Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia

Mashael Alshraim; Yusuf Akinwale

doi:10.1007/978-3-031-54009-7_29

Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia

Mashael Alshraim
, Yusuf Akinwale^*

^*Corresponding author for this work

Economics Department

Imam Abdulrahman Bin Faisal University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The Kingdom of Saudi Arabia (KSA) seeks to diversify the economy from oil-dependent having realized the unsustainable nature of this resource to economic development in years to come. These warrants given attention to MSMEs in contributing to GDP as stated in the country’s Vision 2030. Innovation has become a good channel through which firms drive their own performance which hitherto led to economic growth. This study investigates the level of innovation and the influence of innovation types on business performance of MSMEs in the Eastern province of KSA. The outcome indicates that innovation is at the medium level among the MSMEs and multinomial regression result reveals that while process and organizational innovations are significant in influencing performance, product and marketing are not significant. Furthermore, R&D, age and size of enterprises significantly influence the business performance. Government should create better support to motivate firms to continuously engage in research and innovation.

Original language	English
Title of host publication	Technology
Subtitle of host publication	Toward Business Sustainability - Proceedings of the International Conference on Business and Technology ICBT2023
Editors	Bahaaeddin Alareeni, Allam Hamdan
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	316-325
Number of pages	10
ISBN (Print)	9783031540080
DOIs	https://doi.org/10.1007/978-3-031-54009-7_29
State	Published - 2024
Event	International Conference on Business and Technology, ICBT2023 - Manama, Bahrain Duration: 7 May 2023 → 9 May 2023

Publication series

Name	Lecture Notes in Networks and Systems
Volume	927 LNNS
ISSN (Print)	2367-3370
ISSN (Electronic)	2367-3389

Conference

Conference	International Conference on Business and Technology, ICBT2023
Country/Territory	Bahrain
City	Manama
Period	7/05/23 → 9/05/23

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Business performance
Innovation
Kingdom of Saudi Arabia
Micro
Multinomial regression
Small and medium enterprises

Access to Document

10.1007/978-3-031-54009-7_29

Cite this

Alshraim, M., & Akinwale, Y. (2024). Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia. In B. Alareeni, & A. Hamdan (Eds.), Technology: Toward Business Sustainability - Proceedings of the International Conference on Business and Technology ICBT2023 (pp. 316-325). (Lecture Notes in Networks and Systems; Vol. 927 LNNS). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-54009-7_29

Alshraim, Mashael ; Akinwale, Yusuf. / Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia. Technology: Toward Business Sustainability - Proceedings of the International Conference on Business and Technology ICBT2023. editor / Bahaaeddin Alareeni ; Allam Hamdan. Springer Science and Business Media Deutschland GmbH, 2024. pp. 316-325 (Lecture Notes in Networks and Systems).

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title = "Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia",

abstract = "The Kingdom of Saudi Arabia (KSA) seeks to diversify the economy from oil-dependent having realized the unsustainable nature of this resource to economic development in years to come. These warrants given attention to MSMEs in contributing to GDP as stated in the country{\textquoteright}s Vision 2030. Innovation has become a good channel through which firms drive their own performance which hitherto led to economic growth. This study investigates the level of innovation and the influence of innovation types on business performance of MSMEs in the Eastern province of KSA. The outcome indicates that innovation is at the medium level among the MSMEs and multinomial regression result reveals that while process and organizational innovations are significant in influencing performance, product and marketing are not significant. Furthermore, R\&D, age and size of enterprises significantly influence the business performance. Government should create better support to motivate firms to continuously engage in research and innovation.",

keywords = "Business performance, Innovation, Kingdom of Saudi Arabia, Micro, Multinomial regression, Small and medium enterprises",

author = "Mashael Alshraim and Yusuf Akinwale",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.; International Conference on Business and Technology, ICBT2023 ; Conference date: 07-05-2023 Through 09-05-2023",

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doi = "10.1007/978-3-031-54009-7\_29",

language = "English",

isbn = "9783031540080",

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Alshraim, M & Akinwale, Y 2024, Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia. in B Alareeni & A Hamdan (eds), Technology: Toward Business Sustainability - Proceedings of the International Conference on Business and Technology ICBT2023. Lecture Notes in Networks and Systems, vol. 927 LNNS, Springer Science and Business Media Deutschland GmbH, pp. 316-325, International Conference on Business and Technology, ICBT2023, Manama, Bahrain, 7/05/23. https://doi.org/10.1007/978-3-031-54009-7_29

Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia. / Alshraim, Mashael; Akinwale, Yusuf.
Technology: Toward Business Sustainability - Proceedings of the International Conference on Business and Technology ICBT2023. ed. / Bahaaeddin Alareeni; Allam Hamdan. Springer Science and Business Media Deutschland GmbH, 2024. p. 316-325 (Lecture Notes in Networks and Systems; Vol. 927 LNNS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia

AU - Alshraim, Mashael

AU - Akinwale, Yusuf

N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

PY - 2024

Y1 - 2024

N2 - The Kingdom of Saudi Arabia (KSA) seeks to diversify the economy from oil-dependent having realized the unsustainable nature of this resource to economic development in years to come. These warrants given attention to MSMEs in contributing to GDP as stated in the country’s Vision 2030. Innovation has become a good channel through which firms drive their own performance which hitherto led to economic growth. This study investigates the level of innovation and the influence of innovation types on business performance of MSMEs in the Eastern province of KSA. The outcome indicates that innovation is at the medium level among the MSMEs and multinomial regression result reveals that while process and organizational innovations are significant in influencing performance, product and marketing are not significant. Furthermore, R&D, age and size of enterprises significantly influence the business performance. Government should create better support to motivate firms to continuously engage in research and innovation.

AB - The Kingdom of Saudi Arabia (KSA) seeks to diversify the economy from oil-dependent having realized the unsustainable nature of this resource to economic development in years to come. These warrants given attention to MSMEs in contributing to GDP as stated in the country’s Vision 2030. Innovation has become a good channel through which firms drive their own performance which hitherto led to economic growth. This study investigates the level of innovation and the influence of innovation types on business performance of MSMEs in the Eastern province of KSA. The outcome indicates that innovation is at the medium level among the MSMEs and multinomial regression result reveals that while process and organizational innovations are significant in influencing performance, product and marketing are not significant. Furthermore, R&D, age and size of enterprises significantly influence the business performance. Government should create better support to motivate firms to continuously engage in research and innovation.

KW - Business performance

KW - Innovation

KW - Kingdom of Saudi Arabia

KW - Micro

KW - Multinomial regression

KW - Small and medium enterprises

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AN - SCOPUS:85187784333

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T3 - Lecture Notes in Networks and Systems

SP - 316

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ER -

Alshraim M, Akinwale Y. Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia. In Alareeni B, Hamdan A, editors, Technology: Toward Business Sustainability - Proceedings of the International Conference on Business and Technology ICBT2023. Springer Science and Business Media Deutschland GmbH. 2024. p. 316-325. (Lecture Notes in Networks and Systems). doi: 10.1007/978-3-031-54009-7_29

Assessment of Innovation Types and Business Performance Among MSMEs in Eastern Province of Saudi Arabia

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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