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Submitted July 31, 2023
Published 2023-08-01

Artículos

Vol. 10 No. 2 (2023): Revista Colón Ciencias, Tecnología y Negocios

Business attitudes determining innovation in microenterprises: : orientation, factors, and risks


DOI https://doi.org/10.48204/j.colonciencias.v10n2.a4143

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References
DOI: 10.48204/j.colonciencias.v10n2.a4143

Published: 2023-08-01

How to Cite

García León, E. P., Beltrán Moreno, M. E., Gaibor Zambrano, W. H., & Vásconez Mera, P. L. (2023). Business attitudes determining innovation in microenterprises: : orientation, factors, and risks. Revista Colón Ciencias, Tecnología Y Negocios, 10(2), 109–129. https://doi.org/10.48204/j.colonciencias.v10n2.a4143

Abstract

The objective of this article is to evaluate the differences in the attitudes of microentrepreneurs towards selected constructs of entrepreneurial orientation, specifically innovation and competitive aggressiveness, according to selected sociodemographic factors (gender, education, and business tenure). The research was conducted in Babahoyo, Ecuador, in 2022. In a sample of 740 microenterprises, we sought to find differences in the approaches of owners towards innovation and competitive aggressiveness among men and women entrepreneurs, their educational condition and working activity of the organization. More than 50% of the surveyed microenterprises regularly develop new products and services in their businesses, but only 30% of them support their activities with sufficient funding. Sixty-six percent of microenterprises are attempting to capitalize on anticipated changes in their target market, and 58% take the initiative to stay ahead of the competition. We found that the factor that determines statistically significant differences among the defined groups was the permanence in the market.

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