Technological Innovation as entrepreneurial Determinant affecting Savings Mobilization among Micro and Small Enterprises in Kenya
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2016, Vol 6, Issue 3
Abstract
The research study aimed at finding the effect of technological innovation on savings mobilization among MSEs in Trans Nzoia county Kenya. Studies from developed world have indicated that the use of technological innovations in savings mobilization improves performance of MSEs leading to better savings mobilized, also,MSEs with superior technological resource will have a competitive advantage leading to entrepreneurial growth of their MSEs and also enhances the efficiency of an enterprise and builds the confidence of entrepreneurs in discharging their responsibilities. The research used mixed research design to conduct the study among 339MSEs who are registered with KNCCI Trans Nzoia county. Stratified sampling was used to categorize MSEs into three strata’s namely service manufacturing and commerce or trade. Pilot study tested the instruments reliability and validity which met the threshold 0.70. Correlation among the technological innovation factors was found to be significant. The major findings of the study indicated technological innovation influences introduction of variety of new product and services offering to customers, drastically reduces the cost of savings mobilization and makes financial products and services appealing/attractive. The study concluded that financial institutions to consistently innovate new technologies of delivering their products and services The study also concludes that gender, level of education and number of dependants positively affects technological innovations which influences savings mobilization among MSEs. The study recommends that prior to the financial institutions introduction of technological innovations, they should create functional infrastructures to operate effectively.
Authors and Affiliations
Fred Gichana Atandi, Henry M. Bwisa, Maurice Sakwa
Keywords
Related Articles
- EP ID EP184160
- DOI 10.6007/IJARBSS/v6-i3/2059
- Views 145
- Downloads 0
Technology Acceptance in Healthcare Service: A Case of Electronic Medical Records (ERM)
This study extends applicability of the Technology Acceptance Model (TAM) to test user acceptance of EMR in the hospital. This study aims to assess the EMR characteristics which could affect the healthcare profession’s b...
An Empirical Study on Assessing the Relationship Between Affective commitment and Informal workplace learning
Informal workplace learning plays increasingly an important role for enhancing knowledge and skill of employees which is necessary for achieving competitive advantage and sustainability of organization. Although, Researc...
Total Quality Management, Export Market Orientation and Firm Export Performance: A Conceptual Framework
This paper proposed that export market orientation may provide a clear understanding of total quality management and firm export performance relationship. Specifically, the proposed framework links the between total qual...
How Do Turkish University Students Perceive Globalization? A Phenomenographic Analysis
This article aimed to reveal the Turkish university students’ perceptions and perspectives around globalization. For this purpose, a research was carried out among university students and a total of 11,650 students who a...
Brewing the Perfect Story: Rearticulating the Rhetoric in Sri Lankan Tea Tale
This paper analyses Sri Lankan tea industry in context to organizational storytelling. It focuses on the organizational narrative, conveyed through advertisements, annual reports and product packaging. While this story i...