Empirical Analysis on Innovation and Implication for Entrepreneurship Development in Nigeria

Abstract

The study seeks to assess the nature of the relationship between innovation and entrepreneurship development, ascertain the extent of the relationship between creativity and innovation, ascertain the extent of the relationship between innovation and competitive advantage, and determine the measures of innovation outputs in Nigeria. The study was carried out primarily through the survey method and interview of entrepreneurs/CEOs in Anambra and Enugu States in Nigeria. Secondary data were obtained through books, journals and internet. The questionnaire was designed in likert scale format. The researcher conducted a pre- test on the questionnaire to ensure the validity of the instrument. Data collected were presented in frequency tables.  Pearson product-moment Correlation coefficient was used to test hypotheses 1, 2, and 3 while chi- square was used to test hypothesis (4) using SPSS.

Keywords: Innovation, Entrepreneurship, Creativity, and Competitiveness