IDEAS home Printed from https://ideas.repec.org/p/zbw/esconf/298864.html
   My bibliography  Save this paper

Innovation Strategy and SME Survival: The Role of Organizational Adaptability

Author

Listed:
  • Amoa-Gyarteng, Karikari
  • Eserifa, Oyin-Emi

Abstract

This study aims to concisely examine the impact of innovation strategy on the survival of small and medium enterprises (SMEs), focusing on the mediating role of organizational adaptability. Employing an explanatory research design, data were collected through structured questionnaires from SME owners and managers in Kumasi Metro, Ghana. Regression analysis reveals that innovation strategy is significantly related to organizational adaptability, which in turn positively influences SME survival. Therefore, organizational adaptability's mediating role is established, indicating its essential function in SME survival.

Suggested Citation

  • Amoa-Gyarteng, Karikari & Eserifa, Oyin-Emi, 2024. "Innovation Strategy and SME Survival: The Role of Organizational Adaptability," EconStor Conference Papers 298864, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esconf:298864
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/298864/1/Amoa-Gyarteng-Innovation-strategy-SME.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nawal Abdalla Adam & Ghadah Alarifi, 2021. "Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-22, December.
    2. Daniel Kindström & Per Carlborg & Tomas Nord, 2024. "Challenges for growing SMEs: A managerial perspective," Journal of Small Business Management, Taylor & Francis Journals, vol. 62(2), pages 700-723, March.
    3. Mitsuru Kodama, 2019. "Business Innovation Through Holistic Leadership‐Developing Organizational Adaptability," Systems Research and Behavioral Science, Wiley Blackwell, vol. 36(4), pages 365-394, July.
    4. Hezron M. Osano, 2023. "Global scaling by SMEs: Role of innovation and technology," Journal of the International Council for Small Business, Taylor & Francis Journals, vol. 4(3), pages 258-281, July.
    5. Ashraf Mishrif & Asharul Khan, 2023. "Technology adoption as survival strategy for small and medium enterprises during COVID-19," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-23, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Norbert Bajkó & Zsolt Fülöp & Kinga Nagyné Pércsi, 2022. "Changes in the Innovation- and Marketing-Habits of Family SMEs in the Foodstuffs Industry, Caused by the Coronavirus Pandemic in Hungary," Sustainability, MDPI, vol. 14(5), pages 1-17, March.
    2. Ondřej Dvouletý, 2023. "A note on the effects of start-up competitions: experience from the Czech Business Plan Contest “Idea of the Year”," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-12, December.
    3. Paschal B. Nade, 2022. "Crafting Innovativeness for Graduate Entrepreneurship Development in East Africa: Are Graduates Innovators or Imitators?," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 4(2), pages 45-62, September.
    4. Ji-Hoon Park & Ribin Seo, 2024. "A contingent value of bricolage strategy on SMEs’ organizational resilience: lessons from the COVID-19 pandemic," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    5. Athiphat Muthitacharoen & Athiphat Muthitacharoen, 2023. "Digital Fiscal Stimulus and SMEs: Insights from Thailand's Half and Half Program," CESifo Working Paper Series 10711, CESifo.
    6. Yongrong Xin & Ume Laila & Shuo Zhang, 2024. "Modeling the influence of green innovation on environmental sustainability of small and medium-sized enterprises: A way towards sustainable development," Energy & Environment, , vol. 35(2), pages 779-794, March.
    7. Wang, Zankai & Le, Thanh Tiep, 2022. "The COVID-19 pandemic’s effects on SMEs and travel agencies: The critical role of corporate social responsibility," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 46-58.
    8. Mohammad Ali Alharbi & Mohd Saidin Misnan & Nur Izieadiana Abidin, 2024. "A Conceptual Model of Business Best Practices and Sustainability of MSMEs in Saudi Arabia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(5), pages 812-823, May.
    9. Myriam Raymond, 2024. "Accessing and navigating reliable health-related information for African SMEs during the pandemic Insights from an empirical study in 5 African countries," Post-Print hal-04634750, HAL.
    10. Lanyue Zhang & Stavros Sindakis & Nipun Dhaulta & Simplice Asongu, 2024. "Economic Crisis Management During the COVID-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 828-859, March.
    11. Najib Noorashid & Wei Lee Chin, 2021. "Coping with COVID-19: The Resilience and Transformation of Community-Based Tourism in Brunei Darussalam," Sustainability, MDPI, vol. 13(15), pages 1-28, August.
    12. Simon Kamuri, 2022. "Understanding entrepreneurial vision for growth, innovation and performance in Kenya’s leather industry," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 119-130, December.
    13. Harmon Chaniago, 2022. "The effect innovation cloning to small business success: entrepreneurial perspective," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-18, December.
    14. Josphat Nyoni & Manoneka Sithole & Pfumaindisu Rebecca Anesu Mutyambizi, 2022. "Concept paper on the Leadership capabilities to grow female owned enterprises in the clothing sector post COVI-19 pandemic period. Achieving gender equity through business growth," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(9), pages 735-741, September.
    15. Xin, Yongrong & Khan, Rizwan Ullah & Dagar, Vishal & Qian, Fang, 2023. "Do international resources configure SMEs' sustainable performance in the digital era? Evidence from Pakistan," Resources Policy, Elsevier, vol. 80(C).
    16. Humphreys Javan Arunga, 2023. "Unpacking Organizational Adaptation Strategies: A Conceptual Review," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 387-398, December.
    17. Jorge Luis Tonetto & Josep Miquel Pique & Adelar Fochezatto & Carina Rapetti, 2024. "Survival Analysis of Small Business during COVID-19 Pandemic, a Brazilian Case Study," Economies, MDPI, vol. 12(7), pages 1-21, July.
    18. Ioana Alexandra Horodnic & Colin C. Williams & Oana Țugulea & Iuliana Claudia Stoian Bobâlcă, 2022. "Exploring the Demand-Side of the Informal Economy during the COVID-19 Restrictions: Lessons from Iași, Romania," Sustainability, MDPI, vol. 14(12), pages 1-16, June.
    19. Marat Ressin, 2024. "Small business development in stabilizing Alberta’s economy (Canada)," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-8, December.
    20. Stephen Acheampong & Tetyana Pimonenko & Oleksii Lyulyov, 2023. "Sustainable Marketing Performance of Banks in the Digital Economy: The Role of Customer Relationship Management," Virtual Economics, The London Academy of Science and Business, vol. 6(1), pages 19-37, March.

    More about this item

    Keywords

    Innovation strategy; organizational adaptability; SME survival; diffusion of innovation theory; competitive advantage;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:esconf:298864. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zbwkide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.