Effects of Creativity and Innovation on the Entrepreneurial Performance of Family Business

Effects of Creativity and Innovation on the Entrepreneurial Performance of Family Business

Project / Seminar Material
Reference ID: PS-1011-TM

DEDICATION

This research material titled “Effects of Creativity and Innovation on the Entrepreneurial Performance of Family Business” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Business and Innovation, Book Authors and Profound Scholars of existing or related project material on “Effects of Creativity and Innovation on the Entrepreneurial Performance of Family Business” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

This research study examined the Effects of Creativity and Innovation on the Entrepreneurial Performance of Family Businesses. The objective of the research was to examine the effects of creativity and innovation on entrepreneurial performance of family business. Both primary and secondary data were used for the data gathered. The survey research method was used through the distribution of 200 questionnaires to 20 family businesses in the Lagos metropolis.

The family businesses used for this study included the following Techoquip Limited, Deorenik Limited, Ajoke Stores Limited, Eagles Path Limited, Olaolu Trading Stores, Obosi & Co Limited, Eleganza, Bode Best & Co Limited, AA Shittu & Co Limited, Elizade Nigeria Limited, Ekenedilichukwu Transport, CN Okoli Motors, Diya Fatimileyin & Co Limited, Jide Taiwo & Co Limited, Howard Daffinone Consulting, Rotimi Williams Firm, BraithWhyte Group, and Emmalesson Group, Ibru Group of Companies, and OBAT petroleum group. ANOVA test statistics was used to test the three hypotheses of the research. In analysis of the data gathered, it was found that creativity and innovation through product quality, new technology, and new product development significantly affect the performance of family businesses. The study recommends that family businesses should engage more on technology in improving the quality of their product so as to sustain their organisation's position in the face of competition.


Effects of Creativity and Innovation on the Entrepreneurial Performance of Family Business

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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