Small and Medium Enterprises (SMEs) is a significant sector in the economy of Kenya as well as many other developing economies. The sector provides employment to approximately 85% of the country’s workforce (about 7.5 million Kenyans). Insufficient business capital, underdeveloped savings strategies and poor financial knowledge are major constraints hindering financial performance of SMEs in Meru Town. This study was necessitated to determine the effect of microfinance services on fina...
ABSTRACT Commercial banks in Kenya and especially Mombasa County are facing firm rivalry demanding the use of competitive strategies so as to pledge their performance. As such, most of the commercial banks are deliberating on ways, with competitive strategies being one of them to arrive a market and afterwards make sense of and ensure its aggressive position. Therefore, this study aimed at establishing the effect of competitive strategies on the performance of commercial banks in Mombasa Co...
The primary concern regarding humanitarian programs in the developing world is that they do not address the more massive socio-economic challenges; hence, not being sustainable. The majority of these programs have been in operation for many years and have attracted funding from external and internal donors but has not translated into their economic and social empowerment due to poor project management practices. Hence, the study sought to determine the influence of project management pr...
ABSTRACT Kenya’s manufacturing and processing sector is among the key productive sectors identified for economic growth and development because of its immense potential for wealth, employment creation and poverty alleviation. Currently Kenya’s industrial sector is one of the largest in sub Saharan Africa, the sector is highly fragmented with more than 2,000 manufacturing enterprises. The presence of these industries has led to rise in e-waste due to changes in technology, wear and tear, ...
Determination and compensation of wages are concepts whose determinants may not necessarily be the same. Different sectors have a stipulated system of pay whereby workers are paid depending on their ranks or job grades, while others use individual characteristics such as education level, sex and work experience. In Kenya, minimum wage determination and fixing form an integral approach of wage setting in the domestic services sector aimed at protecting the domestic workers from exploitati...
ABSTRACT The internal environment of organizations is one of the main factors that determine project performance in different industries. The study specifically examined how various variables such as the structure, culture, resource capability and employee competency affect projects success. The resource dependency theory, resource-based view, and the open systems theories were used with a descriptive research design. The research targeted responses from 49 registered local construction firm...
Employee performance is about the timely, effective and efficient completion of mutually agreed tasks by the employee, as set out by the employer. It is evident that employees are a crucial resource hence it is important to optimize the contribution of employees to the company aims and goals as a means of sustaining effective performance. Better employee performance is realised because of excellent training programs that results to employee inspiration and the fulfilment of their needs. ...
ABSTRACT The objective of this study was to determine the factors affecting the collection of turnover tax revenues in Nairobi and find out suggestions of the possible remedies to the challenges. The study was therefore conducted as a survey with the sample of the responding firms being from Block 7 of East of Nairobi region as classified by the Kenya Revenue Authority (KRA). A structures questionnaire was used to collect the data based mainly on the Likert Scale. This study found that the S...
ABSTRACT Accounts receivable constitute a significant portion of current assets in manufacturing firms. Management therefore has to formulate strategies of effectively managing this important yet sensitive asset. This study aimed at investigating the principles and practices adopted by manufacturing firms in the management of accounts receivable in Kenya with specific reference to manufacturing firms in Thika municipality within KiambuCounty. The study further aimed at examining the strengt...
An Aberdeen Group survey 2004(as cited by Markus, 2004) of managerial and technical employees in service organizations found that 99% had some form of performance evaluation. Watson 2004(as cited by Markus, 2004) survey found a participation rate of approximately 90%. In a 2003 international survey of businesses of all sizes, 59% reported using some form of performance management tool, an increase of 18% compared with a similar survey two years earlier. It is obvious from the recent surv...
The ability to retain Volunteers has proved a challenge to many international organizations. This is no exception for many volunteers engaged in international organizations. Volunteers are more intrinsically motivated compared to extrinsic motivation and their need is to make a valued contribution by giving back to the community and skill acquisition. The aim of this study was to establish the factors determining volunteers‟ turnover with a special focus on United Nations National Vol...
Orienting employees to their workplace and their jobs is one of the most neglected functions in many organizations. An employee handbook and piles of paperwork are not sufficient anymore when it comes to welcoming a new employee to your organization. The most frequent complaints about new employee orientation are that it is overwhelming, boring or that the new employee is left to sink or swim. The result is often confused new employee who is not productive and is more likely to leave the...
ABSTRACT The financial sector in Kenya is very competitive due to the many players in the market. The competition for customers is not only from the banks, deposit taking microfinance institutions but also amongst the SACCOs themselves. Like any other business organizations SACCOs need to create value for their clients in order to gain competitive advantage and thus ensure survival and profitability. Certain types of resources owned and controlled by SACCO have the potential and promise to g...
ABSTRACT In the current 21st century where organizations are surrounded by all kinds of dynamics most of which threaten their existence and growth, strategic management remains the only way out. For an organization to adopt any new strategy, there are those drivers that ought to grease the strategy and make it effective. Strategic management drivers have been known to enhance the performance of organizations across the globe. Strategic management drivers are the key enablers of modern organi...
ABSTRACT Human resources are the source of achieving competitive advantage because of its capability to convert the other resources (money, machine, methods and material) in to output (product/service). The competitor can imitate other resources like technology and capital but the human resource are unique. People are one of the most important factors providing flexibility and adaptability to organizations. People (managers), not the firm, are the adaptive mechanism in determining how the fi...