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The Nexus between Types of Innovation and Marketing Performance of SME in an Emerging Economy

Author

Listed:
  • Samuel Afriyie

    (School of Management, Jiangsu University, Zhenjiang 212013, PR China)

  • Jianguo Duo

    (School of Management, Jiangsu University, Zhenjiang 212013, PR China)

  • Kingsley Appiah

    (School of Management, Jiangsu University, Zhenjiang 212013, PR China)

  • Abdul-Aziz Ibn Musah

    (School of Management, Jiangsu University, Zhenjiang 212013, PR China)

Abstract

Nowadays the practice in which businesses find themselves becomes unknown, innovation types have been seen as a critical element in an organizational growth of companies. This paper intends to cross -examine the interrelation between innovation types and SME marketing performance in a growing economy of Ghana. The research used quantitative methods, in which four research hypotheses were formulated and tested using Partial Least Squares Structural Equation Modelling (PLS-SEM). In all, 437 respondents of SME composed data through a questionnaires survey sight in the cities of Kumasi and Accra respectively in Ghana. The study outcomes identified the usefulness of a strong and meaningful impact between the types of innovation namely Product, Process, Marketing and Organization and SME marketing performance of a developing economy. The paper explores to add to the limited knowledge of SME in the perspective of innovation types literature relationship to the marketing performance in a developing economy. Studies conducted, consistently endeavor to determine the connection between the types of innovation and the firm performance and neglecting the marketing performance viewpoint. Hence, this research offers a specialized focus on the types of innovation and its relationship via SME marketing performance in a developing economy. Furtherance, executing critical issues to business managers/owners when devising approaches to organizational firm performance.

Suggested Citation

  • Samuel Afriyie & Jianguo Duo & Kingsley Appiah & Abdul-Aziz Ibn Musah, 2018. "The Nexus between Types of Innovation and Marketing Performance of SME in an Emerging Economy," International Review of Management and Marketing, Econjournals, vol. 8(6), pages 78-92.
  • Handle: RePEc:eco:journ3:2018-06-12
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Marketing Performance; small medium-sized enterprises; Innovation Types;

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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