Abstract
This study examined resource mobilisation and innovative culture of small and medium-scale enterprises (SMEs) owners in South-West, Nigeria. Five research questions were raised. The study adopted the descriptive survey research design. The sample comprised one thousand, four hundred and seventeen (1417) SME owners / managers out of which one thousand, three hundred and eighty-two (1382) responded appropriately, this showed 97% response rate. Data were collected using two instruments; these are Resource Mobilisation Questionnaire (r = 0.85) and Innovative Culture Scale (r = 0.68). Data were analysed using descriptive statistics, Pearson Product Moment Correlation and Independent t test.The results showed that SME owners possessed high level of resource mobilisation and innovative culturein South-West, Nigeria. Significant relationship existed between resource mobilisation and innovative culture of SME Owners’ in South-West, Nigeria. Furthermore, there was significant difference in the score on resource mobilisation of SME Owners while no significant difference existed in the score on innovative culture of SME Owners in South-West, Nigeria. Based on the findings, it was recommended among others that Government agencies should create strategies to improve resource mobilisation. This, in turn, will upgrade and enhance innovation among SMEs.
Highlights
In recent times, small and medium scale enterprises owners’ innovation have turn out to be a subject of immense concerned to researchers in both the developed and developing countries
The implication of this is that substantial number of the small and medium-scale enterprises (SMEs) owners/ managers who participated in this study possessed high level of resource mobilisation
Research question one result revealed that substantial number of the SME owners/ managers who participated in this study possessed high level of resource mobilisation
Summary
Small and medium scale enterprises owners’ innovation have turn out to be a subject of immense concerned to researchers in both the developed and developing countries. Innovation is described as the creation, progress and accomplishment of a new product, process or service, with the aim of improving competence, success or competitive advantage (Omodafe& Nwaizugbo, 2017). According to Casals (2011) (as cited by Mbizi, Hove,Thondhlana and Kakava, 2013),globalization of the markets and increasing international competition force SMEs to search for new, innovative, flexible and imaginative ways to survive, making it their way of life (culture). Rao and Weintraub (2013) (as cited by Lakiza 2018) believed that an innovative culture depends on six interrelated building blocks. These are resources, procedures, achievement, qualities, behaviour and climate.
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