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INNOVATION AND RESILIENCE OF SMALL-MEDIUM ENTREPRENEURS IN PORT HARCOURT
This study is focused on examining the relationship between innovation and resilience with emphasis on small and medium enterprises in Port Harcourt, Rivers State. The population of the study consists of 180 owners of small and medium enterprises within mile 1, 2, 3 and 4 axis. Krejcie and Morgan table of population and sample size determination was used as a guide in determining our sample size. The relationship between variables and the causal effect of independent variable on the dependent variable were determined with Pearson correlation. Bases on this relationship, it was found that the dimensions of innovation such as idea management capability, strategic management capability and knowledge management capability have a very significant relationship with resilience. The conclusion is that the managers of SMEs need to be strategic and properly manage idea generation in order to be resilience.
Key words: Innovation, Knowledge management capability, Idea management capability, Strategic management and Resilience.