Influence of strategic planning and organizational resources on financial performance of state corporations: A case of Kenya Electricity Transmission Company Limited (KETRACO)

2021 ◽  
pp. 1-11
Author(s):  
Jackson Gachara ◽  
Washington Okeyo
Keyword(s):  
Strategic Planning ◽  
Financial Performance ◽  
Positive Relationship ◽  
Target Population ◽  
Leadership Theory ◽  
Critical Examination ◽  
Organizational Resources ◽  
Electricity Transmission ◽  
Company Limited ◽  
Strong Positive Relationship

Abstract Influence of strategic planning and organizational resources on the financial performance of state corporations. The study aimed to establish the influence of strategic planning and organizational resources on the financial performance of state corporations a case study of KETRACO with specific objectives being to examine how strategic planning and organization resources affect financial performance. The findings will be used as a reference point to other researchers in the same field. The study findings will be beneficial to the foundation of future studies and provided a critical examination and the knowledge generated by this study will enable scholars to improve and develop a better understanding of the subject. The study was anchored on adaptive leadership theory and reinforced by trait leadership theory. The study adopted a descriptive research design with a target population of 385 respondents. Stratified proportion sampling was used to select 121 respondents. Questionnaires were used for data collection, and a pilot study was conducted on the questionnaires. Data were analyzed using descriptive statistics and inferential statistics. The study established a strong positive relationship between strategic planning and financial performance (r= 0.548, p=0.000), and that strategic planning significantly influences financial performance. The regression analysis revealed a relationship R = 0.302 which showed a significant correlation and revealed that organization resources and financial performance are significantly connected, the study established a strong positive relationship between the organization resources and financial performance (r= 0.302, p=0.004). The study concludes that strategic planning statistically and significantly affects financial performance and that there is a positive relation between organization resources and the variations in financial performance can be explained by other study variables. The study recommends that KETRACO management should develop and formulate guidelines, governing structure, and strategic plans for effective implementation of organizational goals and objectives. Keywords: Financial Performance, Strategic Planning, Organization Resources, Kenya Electricity Transmission Company Limited, State Corporations in Kenya.

scholarly journals Relationship between strategic planning and financial performance: The case of small, micro- and medium-scale businesses in the Buffalo City Metropolitan

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Shingirai Gomera ◽  
Willie T. Chinyamurindi ◽  
Syden Mishi
Keyword(s):  
Strategic Planning ◽  
Financial Performance ◽  
South African ◽  
Positive Relationship ◽  
Theory And Practice ◽  
Eastern Cape ◽  
Implementation Evaluation ◽  
African Context ◽  
Survey Responses ◽  
And Control

Background: Arguments are made for strategic planning as an important organisational capability used to realise a firm’s goals and objectives. Despite this, conflicting views appear to emerge from the extant literature over the link between strategic planning and financial performance. Notably, within a South African context, a few studies have been conducted ascertaining this relationship especially within small, medium and micro-enterprises (SMMEs). Aim and setting: The study aimed to determine this relationship using survey responses from a sample of 225 respondents classified as owners or managers of SMMEs operating within theBuffalo City Metropolitan in the Eastern Cape Province of South Africa. Method: Data were analysed through regression and correlation analysis. Results: Findings reveal strategic planning to have a positive relationship with the financial performance of the SMMEs. Furthermore, aspects of strategic planning (formulation, implementation, evaluation and control) were also found to have a positive relationship with financial performance. Conclusion: Suggestions for theory and practice are made based on these findings, including how the adoption and usage of strategic planning cannot only be an important organisational capability but also a basis for attaining a competitive advantage within the SMME.

scholarly journals EFFECT OF EMPLOYEE MOTIVATION ON ORGANIZATIONAL PERFORMANCE (CASE: MOGADISHU MUNICIPALITY)

2017 ◽  
Vol 2 (1) ◽  
pp. 01-12
Author(s):  
MOHAMED IBRAHIM HASSAN ◽  
EVELYN DATCHE OWUOR
Keyword(s):  
Organizational Performance ◽  
Quantitative Research ◽  
Positive Relationship ◽  
Numerical Data ◽  
Poor Performance ◽  
Target Population ◽  
Employee Motivation ◽  
Survey Study ◽  
Qualitative Approaches ◽  
Strong Positive Relationship

The purpose of this study was to determine the effect of employee on organizational performance. The specific objectives were: to establish the effect of motivational tools on organizational performance in Mogadishu Local Government/Banadir regionaladministration MLG/BRA. The study utilized both quantitative and qualitative approaches design based on descriptive in nature. It was used both approaches that it was based on variables with numbers and analyzed with statistical procedures using descriptive statistics (Creswell, 2003). Qualitative research was used because it reveals valuable attitudes and perspectives that can be hardly accessed and obtaining data expressed in non-numerical terms (Amin, 2005) while Quantitative research was used on numerical data, measurable variables. The study made use of a survey study research design using of administered questionnaires. The target population wasSomali employees especially those who work in government offices. The study targeted MLG/BRA staff with unit of enumeration consisting of 28 directors of departments (Managerial Level), 36 head of sections (Tactical Staff) and normal staff of 52 (Operational Staff), making a total target population of 168 respondents. The study sampled 22 directors of departments, 28 head of sections and 40 of normal staff 90 respondents. The data was analyzed using SPSS Version 20 The key finding was that there is a strong positive relationship between the Pay Schemes and organizational performance. There is a strong positive relationship between the reward system and organizational performance MLG/BRA. There is positive relationship between the job  security and organizational performance, in while there is less affect between  promotion and organizational performance that results poor performance inMLG/BRA.

scholarly journals The Implementation of Balanced Scorecard in Jordanian Islamic Banks

2020 ◽  
Vol 11 (5) ◽  
pp. 105
Author(s):  
Thaer Faisal Abdelrahim Qushtom
Keyword(s):  
Developing Countries ◽  
Strategic Planning ◽  
Financial Performance ◽  
Balanced Scorecard ◽  
Positive Relationship ◽  
Banking Sector ◽  
Islamic Banks ◽  
Planning Systems ◽  
Effective Role ◽  
New Form

Balanced Scorecard (BSC) has always played an effective role in improving entities' performance. Therefore, it was widely adopted in entities in developed and developing countries. As a relatively new form of banks in the banking sector, exploring the extent of implementation of the BSC perspectives in Islamic banks in developing countries, and its impact on their performance will shed the light on the weaknesses and strengths in the strategic planning systems in these banks. Accordingly, these banks could improve their strategic planning systems. To attain that, two integrated questionnaires were designed and distributed to 355 employees and clients in 3 Jordanian Islamic banks (JIBs). The results showed that the extent of implementation of the BSC perspectives in JIBs ranged between 55% - 93%. In addition, the results showed that there is a significance positive relationship between the BSC and the financial performance (ROA/ROE) of JIBs. Accordingly, the researcher recommended JIBs to increase their interest in implementing the BSC perspectives and to create an effective alignment between all perspectives of the BSC.

scholarly journals EFFECT OF INFORMATION SHARING FUNCTION ON FINANCIAL PERFORMANCE OF SAVINGS AND CREDIT CO-OPERATIVE SOCIETIES

2017 ◽  
Vol 1 (5) ◽  
pp. 49 ◽  
Author(s):  
Jackson Mnago Ndungo ◽  
Dr. Olweny Tobias ◽  
Dr. Memba Florence
Keyword(s):  
Financial Performance ◽  
Information Sharing ◽  
Financial Institutions ◽  
Positive Relationship ◽  
Secondary Data ◽  
Target Population ◽  
Primary Data ◽  
Top Managers ◽  
Sharing Function ◽  
Business Entities

Purpose: The objective of the study was to establish effect of credit information sharing on financial performance of SACCOs in Kenya. Studies have indicated that countries are establishing credit registries to reduce defaults, caused by information asymmetry, which have been a crisis for most financial institutions. Various financial institutions including SACCOs which have the business of lending are currently subjecting their customers in credit reference bureaus. Literature indicates that credit defaults have continued to pose financial crisis for financial institutions. Many studies done indicate that credit default is caused by lack or inadequate accurate credit information. In Kenya, through the Banking Act of 2009 saw the establishment of the first credit reference bureau in 2010 where individuals and business entities were to be subjected to CRBs. This study sought to establish the effect of information sharing on financial performance of SACCOs in Kenya. The study adopted a descriptive research design which was both quantitative and qualitative. The target population was 181 and a sample of 135 (74.5%) licensed deposit taking SACCOs as at 31st December 2014 was used. The choice of the licensed deposit taking SACCOs in Kenya was very objective since they offer employment opportunities for our youth. In most cases SACCOs deal with a larger group of clients from the informal sector as opposed to other financial institutions like banks and so it was possible to obtain information that is representative of Kenya. Secondary data was collected from published financial records and CRBs while primary data was collected through questionnaires which were administered to the top managers of the SACCOs. The study established that credit information sharing has a significant and positive relationship with financial performance of the sampled SACCOs. The study highlights effect of credit information sharing with possible recommendations for improvement on financial performance.Findings: The study concluded that there was a significant and positive relationship between information sharing function and financial performance thus the existence of credit reference bureaus was suitable for improving financial performance of SACCOs. Thus Credit reference bureaus have led to share of negative credit reports; Credit reference bureaus have led to improved defaults rate of borrowers, improved lenders response rate on credit lending and have reduced existence of privacy on borrowers’ credit history.Recommendation: Credit information sharing should be addressed through networking of all credit information amongst lenders so that lenders can have readily available credit information, both positive and negative, on the borrowers which would be shared across all lenders.

Effects of Financial Innovations on Profitability for Deposit Taking Microfinancing Institutions in Kenya

2018 ◽  
Vol 9 (6) ◽  
pp. 529-536
Author(s):  
Martin Khoya Odipo ◽  
Keyword(s):  
Financial Institutions ◽  
Positive Relationship ◽  
Financial Institution ◽  
Secondary Data ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Financial Innovations ◽  
Strong Positive Relationship

Recent studies have documented that innovations improve profitability of firms. This article documents that deposit taking micro financial institutions that have adopted financial innovations have increased their profitability. The study covered five years between 2009-2013. Both primary and secondary data were used in the study. Primary data was obtained through administration of drop and pick questionnaires to selected employees of the institutions. Secondary data was obtained from financial statements and management reports of these deposit taking microfinance institutions. Data was analyzed using descriptive statistics, return on asset and multi-liner regression model to determine the effect of each financial innovation applied on profitability on the micro-financial institution. The results showed that most deposit taking microfinance institutions adopted these financial innovations in their current operations. There was strong positive relationship between individual innovations and profitability. In line with profitability ROA also showed improvement each year after the adoption of these financial innovations.

INTERCONNECTION OF SUSTAINABLE DEVELOPMENT COMPONENTS FOR THE INDIGENOUS PEOPLES OF THE NORTH

2020 ◽  
Vol 2 (8) ◽  
pp. 101-110
Author(s):  
N. N. ILYSHEVA ◽  
◽  
E. V. KARANINA ◽  
G. P. LEDKOV ◽  
E. V. BALDESKU ◽  
...  
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Economic Development ◽  
Indigenous Peoples ◽  
Ecological Footprint ◽  
Positive Relationship ◽  
The North ◽  
Strong Positive Relationship ◽  
The Face ◽  
The Relationship

The article deals with the problem of achieving sustainable development. The purpose of this study is to reveal the relationship between the components of sustainable development, taking into account the involvement of indigenous peoples in nature conservation. Climate change makes achieving sustainable development more difficult. Indigenous peoples are the first to feel the effects of climate change and play an important role in the environmental monitoring of their places of residence. The natural environment is the basis of life for indigenous peoples, and biological resources are the main source of food security. In the future, the importance of bioresources will increase, which is why economic development cannot be considered independently. It is assumed that the components of resilience are interrelated and influence each other. To identify this relationship, a model for the correlation of sustainable development components was developed. The model is based on the methods of correlation analysis and allows to determine the tightness of the relationship between economic development and its ecological footprint in the face of climate change. The correlation model was tested on the statistical materials of state reports on the environmental situation in the Khanty-Mansiysk Autonomous Okrug – Yugra. The approbation revealed a strong positive relationship between two components of sustainable development of the region: economy and ecology.

scholarly journals R&D Investment, Financial and Environmental Performance Nexuses via Bootstrap Fourier Quantiles Granger Causality Test

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 85
Author(s):  
Feng-Li Lin
Keyword(s):  
Financial Performance ◽  
Granger Causality ◽  
Environmental Performance ◽  
Co2 Emission ◽  
Positive Relationship ◽  
Granger Causality Test ◽  
Causality Test ◽  
Emission Reductions ◽  
Policy Makers ◽  
D Investment

This study investigated the relationship between R&D investments and financial and environmental performance. The direction, size, and significance of various phases of these variables were generated using the bootstrap Fourier quantiles Granger causality test. In our results, a positive relationship between R&D investment and CO2 emission reductions was found at two tails of quantiles. Additionally, we observed a significantly positive relationship between financial performance and CO2 emission reductions at the 0.5 quantile and above. The correlation between R&D investment and financial performance was identified to be positive under the 0.3, 0.4, 0.5 and 0.9 quantiles and negative under the 0.5 and 0.6 quantiles. The changing linkages among R&D investment, environmental performance and financial performance found in this study provide important information for policy makers, aiding in the development of R&D strategies to upgrade financial and environmental performance simultaneously.

Are leaders with postgraduate degrees perceived to be more transformational? A quasi-experimental field study

2019 ◽  
Vol 40 (2) ◽  
pp. 259-273 ◽  
Author(s):  
Morris Mendelson ◽  
Jasmine Alam ◽  
Chris Cunningham ◽  
Adam Totton ◽  
Carrie Smith
Keyword(s):  
Transformational Leadership ◽  
Field Study ◽  
Positive Relationship ◽  
Master's Degree ◽  
Leadership Qualities ◽  
Content Type ◽  
Experimental Field ◽  
Strong Positive Relationship ◽  
Quasi Experimental ◽  
Master’S Degree

PurposeTransformational leadership has been shown to have a positive impact on a host of employee level and organizational performance indicators. However, little research has sought to understand some of the antecedents of this style of leadership. The purpose of this paper is to examine the link between having a post-secondary education and perceptions of transformational leadership.Design/methodology/approachData were collected from two surveys issued in a mid-sized energy company located on the eastern seaboard of North America. One-way ANOVA comparing employees’ perceptions of transformational leadership exhibited by their supervisors that either did or did not have a post-graduate degree demonstrated a strong, positive relationship between the attainment of a Master’s degree and perceived levels of transformational leadership qualities.FindingsThe findings of this quasi-experimental field study demonstrated a strong, positive relationship between the attainment of a Master’s degree and perceived levels of transformational leadership qualities.Originality/valueThis study is the first of its kind to demonstrate that more educated managers are generally perceived to be more transformational in their leadership style.

Is Strategic Planning Worth the Effort? A Study of Firm Performance Versus Planning Comprehensiveness in Australia

2000 ◽  
Vol 6 (1) ◽  
pp. 1-13 ◽  
Author(s):  
Peter Devenish ◽  
Tom Fisher
Keyword(s):  
Strategic Planning ◽  
Financial Performance ◽  
Statistical Tests ◽  
The United States ◽  
Negative Finding ◽  
Positive Correlation ◽  
Listed Firms ◽  
The United Kingdom ◽  
Weak Positive Correlation ◽  
Positive Correlations

AbstractThe planning-performance literature suggests that there is a weak positive correlation between strategic planning and financial performance. This study has been undertaken to determine whether this weak positive correlation is true for Australian firms.Strategic planning for the purposes of this study is arranged in three levels of planning complexity. A sample of 77 listed firms was surveyed to determine their level of planning complexity, and this was correlated with the firm's financial performance over a three year period.A range of statistical tests did not reveal any significant correlation between strategic planning at any of the three levels and the financial performance of the firm. This negative finding is generally in line with other recent studies conducted in Australia, the United States and the United Kingdom.However, positive correlations were found with several subjective performance measures, suggesting that respondents generally believe that strategic planning is helping their company.

Career Plateau and Turnover Intention in Chinese Employees: Career Anchor as Moderator

2015 ◽  
Vol 43 (5) ◽  
pp. 757-766 ◽  
Author(s):  
Yueran Wen ◽  
Liu Liu
Keyword(s):  
Turnover Intention ◽  
Positive Relationship ◽  
Management Practices ◽  
Career Anchor ◽  
Career Plateau ◽  
Strong Positive Relationship ◽  
High Level ◽  
The Relationship ◽  
Moderating Role

Based on a survey of 147 Chinese employees, we examined the relationship between perceived career plateau and turnover intention, and the moderating role of career anchor in challenge in this process. We hypothesized that perceived career plateau would be positively related to turnover intention, and that this relationship would be stronger in employees with a higher level of career anchor in challenge than in those with a lower level. The results showed that perceived career plateau had a strong positive relationship with turnover intention, especially in employees with a high level of career anchor in challenge. These findings have implications for research in career development and turnover intention, as well as in management practices.

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