Influence of Innovative Information and Entrepreneurial Managerial Support on Performance of Clearing and Forwarding Firms in Kenya

Abstract

Sustainable entrepreneurship is used to address issues of social and environmental sustainability and to transform them into business opportunities through the use of sustainable innovations. In Kenya, the clearing and forwarding sector is dominated by large firms such as Bollore, Khuene, and Document Handling Limited (DHL), while SMEs account for 70% of the market. The industry contributes between 5% and 10% of Kenya's Gross Domestic Product (GDP). Moreover, there are 764 clearing and Forwarding(C&F) firms operating in Kenya that serves in more than 25 million tons of goods through logistic practices. Statistics also show that the importance of C&F firms in the economy and production of Kenya require more attention. Owing to the importance that C&F sector play in logistic activities, lack of sustainable entrepreneurship in the sector will result to dwindling of the economy and low employment opportunities. The current study aimed to investigate the effect of innovative entrepreneurship and entrepreneurial managerial support on performance of clearing and forwarding firms. The research design for this study was descriptive. The objective population of the study was 1128 management staff employed by clearing and forwarding companies in the Metropolitan of Nairobi. In the study, 375 respondents from a total 1128 population were selected using stratified samples. The study investigated original data gathered through a survey. The study included support for research to help the respondents receive the questionnaire. SPSS was used for quantitative data collection and code. Pearson correlation coefficient and regression analysis were used to analyze inferential data (multiple regression analysis). The information was provided in tables and figures while the interpretation was expressed in text. In short, the study showed that factors affecting the performance of clearing and forwarding companies in Kenya had an impact. Each element showed an important positive link with and impact on C&F companies' performance. The study demonstrated that the success of clearing and forwarding enterprises in Kenya is significantly influenced by innovative entrepreneurship and entrepreneurial managerial support. The study contributes to the corpus of knowledge in three ways: first, by providing conceptual clarity on the connection between a sustainable company and the performance of clearing and transportation businesses. Secondly, by providing clarity regarding managers' dispositions toward the variables in determining where to place a greater emphasis. The third is in methodological contribution-the instruments were tested for validity and reliability and will be used in future studies to test the same variables in other studies. Suggested areas of further study to understand further what caused Simpson paradox which was observed in joint model