Management of innovative technology for entrepreneurship and business growth : case of Nigeria

Abstract

This study explores the usefulness and the need for the Management of Innovative technology for Entrepreneurship and Business growth. The dissertation is purely descriptive and focuses on gains of Financial Technology Startups in Nigeria, which also doubles as the most populous Country in Africa, an economic hub of the African continent and a signatory country to the Organisation for Economic Co-operation and Development (OECD). As enshrined in the shift from ' managed' to the 'entrepreneurial' economy and the emergence of the ‘knowledge based economies,’ open innovation’, ‘global interconnectivity’, social entrepreneurship and innovation. These concepts have taken the lead in the present day Management of the affairs of smart Business Enterprises the world over. The concept of ‘Management of Innovative Technology’ as a critical business success factor that is an Entrepreneurial tool to be deployed in the discharge of the enterprise objectives. Businesses thrive and stay in competition when the business owners and handlers are open minded to the market dynamics of change and plan with Innovative technology to render superior products and services. In the study were improved: consistent application of Management principles, theories and practice for the smooth running of Business enterprises, professional management Training, Government participation in its regulatory capacities to checks for compliance. It has been determined that a Business enterprise that has and operates on the core values of management of Innovative technology contributes immensely in growing and perpetuating Entrepreneurship as well as sustaining enterprise performance.