Javascript must be enabled to continue!
Relationship between Market Orientation and Innovation Performance in Technology Startups in Kenya
View through CrossRef
Purpose: The aim of the study was to assess the relationship between market orientation and innovation performance in technology startups in Kenya.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: A study investigating the relationship between market orientation and innovation performance in technology startups in Kenya found significant correlations between the two variables. Market orientation, defined as the extent to which a firm focus on understanding and meeting customer needs, was positively associated with innovation performance among the startups surveyed. The findings suggest that technology startups that prioritize gathering market intelligence, understanding customer preferences, and
adapting their strategies accordingly are more likely to achieve higher levels of innovation. This underscores the importance of market-driven approaches in fostering innovation within the Kenyan technology startup ecosystem. The study highlights the potential benefits of aligning business strategies with market demands to enhance innovation outcomes and ultimately, the competitiveness of startups in the dynamic technology sector.
Implications to Theory, Practice and Policy: Resource-based view, dynamic capabilities theory and absorptive capacity theory may be use to anchor future studies on assessing the relationship between market orientation and innovation performance in technology startups in Kenya. Technology startups should prioritize the development and implementation of market-oriented strategies to drive innovation performance. Policymakers should recognize the importance of supporting market-oriented entrepreneurship through conducive regulatory frameworks and support programs.
Title: Relationship between Market Orientation and Innovation Performance in Technology Startups in Kenya
Description:
Purpose: The aim of the study was to assess the relationship between market orientation and innovation performance in technology startups in Kenya.
Methodology: This study adopted a desk methodology.
A desk study research design is commonly known as secondary data collection.
This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research.
Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: A study investigating the relationship between market orientation and innovation performance in technology startups in Kenya found significant correlations between the two variables.
Market orientation, defined as the extent to which a firm focus on understanding and meeting customer needs, was positively associated with innovation performance among the startups surveyed.
The findings suggest that technology startups that prioritize gathering market intelligence, understanding customer preferences, and
adapting their strategies accordingly are more likely to achieve higher levels of innovation.
This underscores the importance of market-driven approaches in fostering innovation within the Kenyan technology startup ecosystem.
The study highlights the potential benefits of aligning business strategies with market demands to enhance innovation outcomes and ultimately, the competitiveness of startups in the dynamic technology sector.
Implications to Theory, Practice and Policy: Resource-based view, dynamic capabilities theory and absorptive capacity theory may be use to anchor future studies on assessing the relationship between market orientation and innovation performance in technology startups in Kenya.
Technology startups should prioritize the development and implementation of market-oriented strategies to drive innovation performance.
Policymakers should recognize the importance of supporting market-oriented entrepreneurship through conducive regulatory frameworks and support programs.
Related Results
Sustainability for Startups : A Complex Phenomenon Analyzed Through A Symbolic Interactionist Perspective
Sustainability for Startups : A Complex Phenomenon Analyzed Through A Symbolic Interactionist Perspective
L'impact social et environnemental des startups : Une perspective symbolique interactionniste d'un phénomène complexe
Traditionnellement reconnues pour leur contrib...
THE ROLE OF TECHNOLOGICAL INNOVATION IN SUCCESS OF STARTUPS IN ALGERIA
THE ROLE OF TECHNOLOGICAL INNOVATION IN SUCCESS OF STARTUPS IN ALGERIA
Objective: The objective of this study is to investigate the role of technological innovation in the success of startups in Algeria, with the aim of musering impact of Technologica...
Entrepreneurship Ecosystem and Opportunities for Startups
Entrepreneurship Ecosystem and Opportunities for Startups
The edited book "Entrepreneurship Ecosystem and Opportunities for Startups" provides a comprehensive analysis of the multifaceted components of entrepreneurship ecosystems and thei...
Towards a Democratisation of Innovation
Towards a Democratisation of Innovation
Singapore is an innovation-intensive nation. In 2020 Prime Minister Lee Hsien Loong pledged to inject ‘up to S$150million’ in the country’s startup ecosystem (Channel News Asia). T...
Digital Entrepreneurship and Performance of the Insurance Industry Sector in Kenya
Digital Entrepreneurship and Performance of the Insurance Industry Sector in Kenya
The insurance industry in Kenya has become very competitive due to the shrinking demand of noncompulsory insurance products and negative perception by the general public. To ensure...
Processos, práticas e competitividade: um estudo no contexto de startups
Processos, práticas e competitividade: um estudo no contexto de startups
O objetivo deste trabalho consiste em identificar os processos e práticas de gestão em uso em startups e analisar sua competitividade com base na visão baseada em recursos (RBV). D...
Strategic orientations and export market success of manufacturing firms
Strategic orientations and export market success of manufacturing firms
PurposeThe purpose of this study is to investigate the association of international orientation and market orientation and their joint effects on export market success. Additionall...
Financing Startups and Their Role in a Company's Competitive Strategy
Financing Startups and Their Role in a Company's Competitive Strategy
The article examines startup financing as a crucial factor in shaping a company’s competitive strategy. Startups are key elements of innovative development, helping companies adapt...

