Research Article
Empirical Study on Strategic Management Practices and Financial Performance of SACCOs in a Local Government Context-Uganda
Issue:
Volume 13, Issue 2, June 2025
Pages:
58-69
Received:
24 February 2025
Accepted:
10 March 2025
Published:
26 March 2025
DOI:
10.11648/j.sjbm.20251302.11
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Abstract: Despite the pronounced roles strategy formulation, implementation and monitoring and evaluation have on financial performance of organizations, SACCOs in Fort Portal Tourism City (FPTC) are still battling with choices between long-term and short term strategies. Again even when SACCOs have been proved to contribute significantly to financial inclusion and financial empowerment of the rural masses, SACCOs in Uganda still face several unhealthy financial performance challenges indicated by low levels of return on assets, liquidity, and high portfolio at risk levels. This study was conducted to examine the relationship between Strategic Management Practices and Financial Performance of SACCOs in FPTC. A cross-sectional research design which was quantitative in nature was adopted to investigate the phenomena under consideration. Using a multi-stage sampling 100 respondents were chosen from different employee categories i.e Tellers, Loans Officers, Marketing Officers, Human Resource Managers, Credit Managers and Directors where data was collected using Self-administered questionnaires. Apparently from the respondent profiles males were the majority, with age ranging between 25 and 35, with work experience between 4-6 years having first degrees. Both descriptive and inferential analysis techniques were used to analyze data. The study findings reveal that strategic management practices have a positive and statistically significant relationship with financial performance of the SACCOs in FPTC. By implication SACCOs are advised to; 1) envision strategy formulation as resilience-building process which they should always use as basis for preparing for the future, having to use constituents of their environment as a basis for choice of action/strategy, 2) put measures in place to ensure that initially identified and agreed upon plans and strategies are operational, ensuring that daily activities and tasks have the potential to draw the organization closer to fulfillment of set goals and objectives, 3) understand that setting a strategy is as important as putting in place mechanisms to ensure that a given strategy is achieving what it was intended to achieve. This means that they should institute sufficient control mechanisms as part of their strategy evaluation process, leveraging the power of feedback. Managers should always aim at having in place managerial monitoring tools that enable concurrent assessment of chosen strategies and development of related corrective actions that benefit from assessment of market opportunities, threats and internal strengths and weaknesses.
Abstract: Despite the pronounced roles strategy formulation, implementation and monitoring and evaluation have on financial performance of organizations, SACCOs in Fort Portal Tourism City (FPTC) are still battling with choices between long-term and short term strategies. Again even when SACCOs have been proved to contribute significantly to financial inclus...
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Research Article
Change Management and Technological Innovation Among Small and Medium Enterprises in Enugu State
Issue:
Volume 13, Issue 2, June 2025
Pages:
70-80
Received:
26 February 2025
Accepted:
13 March 2025
Published:
31 March 2025
DOI:
10.11648/j.sjbm.20251302.12
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Abstract: The study examined the influence of change management on the adoption of new digital technologies among small and medium enterprises in Enugu state. The two objectives of the study were to; assess the influence of managerial flexibility on the adoption rate of digital technologies among small and medium enterprises in Enugu state; and examine the influence of employee training on the usage of digital technologies among small and medium enterprises in Enugu state. The study adopted a descriptive survey research design. Purposive sampling technique was used in the selection of 10 SMEs incorporated in the study, while convenience sampling technique was used in selecting respondents for the study. The sampling size comprises of 85 SME managers and 210 employees. Structured questionnaire was the instrument used for data collection, while Z-test is the statistical technique used in data analysis. Findings revealed that; managerial flexibility influences the adoption rate of digital technologies among small and medium enterprises in Enugu State, Z (95, n = 85), 3.511 < 5.617=p. < 0.05]; and that employee training influences the usage of digital technologies among small and medium enterprises in Enugu state, Z (95,n = 201), 4.127 < 5.601=p. < 0.05]. The study then recommended managerial flexibility should be encouraged among SMEs and the implementation of continuous employee training programs among SMEs in Enugu state.
Abstract: The study examined the influence of change management on the adoption of new digital technologies among small and medium enterprises in Enugu state. The two objectives of the study were to; assess the influence of managerial flexibility on the adoption rate of digital technologies among small and medium enterprises in Enugu state; and examine the i...
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,
Pereez Nimusima
