Achievement Orientation and Innovation in Small and Medium-Sized Enterprises (SMEs)

  • Eneyi Ogosi Department of Management, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Rivers State, Nigeria
Keywords: Achievement orientation; Innovation; Small and medium-sized enterprises (SMEs); Organizational behavior; Need for achievement; Moivation.

Abstract

This paper offers a thorough review of the existing literature on the relationship between achievement orientation and innovation in small and medium-sized enterprises (SMEs). Drawing on the McClelland Theory of Needs, which stresses the role of achievement motivation in steering individual behavior, the paper investigates how achievement-oriented individuals within SMEs add to innovation efforts. The review studies several dimensions of achievement orientation, as well as the need for achievement, and its influence on promoting innovative thinking and behaviors within SMEs. The findings suggest that individuals and SMEs with a high demand for achievement are most likely to participate in innovative activities such as creating and applying new ideas, taking risks, and vigorously seeking opportunities for improvement and growth. Also, the review underlinesthe importance of creating a helpful organizational culture that encourages and compensatesachievement-oriented behaviors in order to stimulate innovation in SMEs. The implications of this studydraw attention to the significance of recognizing and fostering achievement-oriented individuals within SMEs and applying strategies to influencetheir motivation in nurturing a culture of innovation. This paper contributes to the literature by providing a wide-ranging understanding of the role of achievement orientation in driving innovation within SMEs, and offers practical understandings for managers and policymakers in search of enhancing innovation practices in this context.

 

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Published
2024-04-20
How to Cite
Ogosi, E. (2024). Achievement Orientation and Innovation in Small and Medium-Sized Enterprises (SMEs). GPH-International Journal of Business Management, 7(03), 173-190. https://doi.org/10.5281/zenodo.11002744