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Enhancing Innovation Adoption to Boost SMEs Performance

Enhancing Innovation Adoption to Boost SMEs Performance
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Author(s): Neeta Baporikar (Namibia University of Science and Technology, Windhoek, Namibia & University of Pune, Maharashtra, India) and Sigried Shikokola (Ministry of Safety and Security, Namibia)
Copyright: 2020
Volume: 11
Issue: 1
Pages: 20
Source title: International Journal of Innovation in the Digital Economy (IJIDE)
Editor(s)-in-Chief: Ionica Oncioiu (European Academy of the Regions, Belgium)
DOI: 10.4018/IJIDE.2020010101

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Abstract

SMEs contribute to economic growth, employment and thereby reduce poverty. Hence, they are considered as an engine of growth, especially in the developing countries like Namibia. The other reason is they aid promotion of entrepreneurship, innovative activities enhance competition, productivity and economic growth. Adopting a qualitative approach, this study investigated the influence of innovation on SME performance and how enhancing innovation adoption will boost SMEs performance in the Khomas Region, Namibia. Primary data was collected through open and closed-ended questionnaire, distributed to 20 SME owners by means of purposive sampling method and content analysis done. Findings reflect that innovation is an important element of every organization as it had major influence on performance. Besides, innovative enterprises showed better growth. The recommendations include that the Government of Namibia consider strong financial and mentor-ship support through strategic measures, like business incubators so as to augment and sustain SMEs positive performance.

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