INFLUENCE OF INNOVATIVENESS ON PERFORMANCE OF STATE CORPORATIONS IN KENYA
DOI:
https://doi.org/10.47941/jepm.189Keywords:
innovativeness, state corporations, performanceAbstract
Purpose: The purpose of this study was to establish the influence of innovativeness on performance of state corporations in Kenya.
Methodology: The study adopted an explanatory research design. The population of the research consists of the 187 state corporations in Kenya as at 2013. The unit of analysis was the state corporation. A purposive sample of 55 commercial state corporations was included in the study. The study used primary data gathered using questionnaires.
Results: Results indicated that innovativeness is a key determinant of firm performance for commercial state corporations in Kenya.
Policy recommendation: The study recommends that firms can increase the innovative capability of their firms by paying more attention towards learning orientation and entrepreneur orientation to improve performance. The investment in learning based capabilities and developing of entrepreneurial instinct to exploit opportunities plays a key role in the maintenance of innovativeness.Downloads
References
Aghion, P. and Howitt, P., (1992), A Model of Growth through Creative Destruction. Econometrica 60: 323 – 351
Black, P. J., & Wiliam, D. (2004). Towards coherence between classroom assessment and accountability: 103rd yearbook of the National Society for the Study of Education (part 2) (20–50). Chicago: University of Chicago Press.
Clark, N. D. (2010). Innovation Management in SMMEs: Active Innovators in New Zealand, Journal of Small Business and Entrepreneurship, 23 (4), 601-619
Dess, G. G., Lumpkin, G. T. & Eisner A.B. (2007). Strategic Management: Text and Cases, 3rd Ed. New York, NY: McGraw-Hill/Irwin.
Dinopoulos, E. and Thompson, P. (1998). Schumpeterian growth without scale effects. Journal of Economic Growth 3, 313–35.
Drejer, I. (2004). Identifying innovation in surveys of services: a Schumpetarian perspective. Research Policy 33, 2004, p. 551-562.
Government of Kenya (2011). Guidelines on terms and conditions of service for state corporations; Chief executive officers chairmen & Board members, management & unionasable staff, Government press, Nairobi, Kenya.
Huse, M. Neubaum, D. O. and Gabrielsson, J. (2005). Corporate Innovation and Competitive Environment, International Entrepreneurship and Management Journal, 1(3), 313-333
Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management review, 135-172.
Lwamba, N.M, Bwisa, H & Sakwa, M. (2014). Exploring the Effect of Corporate Entrepreneurship on Financial Performance of Firms: Evidence from Kenya’s Manufacturing Firms. International Journal of Academic Research in Business and Social Sciences.Vol. 4, No. 1
Mang’unyi, E. (2011). Ownership structure and Corporate Governance and its effects on performance: A case of selected Banks in Kenya. International Journal of Business Administration. 2(3)
Mayaka, C. (2006). Safaricom Limited (A) Crafting Business and Marketing Strategy for a New Market. Nairobi: School of Business Unites States International University.
McDaniel, B. (2005). A Contemporary View of Joseph A. Schumpeter’s Theory of the Entrepreneur. Journal of Economic Issues, Vol. XXXIX, No. 2, June 2005
Miller, D. (1983). The correlates of Entrepreneurship in three types of firms, Management Science, 29:770-791
Miring’u, A. & Muoria, E. (2011). An analysis of the effect of Corporate Governance on performance of Commercial State Corporations in Kenya. International Journal of Business and Public Management,1(1)
Mokaya, S. (2012). Corporate entrepreneurship and organizational performance,Theoretical perspectives approaches and outcomes. International Journal of Arts and Commerce, 1(4), 133–143.
Mugenda, O.M. & Mugenda, A.G. (2003). Research Methods: Quantitative and QualitativeApproaches. Nairobi: African Centre for Technology Studies
Ongore, V.O & K’obonyo, P.O. (2011). Effects of Selected Corporate Governance Characteristics on Firm Performance: Empirical Evidence from Kenya, International Journal of Economics and Financial Issues Vol. 1, No. 3, 2011, pp.99-12
Rauch, A., Wiklund, J., Lumpkin, G., & Frese, M. (2009). Entrepreneurial Orientation and Business Performance: An Assessment of Past Research and Suggestions for the Future. Entrepreneurship Theory and Practice, 33(3), 761–787.
Saunders, M., Lewis, P. & Thornhill, A. (2009). Research methods for business students. (5th Edition). London: Prentice Hall.
Schumpeter, J. (1934). The theory of economic development. Cambridge, Massachusets: Harvard University Press.
Swedberg, R. (2000). Entrepreneurship. The Social Science View. Oxford: Oxford University Press.
Venter, A. Rwigema, H. and Urban, B. (2008). Entrepreneurship: theory in practice, 2nd edition, Oxford University Press Southern Africa (Pty) Ltd, Cape Town
Wiklund J., & Shepherd, D. (2003). Knowledge-based resources, entrepreneurial orientation, and the performance of small an medium-sized businesses. Strategic Management Journal, 24, 1307-1314.
Zahra, S. A. & Garvis, D. M. (2000). International Corporate Entrepreneurship and Firm Performance: The Moderating Effect of International Environment Hostility, Journal of Business Venturing 15, 469-492.
Downloads
Published
How to Cite
Issue
Section
License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.
