Capital is the financing for a business and is made up of, primarily, owners’ funding and funding from lenders. The combination of the sources of business funding is referred to, as the capital structure of that business.Capital structure is thus the mix of company’s long term debt, specific short term debt, common equity and preferred equity; that is, how a firm finances its overall operations and growth using different sources of funding. This is composed of equity (rights issue) and de...
To enhance service delivery to its citizen, the Government of Kenya established Parastatals by enacting necessary legislations to entrench state corporations and to give them legal impetus thereby bestowing upon them authority and legitimacy to operate. Due to globalization, competitiveness, and streamlining, these parastatals are left with no choice but to execute business strategies by managing tasks through projects and enhance quality of products and service, optimize resources within lim...
Strategic policy makers often neglect the impact of organizational restructuring strategy and employee commitment. The purpose of the study was to investigate how selected organizational restructuring strategies affected employee commitment at KRA. Specifically, the study sought to; establish the effects of change of job description and employee commitment at KRA, determine the effects of grading structure change and employee commitment at KRA and to determine the effects of remuneration stru...
Education creates a platform upon which economic, social and political prosperity of any nation is founded. Investment in education can help bring about economic growth, improve productivity, contribute to social and national development and lead to reduction in social inequality. This study was therefore to affirm the above sentiments by confirming whether physical resources in any way relate to internal efficiency in secondary schools of Tana River County. The study specifically sought to e...
Micro and small enterprises are pivotal to the Kenyan economy through employment creation, provision of goods and services, fostering innovation and enhancing competition. Research has however shown that most of these enterprises experience stagnated growth with 46 percent closing business within the first year of their operation. Key among the reasons for closing business is due to shortage of operating funds and lack of proper managerial skills to carry out the day-day operations of the ent...
Banks are the primary intermediaries for the reason that in various countries of the world, they carry out financial intermediation. Through the years, different countries have gone through an unprecedented number of failures in the commercial banks internationally. These failures have prompted the need for a more serious focus on suitable methods of improving the financial performance of national financial systems. Further than the intermediation task, the banks’ financial performance of b...
The discussion of the link between personality types and strategic change by scholars today is compounded by the contradicting findings as how personality types influence implementation of strategic change. While some studies reveal positive correlation between personality types and the strategic change implementation initiatives, some studies indicated negative relationships. In Kenya and specifically the Judiciary of Kenya, the rationale to understand how personality affects the i...
Many organisations have had to conduct strategy management process so as to attain competitive advantage in a very dynamic business environment. However, despite these strategies being well formulated and planned, they do not seem to deliver the desired outcomes. Several studies has been done over the years to determine the relationship between strategy implementation and performance of an organisation. The studies are not conclusive and that they do not look at how implementation of specif...
Small to medium-sized enterprises (SMEs) is regarded as the main employment source, technological advancements, and competitive advantages for both developed and developing countries. As a result of competitive pressure and the need for growth in line with increasing its profits margins, these businesses are increasingly employing Information Technology (IT) to take advantage of its benefits. The purpose of this study was to assess the effects of using information and communication technology...
Financial literacy enhances effective use of financial services, promotes technical progress, promotes economic growth and development and aids in poverty reduction. However, Fin Access survey data shows that 17 per cent of Kenyans are financially excluded as in 2016 while enrolment in primary, secondary, and post-secondary between 2000 and 2016 increased by 66, 259, and 431 per cent respectively. This implies that increased school enrolment has not translated to reduced financial exclusion s...
The beverage sector in Kenya has consistently been characterized by persistent operational inefficiency and poor customer services. In order to address the problems of inefficiency in service delivery these organizations are fast adopting quality management in order to make them effective in meeting public demands. The beverage sector in the entire world is getting competitive every day due to the changes in technology and quality issues. In order to be successful in quality service delivery ...
Developing effective ways in revenue collection has been an important matter in tax and revenue collection. The advent of new instruments to help businesses work more efficiently affects the way taxes and revenues are collected. Despite the county governments considerable achievements in minimizing customer compliance costs, there is need for the counties to continue enhancing its service delivery. The general objective of this study was to investigate computerized enterprise resource plannin...
County Governments deliver an estimated 80 per cent of local public services and are located in and form part of the communities they serve. In order to effectively meet the ever rising demand for better services by the public, County Governments are transforming service delivery through technological innovations enhanced by egovernment to offer better management, greater use of shared data, reliable and efficient handling of routine transactions. The main purpose of this study was to investi...
Life assurance is a plan that ensures families and other beneficiaries are financially secure especially after death of the bread winner. The life assurance sector in Kenya has been striving to improve its performance in order to improve the overall livelihood of Kenyans. Despite these efforts, not much has been achieved with the country posting poor results compared to the developed and developing countries. The growth of life assurance in Kenya has declined significantly from 29.4% in 2014,...
There have been a lot of inefficiencies in service delivery by county governments to the public. It is a well-known fact that service delivery by county governments is beset with a lot of challenges ranging from corruption, political interference, poor working condition, outdated and outmoded systems, tribalism, nepotism, procedures and practices among others, conspire to impact adversely on service delivery. Service delivery has become a parameter of defining the level of satisfaction a...