Organizational Learning, Innovativeness and Financial Performance of Small And Medium Enterprises (Smes) In Nigeria

Abstract

This study examined the relationship and the impact of organizational learning and innovativeness on financial performance of small and medium enterprises (SMEs) in Osun State of Nigeria. The findings revealed that organizational learning components: system orientations, organizational climate for learning orientation, knowledge acquisition and utilization orientation, information sharing and dissemination orientation and financial performance are positively related. It was also revealed that system orientation, knowledge acquisition and utilization and information sharing and dissemination orientation are found to be the predictor of financial performance. Organizational innovativeness had no relationship with nor influence financial performance. The study recommended that firms should create enabling environment for the employees to be innovative in their operations in order to take its competitive advantage.

Keywords: Organizational learning, Innovativeness, Financial performance.