Impact of innovation on financial performance of SMEs in Brunei Darussalam / Hajah Azimah binti Haji Mat Salleh
Material type:
TextPublication details: Bandar Seri Begawan : Universiti Teknologi Brunei, 2023. Description: 249 pages : illustrations; 30 cmSubject(s): -- Thesis Universiti Teknologi Brunei | -- Final Year Report Universiti Teknologi Brunei | Dissertation, academic | Thesis writing | Business ManagementOther classification: UTB 120 REPORT, THESIS & DISSERTATION | RTDS 390 Dissertation note: Dissertation (Master of Science) - Universiti Teknologi Brunei (2023)
| Item type | Current library | Call number | Copy number | Status | Notes | Date due | Barcode |
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Reports, Thesis & Dissertation Students
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Universiti Teknologi Brunei Library - at level 2 | UTB 120 REPORT, THESIS & DISSERTATION, RTDS 390 (Browse shelf(Opens below)) | c. 1 | Not for loan | Reg. No. 002434_UTB [RTDS 390] | 850562 |
Submitted in partial fulfillment of the requirements for the degree of Master of Science
ABSTRACT In 2020, Brunei was ranked 71" out of 131 countries in the Global Innovation Index with a score of 29.82. This reflects that Brunei Darussalam lacks innovation, particularly in small and medium-sized enterprises (SMEs). This is unfortunate as innovation is perceived as an important tool for SMEs to obtain better financial performance (FP). Government support (GS) towards innovation in other nations is found to have a positive impact on FP. However, it is not certain how SMEs in Brunei could benefit from it. Thus, the purpose of this study is to examine the impact of innovation on the FP of SMEs in Brunei as well as to investigate the the moderating impact of GS towards innovation on the FP of SMEs. Data was collected using a questionnaire from 92 SMEs in the manufacturing and service sectors in Brunei. Data was analysed using the multiple regression analysis. The findings of this study confirm that innovation, which includes product innovation, process innovation, marketing innovation, organisational innovation has positive significant impact on financial performance. However, GS has insignificant moderating impact on the relation between innovation & FP. Among all of the types of innovation, organisational innovation is found to have the strongest impact on FP. The study's limitation is that it doesn't go into more depth about how companies should assess their performance and whether implementing specific types of innovation into practice is worthwhile. Another drawback is that the study only had a small sample size, thus not all SMEs in Brunei are represented. The main contribution of this study is that it explores the gap by investigating the role of GS within the manufacturing and service sectors in Brunei. Future studies should further examine the impact of innovation on firms' performance to know whether it is worth implementing, to look into gathering wider aspects of FP, and to explore the different types of industries.
Dissertation (Master of Science) - Universiti Teknologi Brunei (2023)
Includes references pages 194-222
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