Purpose: The objective of this research is to look into the internal environment elements of the organization that have an impact on strategic choice in the Kenyan cement industry. Methodology: A descriptive research design was used. The target population consisted of six Kenyan cement manufacturing firms. To collect data, a census and a questionnaire were used. The collection tool was piloted prior to the actual study to determine its validity and reliability. The arithmetic standard deviation and mean were utilized to assess central tendency and dispersion. Findings: Research findings are expected to significantly inform cement manufacturing firms and accelerate infrastructural development in Kenya as well as East Africa. Organizational structure was also positively correlated at (r =.368 and P>0.05), indicating a positive relationship, and organizational culture was positively correlated at (r =.358 and P >0.05), indicating a positive (+ve) and significant relationship. At (r) =.597 and P>0.05, managerial leadership styles had the greatest positive influence on strategic choice. The results of the study on organizational resources and strategic choice in Kenyan cement manufacturing firms revealed a moderately positive relationship that was statistically significant (r=.436 and P>0.05). According to the study, organizational structure, culture, managerial leadership style, and resources all have a positive (+ve) and significant effect on strategic choice. Unique contribution to theory, practice and policy (recommendation): The research hopes to inform policy on the strategic importance of supporting and strengthening strategic choices through adapting dynamic organizational structures and implementation policies for Kenyan cement manufacturing and beyond. The study will further enable top management of Kenyan cement manufacturing firms unlock the value of their investment through effective strategic leadership. The study will help improve the management and development of strategic areas of capacity building and improve policies geared towards enhancing the strategic choice.
The aim of this study was to investigate the effects of management compensation on financial performance in Kenya using case of listed manufacturing firms. The study employed census method of data collection and secondary data sources over a period of 9 years, 2010-2018, for 15 listed manufacturing firms. The agency theory complemented by the contingency, self-determination, and expectancy theories was used in the study. The data was analyzed using ordinary least squares regression analysis model as well as the descriptive methods. Eviews software was employed in the data manipulation. The key finding of the study was that key management compensation was strongly positively associated (correlated) with the financial performance of listed manufacturing firms in Kenya while Director Emoluments affect financial performance of listed manufacturing firms negatively but not strongly. Another finding was that debt ratio highly negatively and statistically significantly influenced the relation between management compensation and financial performance of listed manufacturing firms in Kenya suggesting that debt is an important factor in determining the relation between management compensation and financial performance of listed manufacturing firms in Kenya. The findings of the study are important in that they can be employed in formulating policy initiatives and strategies for improving financial performance of firms in the country.
Purpose: The purpose of this study was to examine agripreneur sustainability strategies and financial performance of SMEs in Uasin Gishu County with a specific interest of small-scale farmers in Uasin Gishu County. Materials and Methods: A descriptive survey research design was adopted in the study. The target population comprised of 1,397 small scale farmers in Uasin-Gishu County. A sample size of 140 respondents was selected using simple random sampling technique. Questionnaire was the key data collection instrument. The collected data was analyzed using quantitative and qualitative approaches of analysis. Statistical Package for Social Services version 21 was used to summarize the quantitative data into frequencies and percentages. The summarized information was presented using figures, tables and pie charts. Results: From the analysis, the following key findings were made: there is a strong positive association between financial performance and innovation (r=.219*), pro-activeness (r=.505), risk taking (.256), and networking (r=.410). The coefficient of determination indicates that 32.7% of variation of financial performance is explained by agripreneurship sustainability strategies such as innovation, pro-activeness, risk-taking and networking. It is concluded that innovation, pro-activeness, risk-taking and networking affect the financial performance of Small scale farmers in Uasin Gishu County. Unique contribution to theory, practice and policy: The study recommends that there is a need for regular training opportunities to be provided to the small scale farmers. Organizations in the agricultural sector and government ministries should focus on training farmers on entrepreneurship as a sustainable course for the business growth. Education policies in the country need to be reviewed to integrate agripreneurship as a course and more resource provided to encourage it among students in learning institutions. There is also a need for agricultural seminars to be organized within the county for the small scale farmers. There is need for further research to be conducted to assess the other factors that may be affecting the financial performance of small scale farmers.
Purpose: This study sought to establish the influence of sustainability entrepreneurial strategies on enterprise performance of women led high end human hair enterprises: a case of Westlands sub-county, Nairobi. Methodology: The study was anchored on opportunity based entrepreneurship theory and used a descriptive research design. The target population comprised of 201 women entrepreneurs. The researcher used Krecjie and Morgan formula to select a sample of 132 respondents using stratified sampling and simple random sampling methods. Data was collected through a structured questionnaire. Results: Results from the study showed that there was a positive relationship between sustainability entrepreneurial strategies and enterprise performance. The study also found that entrepreneurial characteristics were the most significant independent variable followed by market accessibility, value proposition and financial resources. The results also showed that the respondents indicated that they were able to match their strategic intentions with their entrepreneurial characteristics, generate new ideas and make timely decisions to enhance the performance of their business to a very high extent. The respondents also indicated that they had access to the financial resources, had a strong financial base and were aware of the credit facilities available to a high extent. Another finding was that the respondents considered enhancing the quantity, length, price as well as uniquely branding their of high end human hair to a high extent. Unique contribution to theory, practice and policy: The study recommended that women entrepreneurs should undergo training on formulating strategies aimed at entrepreneurial development as this will enable them seek information and systematically plan on improving their enterprise thus enhance business performance. It is also recommended that the government and other stakeholders should come up with policies to promote the accessibility of financial resources for entrepreneurs as they were crucial for the sustainability of their enterprises. Another recommendation is that women entrepreneurs should identify, design and implement competitive customer value propositions to enhance their enterprise performance. It is further recommended that the government should support policy that will establish and strengthen the sourcing and market accessibility for women owned enterprises to enhance their financial performance.
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