Impact of Workplace Innovation on Organisational Performance: A Cross Country Comparative Analysis of Entrepreneurial Ventures

Organisations are becoming increasingly aware of the impact of innovation and finding ways to cultivate innovation for performance improvement. Based on the resource-based view theory, this study aims to identify the relationship between workplace innovation and organisational performance in entrepreneurial ventures across Australia and Pakistan. Cross-sectional quantitative method was used to collect the data from top executives working in entrepreneurial ventures in both countries through an online and hardcopy survey. The results demonstrated that workplace innovation has a positive impact on organisational performance in a developed country, yet this relationship is non-significant in a developing country, showing a significant difference in both countries. The findings of this study extend the literature of workplace innovation and empirically justify that there is a need to practically implement workplace innovation as a business growth strategy in ventures across developing countries.