Effect of Entrepreneurial Innovation on the Performance of Informal Sector: A Study of Carpentry Fir...

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" Effect of Entrepreneurial Innovation on the Performance of Informal Sector: A Study of Carpentry Firms in Lagos State "
Sodeinde, Gbemi Moses Brimah, Aminu N.

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1057976
Doc. No	:	TL57093
Main Entry	:	Sodeinde, Gbemi Moses
Title & Author	:	Effect of Entrepreneurial Innovation on the Performance of Informal Sector: A Study of Carpentry Firms in Lagos State\ Sodeinde, Gbemi MosesBrimah, Aminu N.
College	:	Kwara State University (Nigeria)
Date	:	2021
Degree	:	Ph.D.
student score	:	2021
Note	:	185 p.
Abstract	:	The carpentry sub sector is mainly responsible for creating household infrastructure and the mainly support the construction industry that provides them the finishing, glamour and the aesthetics; these requires processes. Considering the main focus of entrepreneurship is about innovation, many definitions in the literature are based on this perspective. In this era of globalised economy, the failure to adopt the innovation strategies is inimical to the performance and sustainability of the sector.The study examined the effect of entrepreneurial innovation on the performance of informal sector in Lagos (Carpentry and Furniture makers).the specific objectives were to; investigate the impact of product innovation on profitability in informal sector; investigate the effect of process innovation on sales volume/growth in informal sector; investigate whether marketing innovation influence customer satisfaction in informal sector; evaluate the effect of organizational innovation on delivery time in informal sector. Data obtained for this research was obtained purely from primary sources with the aid of structured questionnaire with 382 respondents.The study also relayed on the qualitative methodology that was generated from the interview of 10 carpenters purposively selected to complement the findings. The data were analyzed using inferential statistics and a content analysis. The hypotheses were tested at 5% level of significance. The findings reveal that innovation factor has effect on profitability, also innovation with 69.9% of the variance is in perceived sales volume. Product innovation scores caused 0.45 unit increase in sales volume with P value of 0.447. Process innovation scores induced 0.364 units which is statistically significant at 1% with P value of 0.000. Marketing innovation scores induced 0.56 which is statistically not significant at 1% by P value of 0.435. Organizational innovation induced at about 0.321 unit increase in sales volume which is statistically significant at 1% by P value of 0.000.The hypothesis three revealed that product, process and marketing affects the customer satisfaction while organizational innovation with induced value of 0.007 unit rise and P value of 0.889 has no effect on customer satisfaction. The last hypothesis revealed that product and market innovation have effect on delivery time while process and organizational innovation do not have effect on delivery time with P value of 0.555 and 0.807 respectively which was statistically not significant at 1%.Therefore, based on the findings, the study concluded that entrepreneurial innovation adopted by managers in the informal sector improves the performance. It was recommended that the sector should be encouraged to sustain the innovation currently being experienced by the sector.
Descriptor	:	Business administration
	:	Entrepreneurship
	:	Marketing
Added Entry	:	Brimah, Aminu N.
Added Entry	:	Kwara State University (Nigeria)