dc.description.abstract | Today, it has become increasingly unfavorable for companies to tie themselves to the
traditionally used methods of production. Due to the highly dynamic and competitive
environment, companies have been compelled to be more innovative in order to survive.
This study sought to establish the effect of innovations management on the growth of
microfinance banks in Kenya. The researcher sought to understand the concepts and
context of study by critically evaluations previous studies to understand the research
gaps. The study was prompted by the fact that microfinance banks were on the rise in
Kenya. Literature was review was done on the key areas of the study which were
innovations management and growth of microfinance banks in Kenya. Moreover, a
review of previous empirical studies was conducted on the interactions of the two
concepts in an attempt be better understand the relationship between the two variables.
After critical analysis of previous studies, the researcher identified a number of research
gaps that needed further investigation. The impact of innovation management on the
growth of microfinance banks in Kenya had not been clearly established. It was this gap
that the study endeavored to fill. The study used primary data that was gathered though
use of self-administered structured questions. Data collected was sufficient enough to
warranty conclusions about the study. The response rate was high enough at 90% and all
questions in the questionnaires were filled well. The data was analyzed with the
assistance of Statistical Package for Social Sciences software and presented through
tables and figures. Regression analysis was also done to establish the relationship
between the variables of the study. Interpretations were made on the results of the study
and revealed that the microfinance banks were increasingly innovative overtime.
Evidence from primary data also revealed that the microfinance banks had achieved
significant growth in the past five years as measured through branch network, number of
staff, average client deposits and level of assets among other parameters. Finally,
recommendations and conclusions were made as well as suggestions for further studies. | en_US |