Experiential Learning Practices in Entrepreneurial Knowledge Diffusion: a Factor to Innovation Performance in Pharmaceutical Firms

Abstract

In the majority of economies, entrepreneurship promotes economic development and growth. Research has indicated that entrepreneurial knowledge diffusion and innovation performance are important, but there is still much to learn. Based on this gap, the study is being conducted to evaluate the effect of experiential learning practices on the innovation performance of pharmaceutical companies in Kenya. Descriptive statistical design and an ex post factor research were applied. The goals included managers learning from one another, employees sharing their experiences and knowledge, and exchanging past experiences. 163 respondents working in Nairobi, Kenya's pharmaceutical sector made up the target group. For the performance of innovation, each goal was crucial. It is advised that the goal of experiential learning be to assist practitioners by giving them opportunities to learn and become more experienced.