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Papers by wafula Mang'eni
Journal of International Business, Innovation and Strategic Management, Oct 19, 2018
The study focused on the effect of financing decision on financial performance of listed companie... more The study focused on the effect of financing decision on financial performance of listed companies at Nairobi Securities Exchange. The specific objectives were capital structure, liquidity decision, dividend decision and investment decisions. The study targeted 66 listed firms at the NSE. Data spanning five years, 2012 to 2016 was collected. Multivariate regression approach was used for analysis. The study findings showed that capital structure has a positive but not significant effect on ROA but a positive and significant effect on ROE. Liquidity decision has a positive and significant effect on both ROE and ROA. It was also established that investment decision has a positive and significant effect on both ROA and ROE. However, dividend decision has a negative and not significant effect on both ROE and ROA. The study recommends that since debt to equity ratio can significantly affect returns on equity and assets significantly; there is a need for listed firms to balance their financing using debts and equity. There is a need to revise the financing policies to incorporate financing with less equity and more debts since it improves the returns. The study also recommends that since liquidity decision has a positive effect on financial performance of listed firms, there is a need for the listed firms to have a balance in their liquidity decisions by ensuring that they have enough current assets to offsets the current liabilities. This enables the day to day running of the business to be more easier and sustainable thus improving performance. The study also recommends that since investment decisions affect performance positively and significantly, there is a need for the listed firms to invest more in firm machinery, plants, equipment and property, so as to enhance the returns form these investments.
Strategic Journal of Business & Change Management, 2018
The objective of this study was to establish if there is a relationship between bank specific gui... more The objective of this study was to establish if there is a relationship between bank specific guidelines and financial performance of Commercial Banks in Kenya. Regulations are the independent variable while financial performance is the dependent variable. The study adopted a descriptive research design. Financial performance in this study was measured using two financial ratios; return on assets and return on equity. The population of study was 95 top management employees in the 19 branches of Kenya Commercial Banks in Nairobi County and the period of study was from 2013 to 2017. The study mainly used primary data. A pilot test was conducted in selected commercial banks in Kiambu County. The validity and reliability of instruments was ensured to enhance consistency. The data collected was coded, validated, and edited for accuracy, uniformity, consistency and completeness. The study then used Statistical Package for Social Science (SPSS 24) to analyze the quantitative data. A linear...
The presence of seasonality in stock returns violates the weak form of market efficiency because ... more The presence of seasonality in stock returns violates the weak form of market efficiency because equity prices are no longer random and can be predicted based on past pattern. This facilitates market participants to devise trading strategy which could fetch abnormal returns on the basis of past pattern. Fluctuations in the stock returns of firms listed at Nairobi Securities exchange motivated this study. In the Kenyan context, studies conducted on market anomalies in different markets have continued to yield different results in the majority of the investigated markets including the Nairobi Securities Exchange. This paper examines whether there is a significant variation in the average daily stock returns at the NSE and compares the findings to the previous empirical works on the topic. The paper tested for the presence of the Monday effect, differences in mean return across the five trading days, January effect, differences in the mean return across the five trading months and also provided the day-today and year-to-year behavior of stock return at the NSE. The study employed daily data from the year 2001 to 2015 to do analysis. The method of analysis was t tests and ANOVA. Policy recommendations are afterwards presented to aide the investors in making key investment decisions.
External debt is found to be a driver of economic growth if properly managed but its servicing ra... more External debt is found to be a driver of economic growth if properly managed but its servicing rather than repayment is an inhibiting factor to economic growth. This paper examined the relationship between external debt and economic growth in Kenya. The paper also examines the control effect of exchange rate for the period between 1963 and 2015. Through Vector Error Correction model, Variance decomposition and causality, the findings reveal that economic growth and disequilibrium exchange rate is negatively and significantly related to economic growth. However, there is absence of bidirectional causality between the variables. The negative effect of exchange rate on economic growth is a signal to the central bank and Policy makers that they need to stabilize the local currencies for instance by improving exports. A reduction in borrowing will enable the country to use a greater proportion of their tax revenues for investments rather than repaying loans, thereby increasing economic growth. Furthermore, real exchange depreciation raises the debt burden and negatively relates to GDP. There is thus the need to ensure that exchange is not over-devalued in order to balance the two effects.
The study focused on the effect of financing decision on financial performance of listed companie... more The study focused on the effect of financing decision on financial performance of listed companies at Nairobi Securities Exchange. The specific objectives were capital structure, liquidity decision, dividend decision and investment decisions. The study targeted 66 listed firms at the NSE. Data spanning five years, 2012 to 2016 was collected. Multivariate regression approach was used for analysis. The study findings showed that capital structure has a positive but not significant effect on ROA but a positive and significant effect on ROE. Liquidity decision has a positive and significant effect on both ROE and ROA. It was also established that investment decision has a positive and significant effect on both ROA and ROE. However, dividend decision has a negative and not significant effect on both ROE and ROA. The study recommends that since debt to equity ratio can significantly affect returns on equity and assets significantly; there is a need for listed firms to balance their financing using debts and equity. There is a need to revise the financing policies to incorporate financing with less equity and more debts since it improves the returns. The study also recommends that since liquidity decision has a positive effect on financial performance of listed firms, there is a need for the listed firms to have a balance in their liquidity decisions by ensuring that they have enough current assets to offsets the current liabilities. This enables the day to day running of the business to be more easier and sustainable thus improving performance. The study also recommends that since investment decisions affect performance positively and significantly, there is a need for the listed firms to invest more in firm machinery, plants, equipment and property, so as to enhance the returns form these investments.
The present paper studied the effect of mergers and acquisitions on financial performance of sele... more The present paper studied the effect of mergers and acquisitions on financial performance of selected non-financial firms listed at the Nairobi Securities Exchange in Kenya. This research utilized a descriptive study design in establishing the association between M & A and financial performance. The researcher based the analysis on listed non-financial organizations in Kenya that underwent the process of M & A within the period from 2000 to 2013. The researcher's target population comprised of 11 companies listed at the NSE that had undertaken M&A within the study period. A sample of 5 organizations were selected through the judgmental sampling method. This was founded on the size of the organization and accessibility of data for the pre-M & A and post-M&A period. The sampled companies included Nation Media Ltd, Total Kenya Ltd, Access Kenya, Crown Berger and East African Breweries. Data obtained for analysis was limited to 3 years pre and 3 years post mergers and acquisition from the financial statements of the companies. Independent sample t tests and regression analysis was used. The results established that efficiency, market power and capital base of merged companies improved after mergers and significantly improved financial performance of the companies. However, liquidity had no significant effect on the financial performance of the organizations. The study recommends that non-financial firms at the NSE should engage in M & A since they stand to profit due to an improvement in efficiency, market power and capital base derived from creation of economies of scale in relation to operational costs alongside improved operational revenues obtained from increased market share.
The general objective of this study was to investigate the effect of strategic positioning on the... more The general objective of this study was to investigate the effect of strategic positioning on the performance of Professional bodies in Nairobi County. The study focused on technological change, trademark equity, strategic alliances and product reengineering as strategic positioning practices. The analysis was descriptive in nature and the researcher used a case scrutiny method. The target population of this investigation was the Institute of Certified Public Accountants of Kenya, ICPAK. This means that the staff working at the Institute were the target population of the research investigation. Data was collected using a questionnaire and analyzed through regression and correlation analysis. The findings indicated that the four strategic positioning practices have a positive and significant effect on the performance of Professional bodies within Nairobi County. The investigation recommends Professional bodies to practice more of technological change, strategic alliances, product reengineering and trademark equity. This can be done by adoption of online services, ICT infrastructure and innovation; improving the corporate image, customer's loyalty and negotiating power of the organization ; enhancing partnership, synergy development and outsourcing ; launching new products, improving the existing products and change management
Before the introduction of micro prudential regulations, some banks experienced delinquency issue... more Before the introduction of micro prudential regulations, some banks experienced delinquency issues that really put to risk customers " funds and raised customer exploitation concerns. With the introduction of bank specific guidelines by the bank regulatory authorities, some banks faced liquidation risks because of adverse effects of stringent micro prudential regulations, thus making micro prudential regulations an intolerable monster in the banking industry. The objective of this study was to establish if there is a relationship between bank specific guidelines and financial performance of Commercial Banks in Kenya. The study adopted a descriptive research design. The population of study was 95 top management employees in the 19 branches of Kenya Commercial Banks in Nairobi County and the period of study was from 2010 to 2017. The study mainly used primary data. A linear regression model of financial performance versus regulations was then applied to examine the effect of banking regulations on financial performance of commercial banks in Kenya. The study findings indicated that there is a positive and significant effect of loan management policies (Beta = 0.478, Sig = 0.000), liquidity management (Beta = 0.243, Sig = 0.000), capital adequacy (Beta = 0.324, Sig = 0.000) and management quality (Beta = 0.461, Sig = 0.008) on financial performance of commercial banks in Kenya. However, asset quality does not have a significant effect on financial performance of commercial banks in Kenya (Beta = 0.101, Sig = 0.362). The study concluded that favorable bank specific regulations can positively improve the performance of commercial banks in Kenya. The study recommends commercial banks to come up with better policies to cope with the central bank of Kenya bank specific regulations in order to improve their performance.
The objective of this study was to establish the relationship between innovation and performance ... more The objective of this study was to establish the relationship between innovation and performance of SMEs in Nigeria. On average, the findings of the study revealed that majority of the respondents agreed with the statements on innovativeness as shown by a mean of 3.72. The responses given by the respondents were varied as shown by a standard deviation of 1.28. The study recommends the SMES in Nigeria should invest heavily in business innovation, research and development activities so as to enhance innovativeness. The study also recommends that the SMEs to view experimentation and introduction of new business products or services as a way to increasing value addition of their businesses. Moreover, the study recommends the SMEs to heavily invest in new business technology in order to improve production. There is also need for the SMEs to partner with research institutions in order to enhance their business innovation.
The objective of this study was to assess the relationship between creativity and performance of ... more The objective of this study was to assess the relationship between creativity and performance of SMEs in Nigeria. On average, the findings of the study showed that majority of the respondents agreed with the statements on creativity as shown by a mean of 4.13. The responses given by the respondents had little variation as indicated by a standard deviation of 0.80. The study recommends the SMEs in Nigeria to ensure to demonstrate sufficient willingness to support creativity in order to increase the volume of businesses. The study also recommends the SME businesses in Nigeria to frequently introduce new business products as well as new business production methods so as to gain from first mover advantages. There is also need for the SME businesses in Nigeria to allow the introduction of new business ideas from their employees. Moreover, the study recommends the SMEs in Nigeria to encourage and reward new business idea from their employees.
This study investigates the effect of competitive strategies on firm performance using a case stu... more This study investigates the effect of competitive strategies on firm performance using a case study of the National Oil Corporation of Kenya. The study sample size was 75 respondents. So questionnaires were administered to 75 respondents, where the response rate was 64, which translates to 85.53%. However, 14.67% did not respond to the study. The study analyzed the data collected to describe the study variables using descriptive statistics, which helped to establish the influence of the independent variables on the dependent variable. Data was analyzed using Excel and Statistical Package for Social sciences (SPSS). Further, it was presented using tables and pie charts. On the other hand inferential statistics were analyzed by use of multiple regression and coefficient of correlation analysis to determine the relationship among variables. The study carried out this analysis based on the objectives and discussed these with reference to the literature reviewed in chapter two. Some of the questions in the questionnaire were on a 5 point Likert Scale. The study carried out inferential analysis by first using a correlation analysis. The correlation was done using the Pearson's product moment correlation. The study found that the average performance of NOCK was to less extent and each of the indicators of performance; average monthly sales, average monthly total cost, average monthly net profit, profitability growth, employee satisfaction, and employee engagement was found to be less extent. The study made policy recommendation based on the findings and study objectives. The study recommended that liquefied petroleum gas should ensure that they increase the proficiency of the cost leadership through; offering low priced products, building customers' loyalty, prompt services/delivery of products; retention of popular staff, and employing high caliber staff. Meanwhile; offering price discount and engaging in promotional activities highly affected the firm performance of the NOCK, the liquefied petroleum gas should enhance their profitability growth strategy by seeking to achieve; an increase in the market share and financial gains, a secure dominance of growth in markets, and restructure a mature market by driving out competitors.
Drafts by wafula Mang'eni
JIBISM Journals, 2023
Planning competencies of heads of department is key factor that contributes to the achievement of... more Planning competencies of heads of department is key factor that contributes to the achievement of school goals and objectives. Heads of department are managers and planners of activities in their various departments. The purpose of this study was to assess the influence of planning competencies of heads of department on student's academic performance in Bumula Sub County Kenya. The study was based on two major theories of educational management that is Formal Model of Education Management and Collegial Model of Education Management. The researcher used a descriptive survey design targeting 50 public secondary schools in Bumula Sub County. Random sampling technique was used to select teachers and Yamane (1967) formula was used to calculate the sample size. A multiple regression analysis was used to quantify the influence of independent variables on the dependent variable. The study findings indicated that the heads of department planning competencies had a positive and significant influence on students' academic performance in Bumula subcounty.
Journal of International Business, Innovation and Strategic Management, Oct 19, 2018
The study focused on the effect of financing decision on financial performance of listed companie... more The study focused on the effect of financing decision on financial performance of listed companies at Nairobi Securities Exchange. The specific objectives were capital structure, liquidity decision, dividend decision and investment decisions. The study targeted 66 listed firms at the NSE. Data spanning five years, 2012 to 2016 was collected. Multivariate regression approach was used for analysis. The study findings showed that capital structure has a positive but not significant effect on ROA but a positive and significant effect on ROE. Liquidity decision has a positive and significant effect on both ROE and ROA. It was also established that investment decision has a positive and significant effect on both ROA and ROE. However, dividend decision has a negative and not significant effect on both ROE and ROA. The study recommends that since debt to equity ratio can significantly affect returns on equity and assets significantly; there is a need for listed firms to balance their financing using debts and equity. There is a need to revise the financing policies to incorporate financing with less equity and more debts since it improves the returns. The study also recommends that since liquidity decision has a positive effect on financial performance of listed firms, there is a need for the listed firms to have a balance in their liquidity decisions by ensuring that they have enough current assets to offsets the current liabilities. This enables the day to day running of the business to be more easier and sustainable thus improving performance. The study also recommends that since investment decisions affect performance positively and significantly, there is a need for the listed firms to invest more in firm machinery, plants, equipment and property, so as to enhance the returns form these investments.
Strategic Journal of Business & Change Management, 2018
The objective of this study was to establish if there is a relationship between bank specific gui... more The objective of this study was to establish if there is a relationship between bank specific guidelines and financial performance of Commercial Banks in Kenya. Regulations are the independent variable while financial performance is the dependent variable. The study adopted a descriptive research design. Financial performance in this study was measured using two financial ratios; return on assets and return on equity. The population of study was 95 top management employees in the 19 branches of Kenya Commercial Banks in Nairobi County and the period of study was from 2013 to 2017. The study mainly used primary data. A pilot test was conducted in selected commercial banks in Kiambu County. The validity and reliability of instruments was ensured to enhance consistency. The data collected was coded, validated, and edited for accuracy, uniformity, consistency and completeness. The study then used Statistical Package for Social Science (SPSS 24) to analyze the quantitative data. A linear...
The presence of seasonality in stock returns violates the weak form of market efficiency because ... more The presence of seasonality in stock returns violates the weak form of market efficiency because equity prices are no longer random and can be predicted based on past pattern. This facilitates market participants to devise trading strategy which could fetch abnormal returns on the basis of past pattern. Fluctuations in the stock returns of firms listed at Nairobi Securities exchange motivated this study. In the Kenyan context, studies conducted on market anomalies in different markets have continued to yield different results in the majority of the investigated markets including the Nairobi Securities Exchange. This paper examines whether there is a significant variation in the average daily stock returns at the NSE and compares the findings to the previous empirical works on the topic. The paper tested for the presence of the Monday effect, differences in mean return across the five trading days, January effect, differences in the mean return across the five trading months and also provided the day-today and year-to-year behavior of stock return at the NSE. The study employed daily data from the year 2001 to 2015 to do analysis. The method of analysis was t tests and ANOVA. Policy recommendations are afterwards presented to aide the investors in making key investment decisions.
External debt is found to be a driver of economic growth if properly managed but its servicing ra... more External debt is found to be a driver of economic growth if properly managed but its servicing rather than repayment is an inhibiting factor to economic growth. This paper examined the relationship between external debt and economic growth in Kenya. The paper also examines the control effect of exchange rate for the period between 1963 and 2015. Through Vector Error Correction model, Variance decomposition and causality, the findings reveal that economic growth and disequilibrium exchange rate is negatively and significantly related to economic growth. However, there is absence of bidirectional causality between the variables. The negative effect of exchange rate on economic growth is a signal to the central bank and Policy makers that they need to stabilize the local currencies for instance by improving exports. A reduction in borrowing will enable the country to use a greater proportion of their tax revenues for investments rather than repaying loans, thereby increasing economic growth. Furthermore, real exchange depreciation raises the debt burden and negatively relates to GDP. There is thus the need to ensure that exchange is not over-devalued in order to balance the two effects.
The study focused on the effect of financing decision on financial performance of listed companie... more The study focused on the effect of financing decision on financial performance of listed companies at Nairobi Securities Exchange. The specific objectives were capital structure, liquidity decision, dividend decision and investment decisions. The study targeted 66 listed firms at the NSE. Data spanning five years, 2012 to 2016 was collected. Multivariate regression approach was used for analysis. The study findings showed that capital structure has a positive but not significant effect on ROA but a positive and significant effect on ROE. Liquidity decision has a positive and significant effect on both ROE and ROA. It was also established that investment decision has a positive and significant effect on both ROA and ROE. However, dividend decision has a negative and not significant effect on both ROE and ROA. The study recommends that since debt to equity ratio can significantly affect returns on equity and assets significantly; there is a need for listed firms to balance their financing using debts and equity. There is a need to revise the financing policies to incorporate financing with less equity and more debts since it improves the returns. The study also recommends that since liquidity decision has a positive effect on financial performance of listed firms, there is a need for the listed firms to have a balance in their liquidity decisions by ensuring that they have enough current assets to offsets the current liabilities. This enables the day to day running of the business to be more easier and sustainable thus improving performance. The study also recommends that since investment decisions affect performance positively and significantly, there is a need for the listed firms to invest more in firm machinery, plants, equipment and property, so as to enhance the returns form these investments.
The present paper studied the effect of mergers and acquisitions on financial performance of sele... more The present paper studied the effect of mergers and acquisitions on financial performance of selected non-financial firms listed at the Nairobi Securities Exchange in Kenya. This research utilized a descriptive study design in establishing the association between M & A and financial performance. The researcher based the analysis on listed non-financial organizations in Kenya that underwent the process of M & A within the period from 2000 to 2013. The researcher's target population comprised of 11 companies listed at the NSE that had undertaken M&A within the study period. A sample of 5 organizations were selected through the judgmental sampling method. This was founded on the size of the organization and accessibility of data for the pre-M & A and post-M&A period. The sampled companies included Nation Media Ltd, Total Kenya Ltd, Access Kenya, Crown Berger and East African Breweries. Data obtained for analysis was limited to 3 years pre and 3 years post mergers and acquisition from the financial statements of the companies. Independent sample t tests and regression analysis was used. The results established that efficiency, market power and capital base of merged companies improved after mergers and significantly improved financial performance of the companies. However, liquidity had no significant effect on the financial performance of the organizations. The study recommends that non-financial firms at the NSE should engage in M & A since they stand to profit due to an improvement in efficiency, market power and capital base derived from creation of economies of scale in relation to operational costs alongside improved operational revenues obtained from increased market share.
The general objective of this study was to investigate the effect of strategic positioning on the... more The general objective of this study was to investigate the effect of strategic positioning on the performance of Professional bodies in Nairobi County. The study focused on technological change, trademark equity, strategic alliances and product reengineering as strategic positioning practices. The analysis was descriptive in nature and the researcher used a case scrutiny method. The target population of this investigation was the Institute of Certified Public Accountants of Kenya, ICPAK. This means that the staff working at the Institute were the target population of the research investigation. Data was collected using a questionnaire and analyzed through regression and correlation analysis. The findings indicated that the four strategic positioning practices have a positive and significant effect on the performance of Professional bodies within Nairobi County. The investigation recommends Professional bodies to practice more of technological change, strategic alliances, product reengineering and trademark equity. This can be done by adoption of online services, ICT infrastructure and innovation; improving the corporate image, customer's loyalty and negotiating power of the organization ; enhancing partnership, synergy development and outsourcing ; launching new products, improving the existing products and change management
Before the introduction of micro prudential regulations, some banks experienced delinquency issue... more Before the introduction of micro prudential regulations, some banks experienced delinquency issues that really put to risk customers " funds and raised customer exploitation concerns. With the introduction of bank specific guidelines by the bank regulatory authorities, some banks faced liquidation risks because of adverse effects of stringent micro prudential regulations, thus making micro prudential regulations an intolerable monster in the banking industry. The objective of this study was to establish if there is a relationship between bank specific guidelines and financial performance of Commercial Banks in Kenya. The study adopted a descriptive research design. The population of study was 95 top management employees in the 19 branches of Kenya Commercial Banks in Nairobi County and the period of study was from 2010 to 2017. The study mainly used primary data. A linear regression model of financial performance versus regulations was then applied to examine the effect of banking regulations on financial performance of commercial banks in Kenya. The study findings indicated that there is a positive and significant effect of loan management policies (Beta = 0.478, Sig = 0.000), liquidity management (Beta = 0.243, Sig = 0.000), capital adequacy (Beta = 0.324, Sig = 0.000) and management quality (Beta = 0.461, Sig = 0.008) on financial performance of commercial banks in Kenya. However, asset quality does not have a significant effect on financial performance of commercial banks in Kenya (Beta = 0.101, Sig = 0.362). The study concluded that favorable bank specific regulations can positively improve the performance of commercial banks in Kenya. The study recommends commercial banks to come up with better policies to cope with the central bank of Kenya bank specific regulations in order to improve their performance.
The objective of this study was to establish the relationship between innovation and performance ... more The objective of this study was to establish the relationship between innovation and performance of SMEs in Nigeria. On average, the findings of the study revealed that majority of the respondents agreed with the statements on innovativeness as shown by a mean of 3.72. The responses given by the respondents were varied as shown by a standard deviation of 1.28. The study recommends the SMES in Nigeria should invest heavily in business innovation, research and development activities so as to enhance innovativeness. The study also recommends that the SMEs to view experimentation and introduction of new business products or services as a way to increasing value addition of their businesses. Moreover, the study recommends the SMEs to heavily invest in new business technology in order to improve production. There is also need for the SMEs to partner with research institutions in order to enhance their business innovation.
The objective of this study was to assess the relationship between creativity and performance of ... more The objective of this study was to assess the relationship between creativity and performance of SMEs in Nigeria. On average, the findings of the study showed that majority of the respondents agreed with the statements on creativity as shown by a mean of 4.13. The responses given by the respondents had little variation as indicated by a standard deviation of 0.80. The study recommends the SMEs in Nigeria to ensure to demonstrate sufficient willingness to support creativity in order to increase the volume of businesses. The study also recommends the SME businesses in Nigeria to frequently introduce new business products as well as new business production methods so as to gain from first mover advantages. There is also need for the SME businesses in Nigeria to allow the introduction of new business ideas from their employees. Moreover, the study recommends the SMEs in Nigeria to encourage and reward new business idea from their employees.
This study investigates the effect of competitive strategies on firm performance using a case stu... more This study investigates the effect of competitive strategies on firm performance using a case study of the National Oil Corporation of Kenya. The study sample size was 75 respondents. So questionnaires were administered to 75 respondents, where the response rate was 64, which translates to 85.53%. However, 14.67% did not respond to the study. The study analyzed the data collected to describe the study variables using descriptive statistics, which helped to establish the influence of the independent variables on the dependent variable. Data was analyzed using Excel and Statistical Package for Social sciences (SPSS). Further, it was presented using tables and pie charts. On the other hand inferential statistics were analyzed by use of multiple regression and coefficient of correlation analysis to determine the relationship among variables. The study carried out this analysis based on the objectives and discussed these with reference to the literature reviewed in chapter two. Some of the questions in the questionnaire were on a 5 point Likert Scale. The study carried out inferential analysis by first using a correlation analysis. The correlation was done using the Pearson's product moment correlation. The study found that the average performance of NOCK was to less extent and each of the indicators of performance; average monthly sales, average monthly total cost, average monthly net profit, profitability growth, employee satisfaction, and employee engagement was found to be less extent. The study made policy recommendation based on the findings and study objectives. The study recommended that liquefied petroleum gas should ensure that they increase the proficiency of the cost leadership through; offering low priced products, building customers' loyalty, prompt services/delivery of products; retention of popular staff, and employing high caliber staff. Meanwhile; offering price discount and engaging in promotional activities highly affected the firm performance of the NOCK, the liquefied petroleum gas should enhance their profitability growth strategy by seeking to achieve; an increase in the market share and financial gains, a secure dominance of growth in markets, and restructure a mature market by driving out competitors.
JIBISM Journals, 2023
Planning competencies of heads of department is key factor that contributes to the achievement of... more Planning competencies of heads of department is key factor that contributes to the achievement of school goals and objectives. Heads of department are managers and planners of activities in their various departments. The purpose of this study was to assess the influence of planning competencies of heads of department on student's academic performance in Bumula Sub County Kenya. The study was based on two major theories of educational management that is Formal Model of Education Management and Collegial Model of Education Management. The researcher used a descriptive survey design targeting 50 public secondary schools in Bumula Sub County. Random sampling technique was used to select teachers and Yamane (1967) formula was used to calculate the sample size. A multiple regression analysis was used to quantify the influence of independent variables on the dependent variable. The study findings indicated that the heads of department planning competencies had a positive and significant influence on students' academic performance in Bumula subcounty.