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The
Application of Disruptive Innovation Among SMEs
Abstract
The study aimed to investigate how
disruptive innovation theory can be applied to small and micro enterprises in
China. The study has considered the dynamic nature of the business environment
mostly on the developed regions and conditions which are predominant to enhance
the application of the disruptive innovation. Specifically, the study has
deliberated on determining the influence of access to finances on the
implementation of disruptive innovation. Besides an investigation of the impact
of business laws and regulation and internal expertise on the application of
disruptive innovation has been deliberated on in the study. Finally, the
research aimed to investigate the effect of strategic support on the
application of disruptive innovation. To fructify the objectives of the study,
the researcher used a quantitative study design to examine how SMEs in China
may apply disruptive innovation within their operations. However, due to the
financial and time constraints, the researcher used a random sampling technique
to identity population with similar characteristics which resulted in a sample
size of 218 small and micro enterprises. The results of the study revealed that
access to finance is a critical aspect regarding the application of disruptive
innovation in SMEs in China. As a result, this findings concurred with previous
studies that business investors and lenders have a role to play in enhancing
the sustainable competitiveness of SMEs. Besides, Legal issues surrounding
business operations play a critical part in enabling the business to compete
with huge multinational players in the same market environment. Furthermore,
strategic support and internal capability of the employees go hand-in-hand in
instilling success in the application of disruptive innovation by SMEs.
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