Exploring the Role and Barriers to Innovation Management in New Ventures

dc.contributor.advisorOrtega, Requal
dc.contributor.authorAlkhunaizi, Ali
dc.date.accessioned2023-12-27T10:56:36Z
dc.date.available2023-12-27T10:56:36Z
dc.date.issued2023
dc.description.abstractThis dissertation explores the problem of innovation management within the Fintech new ventures in Saudi Arabia. To achieve the research objective, a mono-method qualitative study was performed. The researcher used semi-structured interviews to interview 15 leaders and managers working for five different new Fintech ventures in Saudi Arabia. The interviews were conducted through Zoom and lasted between 14 and 32 minutes each. The audio recorded interviews were analysed using thematic analysis. According to the thematic analysis, impact of the founding organisation (conflicting leadership ideas, allocated and limited finding), resource constraints (financial, knowledge), local regulatory requirements, and long idea incubation time appear to be the key barriers. The study does not find a strong support for the liability of newness hypothesis, thus, concluding that the latter represents a more relevant problem for start-ups rather than new ventures. The results also indicate that an approach toward innovation management in a new venture is inherited from the founder organisation, and that standardisation and a formalised process are important for managing innovation in Fintech. The new ventures also use creative problem-solving techniques and networking the elements of innovation management strategy. Based on the results, this dissertation formulates a number of recommendations to improve innovation management in Fintech sector of Saudi Arabia; local government has to increase its role in supporting entrepreneurship through creating more incubators and regulatory sandboxes.
dc.format.extent51
dc.identifier.urihttps://hdl.handle.net/20.500.14154/70447
dc.language.isoen
dc.publisherSaudi Digital Library
dc.subjectInnovation Barriers
dc.subjectInnovation Management
dc.subjectSaudi Arabia
dc.subjectNew Ventures
dc.subjectFinancial Technology
dc.titleExploring the Role and Barriers to Innovation Management in New Ventures
dc.title.alternativeExploring the Role and Barriers of Innovation Management in New Ventures of the private sector of saudi arabia withing the financial technology
dc.typeThesis
sdl.degree.departmentAlligence Manchester Business
sdl.degree.disciplineInnovation Management and Entrepreneurship
sdl.degree.grantorUniversity of Manchester
sdl.degree.nameMaster of Business

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