Effect of Management CompetenceonFinancial Sustainability of Community Conservancies in Northern Kenya

Abstract

The survival and expansion of organizations all over the world depend on their capacity to maintain their financial viability. Community conservancies in Kenya struggle to survive and grow financially.This paper sought to assessthe effect of management competenceon the financial sustainability of community conservancies in Northern Kenya. The study was anchored on theagency theory. It adopted the explanatory research design and a cross-sectional approach. Primary data was collected using a semi-structured questionnaire. Data was analyzed using descriptive and inferential statistics. The findings indicated that management competencehad a positive and significant effect on the financial sustainability of community conservancies in Kenya. The study concluded that management competencepositively contributesto enhanced financial sustainability. The study recommended that community conservancies management should strengthen aspects related to management competence. There should be a proper delegation of duties aimed at empowering employees. Managers should demonstrate the right attitude, skills,and knowledge.