Financial Management and Business Growth of Selected Telecommunication Companies in Mogadishu-Somalia

ABSTRACT 

This study was set out to establish the extent to which financial management affect business growth of selected telecommunication companies in Mogadishu, Somalia; specifically the study intended to establish the (i) profile of the respondents, (ii) extent of which financial management, (iii) level business growth, (iii) whether there is a significant difference in the extent of which financial management and the level of business growth, (iv) whether there is a relationship in the extent of which financial management and the level of business growth in selected telecommunication companies in Mogadishu, Somalia. The study used a survey design; specifically descriptive correlation and descriptive comparative; data were collected from 133 respondents using self administered questionnaires as the key data collection instruments. The study findings revealed that there was a high level of which financial management, there was also high level of business growth, the extent of financial management and the level business growth significantly differed among telecommunication companies in Mogadishu city and that Islamic financial management in the selected telecommunication companies in Mogadishu city is significantly correlated with business growth. From the above findings appropriate conclusions and recommendations including those for further research were made. Recommendations from the study were (i) Telecommunication companies should state their goals clearly and ensure that they achieve their goals by ensuring that they fully understand the set goals and objectives, (ii) Telecommunication companies should ensure continuous improvements in their services to cater for ever changing consumer tastes and preferences, (iii) recruit employees with the needed skills and abilities, (iv) Keep employees involved in daily activities of the organization

TABLE OF CONTENTS

Chapter Page

One THE PROBLEM AND ITSSCOPE 1

Introduction/Background Information 1

State ment of the Problem 5

Purpose of the Study 6

Research Objectives 7

Research Questions 8

Hypothesis 9

Scope 9

Significance of the Study 10

Operational Definitions of Key Terms 12

Two LITERATURE REVIEW 13

Introduction 12

Review of Related Literature 13

Theoretical Perspectives 29

Related Studies 30

Three METHODOLOGY 32

Research Design 32

Research Population 32

Sample Size 33

Sampling Procedure 34

Research Instrument

Validity and Reliability of the Instrument 35

Data Gathering Procedures 36

Data Analysis 38

Ethical Considerations 39

Limitations of the Study 39

References 41

Appendices 48

Appendix I - Transmittal Letter 48

Appendix II Clearance from Ethics Committee 50

Appendix III - Informed Consent 51

Appendix IV - Research Instrument 52

Appendix V - Proposed Data Presentation Through Tables /Graphs 58

Appendix VI - Proposed Budget 65

Appendix VII - Time Frame 66

Researcher's Curriculum Vitae 67