Roadmap to Strategic Planning: Definitions, Practices, and Relationship with Performance (Published)
The need for strategic planning is, today, more critical than ever before. Strategic planning enables the organization to form strategy, make decisions, assign resources, and manage programs safely, effectively, and efficiently. Accordingly, this paper will explain the main concepts and definitions related to strategic planning, generally, its practices and relationship with performance
Keywords: Performance, Performance Relationship, Strategic Planning
Motivation a Catalyst for High Performance: Case Study of University of Port Harcourt Choba Port Harcourt, Nigeria. (Published)
The study x-rayed motivation as catalyst for high performance in a context of University of Port Harcourt, Nigeria. Motivation as a two edged sword was explained, as 79% of the workforce were highly dissatisfied with management not fulfilling her motivational promise of extra one month salary, is capable of generating industrial unrest-strike action and negative attitude to work. Analyzed graduands’ performance for academic sessions 2011-2014, showed that out of 13393 graduands only 0.3 %( 38) and 18 %( 2383) made 1st class and 2nd class upper division respectively. While 64.3 %( 8612) graduated with 2nd class lower division. Based on this analysis, we documented that employees’ performance is average, to improve this output (quality graduates), 56.8% and 65% of respondents out of 400 selected as a sample size through stratified sampling technique strongly agree that unconventional promotion and social activities respectively will improve their performance.
Keywords: Employee, Motivation, Performance, Remuneration, Unfulfilled Promises
Organizational Culture, Industry Competition and Performance of Microfinance Institutions in Kenya (Published)
The objective of our study is to assess the influence of organizational culture and industry competition on performance of microfinance institutions in Kenya. The population of the study comprise microfinance institutions that are members of the Association of Microfinance Institutions (AMFI) in Kenya. We used descriptive cross-sectional survey design. We collected secondary data from annual industry performance reports by AMFI. Primary data were collected through structured questionnaire. We analyze data through Chi-square tests, factor analysis and regression analysis. Results of Cronbach’s alpha test confirm reliability of our measurement scales. Our results demonstrate that organizational culture has significant positive influence on performance when the latter is measured using subjective performance indicators. However, the relationship between organizational culture and financial performance is not statistically significant. The results also indicate that industry competition has significant, but moderate positive influence on firm performance. Our results do not confirm significant influence of interaction between organizational culture and industry competition on firm performance. Finally, our results show that the joint influence of organizational culture and industry competition on performance is statistically significant. Findings of the study have implications for theory and marketing practice. Our results support the resource based view and resource advantage theories of competition. The results imply that possession of strong organizational culture that enhances reconfiguration and deployment of organizational resources is a key success factor in the microfinance industry. Findings of the study also imply that industry competition is beneficial to firms within the industry. The findings inform our conclusion that organizational culture positively and strongly influence performance outcomes in the microfinance industry. However, the study is limited by the cross-sectional research design used.
Keywords: Industry Competition, Microfinance, Organizational Culture, Performance
Arrangement of Human Resources to the Strengthening Of the Economy on the Businessemen of Micro, Small and Medium Enterprises (Msmes) In Makassar, Indonesia (Published)
Hernita. Arrangement of human resources to the strengthening of the economy in SMEs in Makassar, Indonesia. Type of qualitative research using Phenomenology approach. Source of data in this study include: 1) Primary Data Sources, 2) Secondary Data Sources. This research instrument is the researchers themselves, in which the researcher as an instrument to obtain accurate data supplied by a variety of methods. Reality in Makassar prove that there is a tendency not balance between providing qualified human resources with rate changes. It is then result in distortions between energy needs with expertise, skills and competency are not able to put up certain of educational institutions on the level of human resource needs in the community. Whereas compliance with those requirements should be obtained from outside the existing educational institutions. A drastic change from the New Order became the order of the reform should be the basic foundation for reorienting education must reset the system and the pattern of implementation of national education
Keywords: Businesmen, Economic, Human Resources, Performance, Swot Analysis
FACTORS DETERMINING FIRMS’ STRATEGY OF INTERNATIONALIZATION: A CASE STUDY ON POLAND (Published)
The purpose of this paper is to examine the determinants of an internationalization strategy and its impact on success and business performance. To achieve this objective, data were collected through surveys using a structured questionnaire administered to 385 Polish small and medium-sized enterprises (SMEs) that are involved in launching and developing their products in international markets. A confirmatory factor analysis was conducted to examine the reliability and validity of the measurement model, and the structural equation modeling technique was used to test the research model. The results of the study confirm that internationalization strategies of Polish SMEs are influenced by six factors that are: managerial expertise, dynamic capabilities, risk aversion, alliance capabilities, foreign market orientation and markets knowledge
Keywords: Alliance, Business, Internationalization, Management, Performance, Risk, Strategy, Success
EFFECT OF CHANGE MANAGEMENT ON THE PERFORMANCE OF GOVERNMENT INSTITUTIONS IN RWANDA A CASE OF RWANDA REVENUE AUTHORITY (Published)
The main purpose of this research project is to analyze the effect of change management on the performance of government institutions in Rwanda. Today government and private institutions are facing many challenges in many areas of operation, this is mainly due to stiff competition and lack of change or even failing to implement change if at all change has been introduced. Rapid environmental changes, competition to provide innovative products and services, changing customer and investor demands and globalization have become the standard backdrop for firms. To compete effectively, organizations must constantly improve their performance by reducing costs, enhancing quality, and differentiating their products and services. Sustained competitive advantage could be generated from a firm’s human capital by designing strategic change management practices to diagnose a firm’s strategic needs which are required to implement a competitive strategy and achieve operational goals. The study adopted survey research design and the target population of employees of RRA. Data was collected using questionnaires and interviews and analyzed using SPSS and Microsoft Excel. Basing on the data collected study concluded that all changes made in RRA in the past four years have been well planned and implemented. Most of employees in the institution have generally embraced the changes made in the organization and at the same time resulting into overall organizational performance.
Keywords: Change Management, Performance
IMPACT OF LIQUIDITY MANAGEMENT ON THE PERFORMANCE OF AGRIBUSINESS SECTOR IN NIGERIA (1978-2013) (Published)
The performance of the agro-industrial sector in terms of output and exports is of great importance in Nigeria, and the influence of liquidity management is of essence in assessing its growth and development. Therefor this research work is on determining the impact of liquidity management on the performance of agribusiness sector Nigeria (1978-2013). The data used was sourced from the central bank of Nigeria (CBN) statistical bulletin, and were analysed using multiple regression analysis statistical technique. The findings of the study revealed thatliquidity management had a strong bearing on the performance level in the agro-industrial sector in Nigeria.Liquidity management, value of ACGSF loans to agribusiness subsector, government capital expenditure on agriculture, value food import, and rainfall significantly determined agribusiness output in Nigeria within the period under review and based on the specified model. Liquidity management, aggregate producer’s price, agribusiness output and aggregate world price of commodity index significantly determined quantity of agribusiness export in Nigeria within the period of study and based on the specified model.It is recommended that the government should display a high sense of commitmentin its liquidity management to bring about a realistic performance in the agribusiness sector.Farm support policies such as subsidization of agribusiness inputs to produce the desired multiplier effects on agribusiness and food production and the provision of yield increasing technologies are expedient in ensuring that the agricultural sector received the desired boosts and acceleration that it required to meet the food demand of the populace and are hence advocated. Output price incentive scheme is recommended but should not be designed as a welfare scheme rather emphasis of the scheme should be the attainment of the objectives of increasing agribusiness output and export in Nigeria within the possible short period of time.
Keywords: Agribusiness Sector, Liquidity Management, Nigeria, Performance
A Comparative Study on Performance Evaluation of Pakistani Mutual Funds (Published)
This paper evaluate and compare the performance of different categories of Pakistani mutual funds, during seven year from 2004 to 2011.Mutual funds’ performance were analyzed using various evaluation techniques; Sharpe, Treyno, Jensen’s alpha, Sortino, Information/Appraisal ratio, Fama overall performance and performance attribution analysis. The findings suggest that performance of the mutual funds measured with first five methods, does not satisfy investors’ expectations based on the risk and return, mutual funds significantly under-perform the market. Those mutual funds analyzed with the last two methods, are not offering complete diversification thus managers fell short of matching expectations consistent with the actual risk level of portfolio, they have also not made active decision involving both in allocation of assets and in selection of individual security. This study facilitates the managers and investors in taking effective investment decisions by measuring the performance of funds they can allocate resources more efficiently in future.
Keywords: Investor, Mutual funds, Pakistan, Performance, Return, Risk