
Authors: Omisore S. Akinyosoye M.O., Akinbami C.A.O., Jiboye T. F, Obisanya J. F
Abstract: Entrepreneurship enhances and leads to Sustainable economic development of any country because it encompasses innovation which is a driving force for competition in a chaotic environment. Innovation which involves introducing new products and services or rebranding an existing product has become the basis for economic growth and development. This study therefore investigates how innovation affects business performances of the manufacturing firms in Osun State Nigeria and assesses the impact of innovation on the entrepreneurial development activities. Data were collected randomly from 30 firms within the three senatorial district in Osun State and analysed using SPSS package. The results showed that innovation is germane to entrepreneurship development in Osun State. The study also demonstrated that innovation was found to influence business performance within the manufacturing firms. It is therefore recommended that management of the organisations should introduce the concepts of innovation to their firms from time to time in other to experience growth and sustainable development.
Keywords: Entrepreneurship, Innovation, Performance and Manufacturing Firms
Updating...