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Effects of Business Innovation and Technology Adoption on Libyan SMEs’ Performance: Mediation by Sustainable Development

Author

Listed:
  • Meelad, Abdullah Sulayman
  • Khatibi, Ali
  • Tham, Jacquline
  • Azam, S. M. Ferdous

Abstract

Purpose: This research examines the reliability of a developed questionnaire intended for use in a large-scale application. Also, existing literature has underscored the relationship between Business Innovation and Technology Adoption in the performance of Small and Medium-sized Enterprises (SMEs) in Libya. Also, SMEs encounter various challenges that impede their growth and success, including constraints related to capital and business development.Design/Methodology/Approach: This study used SPSS software to analyze demographic attributes and internal consistency validity and validate all constructs as determine Pearson’s correlations.Findings: The results revealed that 50% of respondents were owners and 50% were managers. Internal consistency reliability ranged from 0.961 to 0.974, indicating strong consistency across all components. Specifically, reliability coefficients were 0.961 for Strategic Planning, 0.966 for Business Innovation, 0.961 for Technology Adoption, 0.968 for Sustainable Development, and 0.974 for SMEs. Pearson’s correlations ranged from 0.961 to 0.974, confirming the validation of all questionnaire elements with Cronbach's alpha coefficients predominantly exceeding 0.6, a widely accepted threshold among researchers.Implications/Originality/Value: The results support advancing the study to broader testing and analysis phases.

Suggested Citation

  • Meelad, Abdullah Sulayman & Khatibi, Ali & Tham, Jacquline & Azam, S. M. Ferdous, 2024. "Effects of Business Innovation and Technology Adoption on Libyan SMEs’ Performance: Mediation by Sustainable Development," Journal of Business and Social Review in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 10(2), pages 299-310, June.
    • Handle: RePEc:src:jbsree:v:10:y:2024:i:2:p:299-310
    DOI: http://doi.org/10.26710/jbsee.v10i2.3057
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