Open Journal of Business and Management

Volume 9, Issue 4 (July 2021)

ISSN Print: 2329-3284   ISSN Online: 2329-3292

Google-based Impact Factor: 2.35  Citations  

The Impact of Creativity and Innovation on Entrepreneurship Development: Evidence from Nigeria

HTML  XML Download Download as PDF (Size: 1092KB)  PP. 1743-1770  
DOI: 10.4236/ojbm.2021.94095    3,055 Downloads   32,653 Views  Citations

ABSTRACT

This paper seeks to investigate the relationship between creativity and innovation on entrepreneurship development. Before doing so, we marry the insights of several pieces of works of literature on creativity, innovation, and entrepreneurship stemming from Joseph Schumpeter’s perspectives, theory, and research on innovation and entrepreneurship development. A survey design was adopted for the study. A valid sample of 257 impacted the study using Yemane sample size determination formulae. The research employed the Ordinary Least Square method and ANOVA Test for data analysis. In this study, we accept hypotheses H2 and H5 due to their significant and mutual relationship on the measured variable whereas H1, H3, and H4 were not accepted owing to their insignificant impact on the independent variable (entrepreneurship development). The most significant variables in this research are technological advancement and strategy. The findings of this research are quite different from the influential factors (Ali Al Qudah 2018). The two measured significant variables can then be considered as major factors or requirements for innovation and the success of a country’s entrepreneurship development. Having established this fact is a call on policy support and frame- work-specific not only for Nigeria but to any other country which is striving to achieve economic success. Interestingly, the matrix analysis established a strong relationship between creative thinking and innovative ability, as well as technological advancement although was negatively estimated on entrepreneurship development. This indicates that technological advancement is support for creativity and innovation. However, its direct effect on entrepreneurship development was not significantly estimated. This can further be investigated to ascertain reality. Therefore, this is a call on policy support and framework not only for Nigeria but to any other country which is striving to achieve economic success.

Share and Cite:

Juliana, N. , Hui, H. , Clement, M. , Solomon, E. and Elvis, O. (2021) The Impact of Creativity and Innovation on Entrepreneurship Development: Evidence from Nigeria. Open Journal of Business and Management, 9, 1743-1770. doi: 10.4236/ojbm.2021.94095.

Cited by

[1] Model for social intelligence and teachers' innovative work behavior: serial mediation
Cogent Education, 2024
[2] Effect of Social Media Usage and Demographic Characteristics on Creativity among Women Entrepreneurs in Anambra State
International Journal of …, 2024
[3] Innovation, competitiveness, and business ecosystem: determinants of local economic strengthening
… of Research in Business and Social …, 2024
[4] Probing The Theoretical Foundations Of Entrepreneurial Innovation: Exploring Diverse Constructs
Educational Administration: Theory and …, 2024
[5] Does Creativity and Product Innovation Build Business Continuity? Investigation of Samarinda Weaving Craft
ECONOMICS, 2024
[6] Social Entrepreneurship and Creativity: Building an Innovation Ecosystem for Solving Social and Environmental Issues
EKOMA: Jurnal Ekonomi …, 2024
[7] Inside out: How intrapreneurship is redefining the corporate landscape and shaping tomorrow's workforce
Innovating From Within, 2024
[8] Creativity and Innovation Effects 'on Entrepreneurship Growth in Nigeria: Focus on Kano State
Pakistan Social Sciences …, 2024
[9] Entrepreneurial competencies and development methods in digital health: a case study of Lithuanian startups
2024
[10] EVALUATING THE EFFICACY OF TECHNOLOGY INCUBATION CENTRES IN FOSTERING ENTREPRENEURSHIP: CASE STUDIES FROM THE GLOBAL SOUT
International Journal of …, 2024
[11] Assessing Digital Innovation and Sustainable Entrepreneurship among Business Owners and Managers in Southwest Nigeria
Covenant Journal of …, 2024
[12] Lime versus Lemon: Factors That Constitute the Differences between Hausa and Igbo Entrepreneurs in Nigeria
Journal of Excellence …, 2024
[13] Colleges of Education and Industries Partnership as a Panacea for Developing Entrepreneurial Skills among Technical Education Graduates in Nigeria
ATBU Journal of …, 2024
[14] Role of Big Five Personality Factors of Managers and Entrepreneurial Service Creativity of Hotels in Bayelsa State
FUW-International Journal of Management and …, 2024
[15] CREATIVE THINKING, ADAPTABILITY AND ENTREPRENEURIAL DEVELOPMENT IN NIGERIA
2024
[16] EDUCATION AND KNOWLEDGE IN THE CONTEXT OF THE KNOWLEDGE ECONOMY
Актуальні питання у сучасній науці, 2024
[17] GENDER DIFFERENTIAL EFFECT OF BRAINSTORMING ON SENIOR SECONDARY SCHOOL STUDENTS'CREATIVITY IN DATA PROCESSING IN ANAMBRA …
NAU JOURNAL OF TECHNOLOGY …, 2024
[18] Innovation and Organizational Performance in Nigerian Startups: A Study of Selected Entrepreneurial Ventures
KIU Journal of Humanities, 2023
[19] Effect of Innovation on Entrepreneurial Success of Manufacturing Small and Medium Firms in North-Central Nigeria
2023
[20] Peningkatan Kemampuan Guru di Komunitas Literasi YBM dan SMP BOPKRI 3 Yogyakarta dalam Berwirausaha Tulisan
2023
[21] Pengaruh Need For Achievement Terhadap Entrepreneurship Skill Development Dengan Intrinsic Learning Motivation Sebagai Variabel Mediasi Pada …
2023
[22] Modelo de emprendedurismo universitario para incrementar la intención emprendedora en estudiantes de la UNSM
2023
[23] Creativity and Entrepreneurial Development
Open Access Journal of Business …, 2023
[24] Entrepreneurship mentoring program and training in Dusun II, Susukan, Banjarnegara
Jurnal Pemberdayaan …, 2023
[25] Information Technology and Entrepreneurial Wealth Creation Sustainability in Nigeria
FUOYE JOURNAL OF …, 2023
[26] Creativity Impediments and Solutions
Creativity and Innovation for a Better World, 2023
[27] Career Decisions in the Mediterranean: To Be or Not to Be an Entrepreneur?
International Journal of Euro-Mediterranean …, 2023
[28] Knowledge Transfer as a Driver of Innovative Performance of SMEs in Lagos State
European Journal of Management Issues, 2023
[29] Analisis Faktor-Faktor yang Memengaruhi Adopsi E-commerce oleh UMKM Kerajinan DIY
KONSTELASI: Konvergensi Teknologi dan Sistem …, 2023
[30] Influence of Individualism on Entrepreneurial Opportunity Exploitation among Small and Medium Enterprises Owners in Tanzania
… Research Journal of …, 2023
[31] MANAGEMENT INNOVATION AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN AWKA, ANAMBRA STATE, NIGERIA
Journal of the …, 2023
[32] Apple's Success: An Inspiration or a Guide for Today's Entrepreneurs
American Journal of Industrial and Business …, 2023
[33] Demographic Factors of Entrepreneurs as Predictor of Batik SMEs Performance Mediated by Entrepreneurial Orientation
https://www. atlantis-press. com/, 2023
[34] The Effects of Entrepreneurship Leadership on Youth Entrepreneurial Intentions Post-COVID-19: The Case of Gauteng
Businesses, 2023
[35] ENTREPRENEURIAL INNOVATIVENESS AND PROFITABILITY OF STUDENTS'START-UPS
Nigerian Journal of Management …, 2023
[36] Identification barriers to entry in the sport tourism industry: A challenge for local sports entrepreneurs
Journal Sport Area, 2023
[37] ENTREPRENEURSHIP: A KEY COMPONENT FOR NATIONAL DEVELOPMENT IN AGRICULTURE, HEALTHCARE AND TECHNOLOGY
2023
[38] The impact of CIE education integrated with the BIG 6 teaching strategy on students' innovative motivation, creativity, metacognition, and self-perceived employability
Thinking Skills and Creativity, 2023
[39] How digital innovation affects women's entrepreneurship in Africa? An analysis of transmission channels
The International Journal of …, 2023
[40] Indonesia's successful women entrepreneurs: Servant leadership, ECommerce Digitalization Adoption, self efficacy as Mediation and Adoption of ECommerce …
Calitatea, 2023
[41] Challenges for entrepreneurial innovation: Startups as tools for a better knowledge-based economy
International …, 2023
[42] Creativity: How to Develop an Entrepreneurial Attitude of Creativity
Journal on Education, 2023
[43] Economic Crisis Management during the Covid-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy
Journal of the Knowledge …, 2023
[44] Entrepreneurial Intention and Skills Needed by Today's Youths for Sustainable Development
Social Education Research, 2023
[45] Creativity, Innovation and Shariah Compliance by the Malay Middle Class Women Entrepreneurs in Muslimah Fashion Industry in Selangor, Malaysia
2023
[46] Creativity and the performance of family business: A study of ABC transport plc., Nigeria
International Journal of Development and …, 2022
[47] Factors influencing the Young Entrepreneur's Intention During Pandemic Covid-19.
Global Business & …, 2022
[48] Youth as Creative Development Resource: How does Social Environment Unlock Youth's Creativity and Creativepreneurial Intention?
Indonesian Journal of …, 2022
[49] Factors influencing the Young Entrepreneur's Intention During Pandemic Covid-19
perspectives, 2022
[50] Facilitating Students' Creativity, Innovation, and Entrepreneurship in a Telecollaborative Project
Frontiers in Psychology, 2022
[51] Social Media as Communication Channel for Innovators: a Case Study of Innovators in Nairobi County
2022
[52] Effect of innovative practices on the growth of quantity surveying firms in Nigeria
Journal of Engineering …, 2022
[53] The effect of creativity and innovative behavior on competitive advantage in womenpreneur
SA Journal of Human Resource …, 2022
[54] What Drives The Tourism Industry In Samarinda? An Empirical Evidence
… of Tourism and …, 2022
[55] Is Entrepreneurship Education Reducing Poverty And Income Inequality In Less Developed Countries? Evidence From Nigeria
Journal of Developmental Entrepreneurship, 2022
[56] The Comparison Level of Entrepreneurial Intention and Creative Thinking Skills Among Polytechnics Students in Malaysia
Online Journal for TVET …, 2022
[57] The construct and predictive validity testing of Indonesian entrepreneurial competence inventory-situational judgment test model
Journal of Innovation …, 2022
[58] Do business records management affect business growth?
Plos one, 2022
[59] Analysis of Youth's Willingness to Exploit Agribusiness Opportunities in Nigeria with Entrepreneurship as a Moderating Variable
Businesses, 2022
[60] The impact of government policies and small scale enterprise development activities on economic growth evidence from Nigeria
International Journal of …, 2022
[61] Strategic Leadership as an Antecedent of Competitive Advantage: A Review of Literature
International Journal of Managerial Studies and Research (IJMSR), 2022
[62] Innovation and creativity in entrepreneurship: a bibliometric analysis
Jurnal Penelitian …, 2022
[63] Strategic Leadership as an Antecedent of Competitive Advantage: A Review of Literature.
International Journal of …, 2022
[64] ENHANCING THE SKILLS OF PRE-SERVICE VOCATIONAL AND TECHNICAL EDUCATION TEACHERS FOR EFFECTIVE DELIVERY IN THE 21ST CENTURY
2022
[65] The intersection of local wisdom and digital innovation in performing arts
Interlude: Indonesian Journal of Music …, 2021
[66] Innovation and Social Inequalities in Africa
International Journal of Research and Innovation in Social Science (IJRISS), 2021
[67] Analysis of tendencies in the functioning of innovative entrepreneurship in the context of technological progress
ScienceRise, 2021
[68] Empowering Educators: Revolutionizing Teaching with Entrepreneurial Skills
[69] Business model innovation and creativity impact on entrepreneurship development: An empirical study
[70] Γυναικεία επιχειρηματικότητα: προγράμματα στήριξης και ανάπτυξης της γυναικείας επιχειρηματικότητας
[71] Creativity, Innovation, and Entrepreneurship at Work: Predictive Research
[72] THE POTENTIAL FUTURE OF ARTIFICIAL INTELLIGENCE IN FOSTERING SUSTAINABLE ENTREPRENEURSHIP WITHIN THE CREATIVE ECONOMY
[73] DE IMPACT VAN CREATIVITEIT OP INNOVATIES IN DE HIGHTECHINDUSTRIE
[74] Entrepreneurship as A Tool for Sustainable Employment
OA Joel

Copyright © 2026 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.