scholarly journals ASSESSMENT OF FINANCIAL MANAGEMENT CHALLENGES FACING THE MICRO AND SMALL ENTERPRISES (MSES) IN KENYA: A CASE OF MERCHANDIZING MSES LOCATED IN NAIROBI RIVERROAD AREA

2017 ◽  
Vol 2 (1) ◽  
pp. 1-22
Author(s):  
Amos M. Tayari ◽  
Ms. Esther Nkatha
Keyword(s):  
Inventory Management ◽  
Financial Management ◽  
Trade Credit ◽  
Population Data ◽  
Management Training ◽  
Target Population ◽  
Small Enterprises ◽  
Sampling Frame ◽  
Set Up ◽  
Descriptive Survey

Purpose:  This study was an assessment of the financial management challenges facing MSEs in Kenya in the case of merchandizing MSEs located along River Road.Methodology: A descriptive survey research design was adopted. The target population was all the 210 MSEs located along river Road in Nairobi.  The study used systematic random sampling. All the MSEs were numbered and included in the sampling frame.  One MSE out of every five MSE was picked at random thus resulting to a sample size of 42 which was 20% of the population. Data was collected using a questionnaire, analyzed by use of descriptive statistics and findings presented using charts and graphs.Results: Findings in this study indicated that the financial management challenges facing MSEs were in the area of trade credit management, inventory management, debtors’ management and cash management. It was concluded that indeed MSEs were facing a serious challenge in financial management.Unique contribution to theory, practice and policy: It was recommended in this study that business incubation projects should be set up to impart financial knowledge to MSE owners. It was suggested that a correlation or a regression analysis should be carried out as an area of further study in order to ascertain the influence of financial management training and MSE success/growth. Such a study would inform the formulation of government policy aimed at promoting the growth of the MSE sector

scholarly journals Determining the extent of ICT implementation and use in financial management of Secondary Schools in Kajiado County, Kenya

2019 ◽  
Vol 1 (1) ◽  
pp. 18-27
Author(s):  
Katitia Melita David ◽  
Edward Tanui ◽  
Florence Oruta
Keyword(s):  
Secondary Schools ◽  
Sample Size ◽  
Financial Management ◽  
Survey Design ◽  
Measurement Instrument ◽  
Target Population ◽  
Internal Reliability ◽  
Ict Implementation ◽  
Descriptive Survey ◽  
Directors Of Education

The objective of the study was to determine the extent of ICT implementation and use in financial management of Secondary Schools in Kajiado County, Kenya. Descriptive survey design was adopted for this study. The target population for this study was the 61 public secondary schools’ principals, 1220 teachers, 610 students, 25 ICT teachers, 6 Sub-county Directors of Education in the 6 Sub-counties and 1 County Director of Education in Kajiado County. The study used 30% of the accessible population as sample size. The sample size for this study was 18 principals, 366 teachers, 8 ICT teachers,183 students, 2 Sub- county Directors of Education and 1 County Director of Education. This study used questionnaires, Observation schedules and interview schedule as tools for data collection. The questionnaires were administered to Principals, teachers and ICT coordinators while interview schedules were administered to the students, Sub-county Directors of Education and the County Director of Education. The pilot test was carried at the schools with similar characteristics to those sampled through random sampling. Instrument reliability was determined through test- retest method. Cronbach alpha was used to test the internal reliability of the measurement instrument. The study concluded that most of the public secondary schools in Kajiado County had not embraced ICT in various areas of administration. Based on the findings, the study recommends that proper technology should be put in place by purchasing of the required ICT facilities in schools to enhance management of schools using the current technology.

DETERMINANTS OF COFFEE PRODUCTION IN THE KENYAN ECONOMY

2018 ◽  
Vol 1 (1) ◽  
pp. 37-57
Author(s):  
EDWARD KIO MUGWERU ◽  
DR.SULE ODHIAMBO ◽  
DR. S. NYANDEMO
Keyword(s):  
Interest Rates ◽  
Negative Relationship ◽  
Target Population ◽  
Coffee Production ◽  
Low Interest Rates ◽  
Coffee Farmers ◽  
The Government ◽  
Set Up ◽  
Coffee Farming ◽  
Descriptive Survey

Purpose: To establish determinants of coffee production in the Kenyan economy  Methodology: The study adopted descriptive survey research. The target population consisted ofResults: Results from the first model indicate that there exists a negative relationship between coffee output with credit advanced to farmers. Findings also did show there also exists a positive relationship between coffee output with coffee price, hectarage planted and price of input (fertilizer). Results further indicate that there is a significant negative relationship between the depreciation of the exchange rate and the coffee output.Unique contribution to theory, practice and policy: The study recommended that the Kenya government may put in place measures and policies aimed at improving coffee production in Kenya, ie, financial institutions may be encouraged to lend loans to coffee farmers at no low interest rates. The study recommended that the government should introduce subsides aimed at reducing cost of inputs hence encouraging farmers to increase areas under coffee production as well as providing incentives to the farmers to encourage them engage in coffee farming. The sturdy also recommended that government may also set up factories or encourage investors, both local and foreign to set up factories that will process coffee to the final product within the country.

scholarly journals Determinants of Financial Management Practice: The Case of Micro and Small Enterprises in East Gojjam Zone, Ethiopia

2020 ◽  
Author(s):  
Gedefaw Asres ◽  
Beza Muche Teka
Keyword(s):  
Financial Management ◽  
Management Practice ◽  
Multiple Linear Regression Model ◽  
Management Training ◽  
Small Enterprise ◽  
Primary Data ◽  
Systematic Sampling ◽  
Small Enterprises ◽  
The Status ◽  
Micro And Small Enterprises

Abstract PurposeFinancial management is defined as the overall arrangement for planning, directing, monitoring, organizing, and controlling of the economic resources of an organization, with a view to efficient accomplishment of the enterprise objectives. It is well recognized that financial management practice has a key reason for the success of those enterprises and it is the main issue for any business type. However, the status of effective financial management practice in developing countries especially in Ethiopia is at its infant stage. Thus, the main objective of the study is to investigate the determinants of financial management practice of micro and small enterprises in East Gojjam Zone. MethodThe type of research applied in this study is explanatory/causal/ in nature. Questionnaires were used to collect primary data. The combination of purposive stratified and systematic sampling techniques were applied to select respondents. A multiple linear regression model was used to test the casual relationship between the study variables.FindingsThe findings indicated that financial management knowledge, financial management attitude, size of enterprise, locus of control, and use of information technology have positive and significant effect on financial management practice. However, gender, owner’s age, and enterprise age have no statistically significant effect on financial management practice of micro and small enterprises.SuggestionThe study suggested that financial management experts should provide financial management training for micro and small enterprise owners/managers.

scholarly journals Evaluation Of Collection Management And Student’s Use Of Arabic Materials In Selected Nigerian Academic Libraries

2019 ◽  
Vol 4 (1) ◽  
pp. 15-26
Author(s):  
Saliu A Usman ◽  
Oladimeji Abdullahi Olukade ◽  
George Osas Eromosele ◽  
Wankasi Jamiu Abdulraheem,
Keyword(s):  
Academic Libraries ◽  
Information Needs ◽  
Educational Development ◽  
Population Data ◽  
Target Population ◽  
Considerable Extent ◽  
Collection Management ◽  
Tertiary Institutions ◽  
Descriptive Survey ◽  
Library User

The paper examines the evaluation of collection management and student’s use of Arabic materials in the four selected Academic Libraries in Nigeria. A descriptive survey research was used to carry out the investigation. The population was randomly sampled and covered all the matriculated student of the selected institutions that were registered as a library user. The questionnaires were thereafter sent to each of the institutions surveyed to facilitate prompt, high and accurate response from target population. Data were analyzed using frequency and percentages. Findings of the study showed that all the tertiary institutions libraries under study found Arabic materials readily available. Another finding in this study showed that students use the library for seeking their information needs. It has been revealed that facilities are organized for easy use. The finding showed that acquisition and collection polices were evaluated mainly to cater for students information needs. In addition, Arabic students were significantly satisfied with the library collection policy. There is a significant relationship between the libraries Arabic based services/facilities and students educational development. The study concludes that Arabic based services/ facilities can, to a considerable extent, satisfy the information needs of users. The study will benefit researchers, Arabic studies teachers, students and Islamic organization, nation-wide and internationally.

scholarly journals INFLUENCE OF EMPLOYEE REWARD ON INNOVATION PERFORMANCE OF DTS IN KENYA

2017 ◽  
Vol 2 (4) ◽  
pp. 15
Author(s):  
Grace Wanjiru Njine ◽  
Dr. Joyce Nzulwa ◽  
Dr. Mary Kamaara ◽  
Dr. Kepha Ombui
Keyword(s):  
Survey Design ◽  
Secondary Data ◽  
Target Population ◽  
Profit Sharing ◽  
Innovation Performance ◽  
Primary Data ◽  
Unique Contribution ◽  
Sampling Frame ◽  
Multistage Sampling ◽  
Descriptive Survey

Purpose: The purpose of the study was to examine the influence of employee reward on Innovation Performance of DTS in Kenya.Methodology: This study adopted a descriptive survey design. The sampling frame of this study was derived from the database of the SASRA. Multistage sampling was used to select the sample of the study. The population of the study was the 181 DTS’s operating in Kenya while the target population was 18 DTS’s.  The respondents were individual management staff. A questionnaire was used to gather primary data. Secondary data was collected through review of published literature such as journals articles, published theses and textbooks. Information was sorted, coded and input into the statistical package for social sciences (SPSS) version 21.0 for production of graphs, tables, descriptive statistics and inferential statistics.Results: The study found out that employee reward and innovation performance are positively and significant related (r=0.113, p=0.001).Unique Contribution to Theory, Practice and Policy: It was recommended that both financial rewards (e.g. bonuses, pay, profit sharing) and Non-financial rewards (health insurance, holidays) be included in the employee reward human resource practice. This will lead to employee’s motivation to engage in creative activities and therefore high innovation performance will be registered.

INFLUENCE OF STAFFING PRACTICE ON INNOVATION PERFORMANCE OF DTS IN KENYA

2017 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Dr. Grace Wanjiru Njine ◽  
Dr. Joyce Nzulwa ◽  
Dr. Mary Kamaara ◽  
Dr. Kepha Ombui
Keyword(s):  
Survey Design ◽  
Secondary Data ◽  
Target Population ◽  
Innovation Performance ◽  
Primary Data ◽  
Unique Contribution ◽  
Sampling Frame ◽  
To Come ◽  
Multistage Sampling ◽  
Descriptive Survey

Purpose: The purpose of the study was to examine the influence of staffing practice on Innovation Performance of DTS in Kenya.Methodology: This study adopted a descriptive survey design. The sampling frame of this study was derived from the database of the SASRA. Multistage sampling was used to select the sample of the study. The population of the study was the 181 DTS’s operating in Kenya while the target population was 18 DTS’s.  The respondents were individual management staff. A questionnaire was used to gather primary data. Secondary data was collected through review of published literature such as journals articles, published theses and textbooks. Information was sorted, coded and input into the statistical package for social sciences (SPSS) version 21.0 for production of graphs, tables, descriptive statistics and inferential statistics.Results: The study found out that staffing practices and innovation performance was positively and significantly related (r=0.402, p=0.000).Unique Contribution to Theory, Practice and Policy: The study recommended for DTSs to come up with the process of identifying relevant qualities that are required of existing and potential applicants that will enable an appropriate match to occur between person and job. This should include such practices as those organizational practices that relate to the attraction, selection, training, assessment, and rewarding of employees.

scholarly journals EFFECTS OF EDUCATION ON THE PERFORMANCE OF SMALL ENTERPRISES IN KENYA: A CASE STUDY OF GIKOMBA MARKET, NAIROBI.

2017 ◽  
Vol 2 (3) ◽  
pp. 1
Author(s):  
Michael Olotch
Keyword(s):  
Data Analysis ◽  
Interest Rates ◽  
Business Performance ◽  
Secondary Data ◽  
Management Training ◽  
Target Population ◽  
Small Enterprise ◽  
Primary Data ◽  
Small Enterprises ◽  
Market Capitalisation

Purpose: The key objective of this research was to establish the relationship, if any, between education/training and the performance of small enterprises in Gikomba market.Methodology:This study adopted descriptive and regression analysis design and the target population for this study are the owners/managers of small business enterprises in Gikomba market, Nairobi. A sample of 68 respondents will be selected. Probability sampling was used whereby stratified random sampling will be grouped into two or more relevant strata. This study used both primary and secondary data collected using questionnaires and secondary data collection data guide. Primary data was collected for all variables for a period of 3 years (2010 to 2012). Data analysis was used using both descriptive and inferential statistical methods. Descriptive statistics will include; frequencies, mean and standard deviation. Data analysis output was presented using graphs and tables. Inferential statistics will include regression and ANOVA tests.Results:The results indicate that Education greatly influences the financial and non-financial factors in the SMEs sector. However the level of education is not the key factor to SME’s existence and success. If the business management training education is well implemented, all the small enterprise traders at Gikomba open air market should be in position to breakeven and also to manage their business performance as expected.Policy recommendation: The study recommends that policy makers should adopt the findings of this study. According to the results, exchange rates, public debt and interest rates were the significant determinant of market capitalisation of listed companies in Kenya during the study period. Macroeconomic variables should be factored when formulating policies on market capitalisation. This study recommended that, since the Kenyan stock market is not really exposed to the negative effects of currency volatility, government can use exchange rate as a policy tool to attract foreign portfolio investment.

scholarly journals INVENTORY CONTROLS AND FINANCIAL PERFORMANCE OF GARISSA COUNTY GOVERNMENT, KENYA

2017 ◽  
Vol 2 (6) ◽  
pp. 34
Author(s):  
Mohamed Hussein Nur ◽  
Dr Jeremiah Koori
Keyword(s):  
Financial Performance ◽  
Inventory Management ◽  
Management Training ◽  
Target Population ◽  
Primary Data ◽  
County Government ◽  
Financial Sustainability ◽  
Unique Contribution ◽  
County Governments ◽  
Treasury Department

Purpose: The purpose of the study was to examine inventory controls and financial performance of Garissa county government, Kenya. Methodology: The study adopted a descriptive research design. The target population of the study was all the 250 employees in the Garissa county treasury department. The sample size was 70 employees in the Garissa county treasury department who was selected using stratified random sampling. Primary data was collected through the administration of the questionnaires. Results: The study found that that inventory recording have a positive and a significant effect on financial sustainability. The study also found that stock taking has a positive and a significant effect on financial sustainability. Also the study found that E-procurement had a positive and a significant effect on financial sustainability. Lastly, the study found that inventory management training has a positive and a significant effect on financial sustainability. Unique contribution to theory, practice and policy: The study recommends that the county governments adopting e-procurement ought to scale down on traditional procurement activities if the benefits of e-procurement are to be realized. Additionally, it is recommended that county governments should focus more on streamlining e-tendering, e-requisitioning and e-sourcing because a strong and significant relationship exists between those e-procurement processes and procurement performance in supermarkets.

scholarly journals MANAGEMENT TRAINING INVENTORIES IN SMEE FOOD SECTOR (STUDY ON UMKM FOOD SECTOR IN TANGERANG CITY)

ICCD ◽  
2018 ◽  
Vol 1 (1) ◽  
pp. 461-466
Author(s):  
Indah Rahayu Lestari ◽  
Haryatih Haryatih ◽  
Hestyaningsih Hestyaningsih
Keyword(s):  
Community Service ◽  
Inventory Management ◽  
Financial Management ◽  
Management Training ◽  
Raw Material ◽  
Cost Calculation ◽  
Problem Analysis ◽  
Food Sector ◽  
Financial Reports ◽  
Record Keeping

Based on survey and problem analysis faced by SMEs Food Field in Tangerang City in cooperation with Tangerang City Health Office, is problem of supply. MSME owners often experience excess stock in the warehouse for a particular product, or otherwise the lack of availability of goods that cause disruption of the production process. The causes of the deficiency or excess inventory include: 1) The amount of raw materials ordered only based on previous historical data and owners of MSMEs do not forecast sales and production, so it is not clear about the production plan and raw material needs plan that can be used as reference bookings materials, 2) the absence of safety stocks for each material used, causing the owners of MSMEs to lack or surplus inventory; 3) the absence of a clear inventory management system, in the absence of evidence of record keeping, valuation or inventory monitoring. So based on the analysis, the Dedication Team provides solutions in the form of knowledge management improvement for MSME owners in Tangerang City. Where in Community Service Training is held in the form of how to perform calculations, ranging from purchases, production to sales. Also provided training on product storage and efficient cost calculation in carrying out production. Community Service Activities on the training of inventory management and continued by training in making inventory cards using Microsoft Excel. Furthermore, will be provided assistance to SMEs for other fields such as making simple financial reports for MSMEs, computerized financial reports, as well as financial management and strategic management.

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