School of Business and Economics
Permanent URI for this collectionhttp://41.89.31.6:4000/handle/123456789/320
Welcome to School of Business and Economics collection.This collection contains Journal articles published by faculty affiliated to the school.
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Item Strategic Renewal, Environmental Dynamism and Competitive Financial Performance of Deposit Taking Saccos in Kenya(The Strategic Journal of Business & Change Management,, 2024-06) Chesigor;, Felix Kiptoo; Kinyua, Festus Riungu; Kirimi, DorothyStrategic renewal is a change process adjusting a firm's strategic direction to achieve long-term competitiveness. This process aligns the organization’s internal capabilities with shifts in the external environment, driven by changes in technology, markets, industries, and the economy. The objective of this study was to establish the influence of Strategic Renewal on the competitive financial performance of Deposit Taking Saccos (DTS) in Kenya. The study also sought to determine how environmental dynamism moderates this relationship. Anchored on the ambidexterity theory of leadership for innovation the study was a pragmatic study of 715 Senior Head Office staff and 159 branch managers from 62 DTS from which a sample of 278 participants was derived. A semi-structured questionnaire having both closed and open-ended questions was used to collect primary data from the respondents, while secondary data was obtained from the Sacco Societies Regulatory Authority (SASRA’s) Annual Sacco Supervision Reports for the years 2017- 2021. Data was analyzed using binary logistic regression which revealed that Strategic Renewal was a positive and significant predictor of the probability of competitive financial performance in DTS. It also established that Environmental Dynamism did not have a significant moderating effect on this relationship. The study encourages DTS to continuously redefine their strategic intent, enhance their HR competence, build organization-wide commitment to competitiveness, and establish strategic partnerships with key public and private sector organizations in order to remain competitive. Further, the study strongly recommends that although DTS ought to pay attention to customer tastes and preferences, changes in technology as well as competitor strategies, they should be careful not to deviate from their traditional business model.Item Exploration of Cash Flow Management Strategy and Financial Performance of Saccos in Imenti North Sub-County, Kenya(Journal of Finance and Accounting, 2023-08) Sora, Rahima Atikiya; Kambura, Susan; Moguche, AbelThe study sought to explore the influence of cash flow management strategy on financial performance of Saccos in Imenti North Sub-County, Kenya. Descriptive research design was adopted to collect data from 21 deposit and non-deposit Saccos located in Imenti North Sub- County. The target respondents included 42 accounts department officers, 114 tellers, 93 back- office staff, and 120 loan officers hence a total of 369 respondents. Descriptive and inferential statistics were used to analyze the data. Cash flow management strategy had a correlation coefficient r=0.772** at α < 0.000 and a 99% significance level. The study established that the investment department was still undeveloped in many Saccos therefore limiting on the authorization of incorporation of funds in investment options like capital markets. This limited the Saccos to act as mere institutions of accepting deposits and savings, while at the same time issuing loans. This method of operation at many times did not guarantee consistent income due to competition from other financial institutions doing similar work. The study thus recommends that the Board of Management [BOM] should create policies and provide adequate funds to establish an investment department, if there is none, or strengthen it if in existence. The contribution to the study is that a quality policy structure would introduce the Saccos to endless opportunities in investment at capital markets which has a well-structured and managed fund portfolio. In return, this would improve the income since the operations of the Saccos would have been diversified spreading into various classes of investments available.