Factors Influencing Innovation Management in Iraq’s Small- and Medium-sized Enterprises

Abstract

By adopting technology, enhancing productivity, and fostering economic growth in small and medium-sized enterprises (SMEs), owners and managers can improve their innovation management methods. Owners and managers can optimize their innovation management approaches in small and medium-sized firms (SMEs) by incorporating technology, improving productivity, and promoting economic growth. Despite heightened knowledge of technology, productivity, and economic growth, innovation management has not been adequately examined. This study presents a theoretical framework for evaluating the effects of technology, productivity, and economic growth. A quantitative methodology was utilized, and questionnaires were sent to employees in small and medium-sized enterprises in Erbil, Iraq. This research involved 260 Iraqi workers, and 242 were analysed in Smart PLS. SMEs can address constraints in technology, productivity, and economic growth by implementing these strategies, as indicated by the results. Identifying opportunities for improvement, efficiently allocating resources, and fostering an innovative culture are essential for your company. Technology, productivity, and economic growth have a direct and considerable influence on innovation management. The technological aspect is the most crucial feature in predicting innovation management.

Keywords

• Economic growth
• Innovation management
• Productivity
• Small- and medium-sized enterprises in Iraq
• Technological progress