Relationship between Market Orientation and Innovation Performance in Technology Startups in Kenya

Jeccinta Odello ()

International Journal of Business Strategies, 2024, vol. 9, issue 1, 75 - 86

Abstract: Purpose: The aim of the study was to assess the relationship between market orientation and innovation performance in technology startups in Kenya. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: A study investigating the relationship between market orientation and innovation performance in technology startups in Kenya found significant correlations between the two variables. Market orientation, defined as the extent to which a firm focus on understanding and meeting customer needs, was positively associated with innovation performance among the startups surveyed. The findings suggest that technology startups that prioritize gathering market intelligence, understanding customer preferences, and adapting their strategies accordingly are more likely to achieve higher levels of innovation. This underscores the importance of market-driven approaches in fostering innovation within the Kenyan technology startup ecosystem. The study highlights the potential benefits of aligning business strategies with market demands to enhance innovation outcomes and ultimately, the competitiveness of startups in the dynamic technology sector. Implications to Theory, Practice and Policy: Resource-based view, dynamic capabilities theory and absorptive capacity theory may be use to anchor future studies on assessing the relationship between market orientation and innovation performance in technology startups in Kenya. Technology startups should prioritize the development and implementation of market-oriented strategies to drive innovation performance. Policymakers should recognize the importance of supporting market-oriented entrepreneurship through conducive regulatory frameworks and support programs.

Keywords: Market Orientation; Innovation Performance; Technology Startups (search for similar items in EconPapers)
Date: 2024
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