International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

The Determinants of Innovation into Senegalese Small and Medium Enterprises

This paper’s purpose is to understand the factors that determine innovation within Senegalese small and medium enterprises (SMEs) for that we build logistic regression from the survey data on social norms on management capacity, information and communication technology (ITCs) and companies’ performance in Sub-Saharan francophone Africa: The case of Cameroon, Ivory Coast and Senegal. The result of this work reveals that among the factors that able to break the project and activities of innovation, we can find four principal obstacles to innovation in small and medium Enterprise. It is primary lack of internal funds which usually most discourage entrepreneurs to involve into innovation activities. The other obstacles are the innovation cost considered very expensive, the lack of external financial means for the company and difficulties in finding partners for cooperation

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