Role of Innovative Capability and Strategic Goals on financial Performance of Entrepreneurship Organization

Abstract

Study aims to investigate role of innovative capability and strategic goals in the financial performance of Entrepreneurship organizations in MP. Innovative capabilities and strategic goals in Entrepreneurship organizations and their influence on financial performance were recognized and briefly debated according to the existing literature.  Qualitative analysis was done, followed by a discussion of the research findings. Results from the study have proved that strategic goals have a strong positive relationship with financial performance. Also, there is a strong, positive and highly significant impact innovative capacity has on financial performance. Finally, the study found that innovative capability moderates the relationship between strategic goals and financial performance. It showed that at high levels of innovative capacity, high levels of strategic goals boost financial performance massively. The findings are limited to Entrepreneurship organizations in Bhopal MP. Researchers should study why Entrepreneurship organizations may not pursue any innovation capability activities as they have positive impact on their financial performance. They may also focus on strategic goals and financial performance. Thus, it has been suggested that the business owners and caretakers need greater awareness about the importance of innovation capability and strategic goals and their influence on the overall financial performance of Entrepreneurship organizations.