Influence of Technological Innovation on Global Entrepreneurial Performance in Kenya
DOI:
https://doi.org/10.47672/ije.1825Keywords:
Technological, Innovation, Global Entrepreneurial PerformanceAbstract
Purpose: The aim of the study was to assess the Influence of technological innovation on global entrepreneurial performance 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: The influence of technological innovation on global entrepreneurial performance in Kenya is a complex and multifaceted phenomenon. Research indicates that technological advancements have significantly impacted the entrepreneurial landscape in Kenya, fostering both opportunities and challenges. On one hand, the proliferation of digital technologies has lowered barriers to entry for entrepreneurs, enabling them to reach wider markets, access crucial information, and streamline operations. This has led to a surge in entrepreneurial activities across various sectors, contributing to economic growth and job creation. However, the rapid pace of technological change also poses challenges, such as the digital divide, inadequate infrastructure, and limited access to capital and skills. Moreover, while some entrepreneurs successfully leverage technology to enhance their businesses, others struggle to adapt, leading to disparities in performance. Overall, the findings underscore the pivotal role of technological innovation in shaping the entrepreneurial landscape in Kenya, highlighting the need for supportive policies, infrastructure development, and capacity building initiatives to harness its full potential and foster inclusive growth.
Implications to Theory, Practice and Policy: Resource-based view theory, disruptive innovation theory and dynamic capabilities theory may be use to anchor future studies on assessing the technological innovation on global entrepreneurial performance in Kenya. Entrepreneurs and business leaders should prioritize cultivating a culture of innovation within their organizations, fostering an environment conducive to experimentation, creativity, and risk-taking. Policymakers should strive to create a supportive regulatory environment that incentivizes technological innovation and entrepreneurship.
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