Harnessing Innovation For Market Competitiveness And Business Performance: A Case Of Logistics SOEs In South Africa

The study investigated the contribution of innovation capabilities to market competitiveness and business performance in a logistics state-owned enterprise (SOE) in South Africa. A quantitative method was employed based on data collected from 278 managers and professional employees drawn from the se...

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Bibliographic Details
Published inAfrican Journal of Innovation and Entrepreneurship (AJIE) Vol. 3; no. 1; pp. 97 - 123
Main Authors Isaiah Marweshe, Sefako, Langton, Irvine, Mafini, Chengedzai
Format Journal Article
LanguageEnglish
Published London Adonis & Abbey Publishers Ltd 01.04.2024
Subjects
Business
Competition
Competitive advantage
Competitiveness
Corruption
Demonstrations & protests
Economic growth
Innovations
Logistics
Public enterprise
Quantitative analysis
Strategic planning
Success
Technological change
South Africa
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Summary:The study investigated the contribution of innovation capabilities to market competitiveness and business performance in a logistics state-owned enterprise (SOE) in South Africa. A quantitative method was employed based on data collected from 278 managers and professional employees drawn from the selected logistics SOE and based in three provinces. Hypothesised relationships between the constructs were tested using structural equation modelling. Innovative strategy, market innovation and technological innovation all significantly predicted market competitiveness. Market competitiveness significantly predicted business performance in three areas, namely environmental, financial, and operational. Innovation emerged as a critical input factor for the improvement of market competitiveness and business performance in the logistics SOE. The study introduced a unique model for managing the contribution of innovation capabilities to market and business performance in the logistics SOE in South Africa.
ISSN:2753-3131
2753-314X
DOI:10.31920/2753-314X/2024/v3n1a5