International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)最新文献

{"title":"Vendor Management Practices and the Performance of Energy State Corporations in Kenya","authors":"Dennis Munene Mutegi, Anthony Muriithi Karani","doi":"10.61108/ijsshr.v2i1.72","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.72","url":null,"abstract":"Today, globalization and evolving business practices put organizations under immense pressure to constantly upgrade the product or process, quality, delivery index, performance, responsiveness, and reduce costs. Procurement management is a core activity with implications for an organization's operations, and it is an activity that cuts across all the departments in an organization. The study's main objective was to analyze the influence of vendor management practices on the performance of energy state corporations in Kenya. The specific objectives of the study were to establish the influence of Sourcing on the performance of the energy state corporations in Kenya, to assess the influence of contract management on the performance of the energy state corporations in Kenya, to determine the influence of vendor risk management on the performance of the energy state corporations in Kenya and to assess the influence of supplier performance appraisal on the performance of the energy state corporations in Kenya. Transaction Cost Theory, Agency Theory, Contingency Theory, and Theory of Constraints guided the study. A descriptive research design and a census data collection technique were used with a target population of Kenya's ten energy state corporations. Each firm's heads of procurement, project management, corporate planning, quality assurance, Innovation IT, finance, and operations management were the focus units of perception. Primary data was collected using structured questionnaires distributed to the respondents through the drop-and-pick method. A pilot test was conducted to determine the validity and reliability of the data collection instrument. Data collected from the pilot study was expunged when analyzing the study data. Collected data was checked for completeness, coded, and analyzed with the help of Statistical Package for Social Sciences (SPSS) Version 24 using descriptive statistics, including frequencies, percentages, mean and standard deviation, and inferential statistics, which include regression and correlation analysis. The analyzed data was further presented in tables and figures. The response rate of the study was 82.54%. The study findings revealed that there exists a relationship between vendor management practices and the performance of energy state corporations with a positive correlation coefficient between sourcing (r=0.176), contract management (r=0.086), vendor risk management (r=0.187), and supplier risk management (r=0.447) performance of energy state corporations. The multiple regression analysis further supported the results as a positive and significant relationship existed between vendor management practices and the performance of energy state corporations. The study, therefore, concluded that Sourcing, contract management, vendor risk management, and supplier performance appraisal positively influenced the performance of state energy corporations in Kenya. The study further recommended adopting vendor management pr","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"180 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139838851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Warehousing Operations and Supply Chain Performance in Kenyan Food & Beverage Manufacturing Firms: The Moderating Role of Warehousing Policy Framework.","authors":"Kellen Karimi Njiru, G. Namusonge, M. Thogori","doi":"10.61108/ijsshr.v2i1.74","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.74","url":null,"abstract":"Warehousing policy framework as a business enabler has led to the growth of proficient warehouses as it facilitates firms to collaborate and compete. It provides a criterion for the specific needs of the food and beverages sector to synchronize materials, plan and manage capacities. While practitioners are recommending improvement in warehousing policy framework to enhance performance, there is no standard topology for these for various industries. Thus, presenting a gap to explore the warehousing requirements, procedures and documentations that are necessary for a dynamic food and beverages sector. Therefore, the major purpose of this study was to examine the moderating role of warehousing policy framework in the relationship between warehousing operations and supply chain performance of food and beverages processing firms in Kenya. The study adopted a mixed research design with both qualitative and quantitative approaches. The target population of the study was the 134 food and beverages manufacturing firms in Nairobi County. A sampling frame of this study included a list of the 134 manufacturing companies in Nairobi County that are members of the Kenya Association of Manufacturers. The study utilized simple random sampling. A sample size of 100 was selected with the aid of Yamane 1967 formula. Both primary and secondary data was collected using a questionnaire. The questionnaire was tested pilot at 10 food and beverages manufacturing companies in Kiambu county. These pilot study questionnaires were filled out by warehouse managers. The statistical package for social sciences (SPSS) version 25 was used to analyze the data. Using content analysis, the qualitative data was analyzed. Quantitative data was analyzed using statistical methods involving descriptive and inferential data. A multiple linear regression model was applied to analyze the relationship between the variables. Analysis was also performed on the correlation. In this study, the findings were presented using tables and graphs. Data presentation made use of percentages, frequencies, means and other means of central tendencies. The study revealed that majority of the food and beverages manufacturing firms in Kenya prioritized space optimization, maintaining adequate aisle space, and executing warehouse maintenance under regulatory restrictions. However, many these did not automate or mechanize warehouse workflow, suggesting the need for automation and mechanization technology to improve production and efficiency.","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"43 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139777585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Internal Equity Annual Changes and Security Returns of Companies Listed in The Nairobi Securities Exchange.","authors":"D. Rosana, Willy Muturi, O. Oluoch","doi":"10.61108/ijsshr.v2i1.76","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.76","url":null,"abstract":"This study examined the effect of annual changes in internal equity on ordinary equity security returns in Kenyan public limited firms. Internal equity is the portion of a company's equity generated through retained earnings and the issuance of new shares to existing shareholders. The study was guided by the research philosophy of positivism, given that it relied on quantitative data and espoused the scientific approach to research.  It adopted a causal or explanatory research design to check how the annual changes in public firms' internal equity impacted a firm's stock market value. A census study of 67 public companies was employed, of which 49 met data requirements. The study used secondary data from the company's financial statements for eleven years, from January 2012 to December 2022. The data collected was analyzed using descriptive and inferential statistics. The hypothesis that annual changes in internal debts had no significant effect on security returns was tested at a 95% confidence interval using the t-statistic and p-value. The study adopted panel data to carry out the research analysis. Panel regression analysis using the random effects model was undertaken after appropriate normality, model specification, homoscedasticity, linearity and autocorrelation diagnostic tests. Findings reveal significant variability in internal equity changes across sectors. Correlation analysis establishes a positive and significant association between internal equity changes and security returns. Panel regression analysis further confirms a strong and positive relationship, indicating that an increase in internal equity corresponds to higher returns on equity securities. The results emphasize the importance of internal equity in signalling a company's financial health and stability, impacting investor confidence and potentially leading to higher equity security returns. Investors are urged to conduct sector-specific analyses, considering variability in financial structures. The study contributes valuable insights to understanding internal equity's role in influencing financial well-being and security returns in the Kenyan business landscape. \u0000 ","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"57 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139778208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Investing Cash Flow Volatility and Firm Stock Market Value of the Companies Quoted at the Nairobi Securities Exchange","authors":"Stephen Maina Kuria, O. Oluoch, Florence Memba","doi":"10.61108/ijsshr.v2i1.73","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.73","url":null,"abstract":"There are a multiple number of determinants of investor perceptions about firm value which in turn influence demand for and supply of firm securities and therefore market prices and the corresponding firm market value as indicated by firm market capitalization. Extant literature reveals that it is not clear whether or not the volatility in the investing cash flows of a firm is priced information risk factor for companies listed at the Nairobi Securities Exchange (NSE). This lack of literature consensus arises from the conflicting theoretical and empirical evidence on the influence of such volatility on firm market capitalization. This study sought to establish if the annual fluctuations in cash flows from investing activities affects the market values of companies listed at the NSE. Market value was measured using the firm market capitalization ratio while the investing cash flow volatility was based on the 3-year rolling standard deviations of the investing cash flow ratios. The relevant theories that try to explain the interlinkage between investing cash flow volatility information with firm stock market valuations are the functional fixation theory; the random walk theory; the efficient market hypothesis and the MM value relevance theory. The research was undertaken as a census quantitative descriptive study based on all the 66 listed companies at the NSE. From these, 45 met the secondary data requirements resulting in 450 firm year observations for the 2011 to 2022 study period. Diagnostic tests for normality, heteroscedasticity, autocorrelation and model specification tests were undertaken. Hausman specification test provided a preference for the fixed effects model that was then used in the panel regression analysis. P-value and t-test were used in hypothesis testing at 95% confidence interval. The results of the study revealed that the volatility of the cash flows from investing activities had a negative influence on firm market valuation for the firms quoted at the Nairobi Securities Exchange. The findings support the MM value relevance theory; the Efficient Market Hypothesis and the Random Walk Theory but fail to support the Functional Fixation Theory. Since the study finds that the volatility in the cash flows from investing activities to be a priced information risk factor at the NSE, it recommends that more disclosures on information about cash flows in general and cash flows from investing activities in particular should be reported in the financial statements of listed companies in Kenya to aid investors in their investment decision making.","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"484 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139839210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Vendor Management Practices and the Performance of Energy State Corporations in Kenya","authors":"Dennis Munene Mutegi, Anthony Muriithi Karani","doi":"10.61108/ijsshr.v2i1.72","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.72","url":null,"abstract":"Today, globalization and evolving business practices put organizations under immense pressure to constantly upgrade the product or process, quality, delivery index, performance, responsiveness, and reduce costs. Procurement management is a core activity with implications for an organization's operations, and it is an activity that cuts across all the departments in an organization. The study's main objective was to analyze the influence of vendor management practices on the performance of energy state corporations in Kenya. The specific objectives of the study were to establish the influence of Sourcing on the performance of the energy state corporations in Kenya, to assess the influence of contract management on the performance of the energy state corporations in Kenya, to determine the influence of vendor risk management on the performance of the energy state corporations in Kenya and to assess the influence of supplier performance appraisal on the performance of the energy state corporations in Kenya. Transaction Cost Theory, Agency Theory, Contingency Theory, and Theory of Constraints guided the study. A descriptive research design and a census data collection technique were used with a target population of Kenya's ten energy state corporations. Each firm's heads of procurement, project management, corporate planning, quality assurance, Innovation IT, finance, and operations management were the focus units of perception. Primary data was collected using structured questionnaires distributed to the respondents through the drop-and-pick method. A pilot test was conducted to determine the validity and reliability of the data collection instrument. Data collected from the pilot study was expunged when analyzing the study data. Collected data was checked for completeness, coded, and analyzed with the help of Statistical Package for Social Sciences (SPSS) Version 24 using descriptive statistics, including frequencies, percentages, mean and standard deviation, and inferential statistics, which include regression and correlation analysis. The analyzed data was further presented in tables and figures. The response rate of the study was 82.54%. The study findings revealed that there exists a relationship between vendor management practices and the performance of energy state corporations with a positive correlation coefficient between sourcing (r=0.176), contract management (r=0.086), vendor risk management (r=0.187), and supplier risk management (r=0.447) performance of energy state corporations. The multiple regression analysis further supported the results as a positive and significant relationship existed between vendor management practices and the performance of energy state corporations. The study, therefore, concluded that Sourcing, contract management, vendor risk management, and supplier performance appraisal positively influenced the performance of state energy corporations in Kenya. The study further recommended adopting vendor management pr","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"56 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139778791","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Influence of Inventory Management Strategy on the Performance of Retail Chains in Nairobi Central Business District.","authors":"Martin Wachira Wamuyu, Boniface Ratemo, Lydia K. Mwai","doi":"10.61108/ijsshr.v2i1.75","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.75","url":null,"abstract":"Operations strategy is the value-adding process used by the company to guarantee that customers receive value through the conversion of resources into finished goods and services. Operations management procedures include quality control, supply chain management, inventory management, risk management, and information technology. The main objective of this study was to establish the influence of inventory management strategy on the performance of retail chains in the Nairobi Central Business District. The study was anchored on the systems theory. The study adopted a descriptive research design and the target population was 34 retail chains within the Nairobi CBD area. The sample population involved 80 managers who were in charge of the retail chains in Nairobi CBD. Self-administered structured questionnaires were used to collect primary data. Data was analyzed using descriptive and inferential statistics. The study found that inventory management strategy has a positive significant influence on the performance of retail chains in the Nairobi Central Business District. This is because an increase in a unit of inventory management strategy leads to an improvement of the performance of the retail chains. The study recommended that retail chains should implement inventory management practices that aim to reduce deadstock and minimize inventory holding costs. The study also recommended that organizations should utilize inventory forecasting techniques to accurately predict demand and adjust inventory levels accordingly. The study further recommended that retail chains should explore vendor-managed inventory (VMI) arrangements with key suppliers to maintain optimal stock levels. The study recommended that retail chains should regularly assess and update inventory turnover strategies to meet customer demand effectively.","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"62 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139778826","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Internal Equity Annual Changes and Security Returns of Companies Listed in The Nairobi Securities Exchange.","authors":"D. Rosana, Willy Muturi, O. Oluoch","doi":"10.61108/ijsshr.v2i1.76","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.76","url":null,"abstract":"This study examined the effect of annual changes in internal equity on ordinary equity security returns in Kenyan public limited firms. Internal equity is the portion of a company's equity generated through retained earnings and the issuance of new shares to existing shareholders. The study was guided by the research philosophy of positivism, given that it relied on quantitative data and espoused the scientific approach to research.  It adopted a causal or explanatory research design to check how the annual changes in public firms' internal equity impacted a firm's stock market value. A census study of 67 public companies was employed, of which 49 met data requirements. The study used secondary data from the company's financial statements for eleven years, from January 2012 to December 2022. The data collected was analyzed using descriptive and inferential statistics. The hypothesis that annual changes in internal debts had no significant effect on security returns was tested at a 95% confidence interval using the t-statistic and p-value. The study adopted panel data to carry out the research analysis. Panel regression analysis using the random effects model was undertaken after appropriate normality, model specification, homoscedasticity, linearity and autocorrelation diagnostic tests. Findings reveal significant variability in internal equity changes across sectors. Correlation analysis establishes a positive and significant association between internal equity changes and security returns. Panel regression analysis further confirms a strong and positive relationship, indicating that an increase in internal equity corresponds to higher returns on equity securities. The results emphasize the importance of internal equity in signalling a company's financial health and stability, impacting investor confidence and potentially leading to higher equity security returns. Investors are urged to conduct sector-specific analyses, considering variability in financial structures. The study contributes valuable insights to understanding internal equity's role in influencing financial well-being and security returns in the Kenyan business landscape. \u0000 ","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"52 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139837859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Influence of Inventory Management Strategy on the Performance of Retail Chains in Nairobi Central Business District.","authors":"Martin Wachira Wamuyu, Boniface Ratemo, Lydia K. Mwai","doi":"10.61108/ijsshr.v2i1.75","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.75","url":null,"abstract":"Operations strategy is the value-adding process used by the company to guarantee that customers receive value through the conversion of resources into finished goods and services. Operations management procedures include quality control, supply chain management, inventory management, risk management, and information technology. The main objective of this study was to establish the influence of inventory management strategy on the performance of retail chains in the Nairobi Central Business District. The study was anchored on the systems theory. The study adopted a descriptive research design and the target population was 34 retail chains within the Nairobi CBD area. The sample population involved 80 managers who were in charge of the retail chains in Nairobi CBD. Self-administered structured questionnaires were used to collect primary data. Data was analyzed using descriptive and inferential statistics. The study found that inventory management strategy has a positive significant influence on the performance of retail chains in the Nairobi Central Business District. This is because an increase in a unit of inventory management strategy leads to an improvement of the performance of the retail chains. The study recommended that retail chains should implement inventory management practices that aim to reduce deadstock and minimize inventory holding costs. The study also recommended that organizations should utilize inventory forecasting techniques to accurately predict demand and adjust inventory levels accordingly. The study further recommended that retail chains should explore vendor-managed inventory (VMI) arrangements with key suppliers to maintain optimal stock levels. The study recommended that retail chains should regularly assess and update inventory turnover strategies to meet customer demand effectively.","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"35 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139838481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Generic Competitive Strategies on the Performance of National Social Security Fund in Nairobi County, Kenya","authors":"Jessy Odhiambo Bunde, S. K. Lewa","doi":"10.61108/ijsshr.v2i1.71","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.71","url":null,"abstract":"The National Social Security Fund (NSSF) was established in 1965 by an Act of Parliament under cap 258 Laws of Kenya and serves as the first pillar of social security for Kenyan workers. The Kenyan social security sector has recently been growing at a high rate due to the inclusion of new players in social security services, which was previously solely managed by NSSF. Organizations have realized the importance of a strategic plan for shaping the vision and mission, selecting strategies to be executed and allocating resources to facilitate achieving corporate goals. A strategic plan is instrumental in ensuring that strategic goals are aligned with organizational activities with its environment, thereby providing for its continued survival, effectiveness, and improved performance. This study established the influence of strategic planning practices on the performance of the National Social Security Fund in Kenya. Every organization incorporates different strategies to gain a competitive advantage and sustain profitability. Firm performance is a major building block in strategic management. This study was aimed at evaluating the effect of generic competitive strategies on the performance of NSSF in Kenya. The study used secondary data from published financial statements of NSSF with a target population of 60 employees drawn from the 7 divisions and departments – top, middle & low-level management. The quantitative method was utilized in the analysis and interpretation of data in accordance with the research objectives and research questions. The data collected was summarized, tabulated, and analyzed quantitatively, then presented using tables, pie charts and percentages. According to the findings of the study, cost leadership strategy, differentiation strategy, focus strategy, Innovation Strategy have significant positive influence on the performance of NSSF. All the p-values were 0.05, denoting that the relationship therefore were significant. the study findings show that the four generic strategies have a positive relationship with the organizational performance. Product differentiation strategy and innovation strategy were established to be the key measures or drivers of financial performance. This was based on the strength of association, which was established by the study. Cost leadership strategy and differentiation strategy were also found to be other measures though they should not be used in isolation. The study recommended that National Social Security Fund should embrace and invest in cost leadership strategies most especially forming linkages with service providers, suppliers and other supplementary institutions since it will enable them achieve competitive advantage as compared to other organizations that are not investing in these strategies and that universities should first understand and know their motive and capability before adopting a certain competitive strategy for example market focus.","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"32 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139841011","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Generic Competitive Strategies on the Performance of National Social Security Fund in Nairobi County, Kenya","authors":"Jessy Odhiambo Bunde, S. K. Lewa","doi":"10.61108/ijsshr.v2i1.71","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.71","url":null,"abstract":"The National Social Security Fund (NSSF) was established in 1965 by an Act of Parliament under cap 258 Laws of Kenya and serves as the first pillar of social security for Kenyan workers. The Kenyan social security sector has recently been growing at a high rate due to the inclusion of new players in social security services, which was previously solely managed by NSSF. Organizations have realized the importance of a strategic plan for shaping the vision and mission, selecting strategies to be executed and allocating resources to facilitate achieving corporate goals. A strategic plan is instrumental in ensuring that strategic goals are aligned with organizational activities with its environment, thereby providing for its continued survival, effectiveness, and improved performance. This study established the influence of strategic planning practices on the performance of the National Social Security Fund in Kenya. Every organization incorporates different strategies to gain a competitive advantage and sustain profitability. Firm performance is a major building block in strategic management. This study was aimed at evaluating the effect of generic competitive strategies on the performance of NSSF in Kenya. The study used secondary data from published financial statements of NSSF with a target population of 60 employees drawn from the 7 divisions and departments – top, middle & low-level management. The quantitative method was utilized in the analysis and interpretation of data in accordance with the research objectives and research questions. The data collected was summarized, tabulated, and analyzed quantitatively, then presented using tables, pie charts and percentages. According to the findings of the study, cost leadership strategy, differentiation strategy, focus strategy, Innovation Strategy have significant positive influence on the performance of NSSF. All the p-values were 0.05, denoting that the relationship therefore were significant. the study findings show that the four generic strategies have a positive relationship with the organizational performance. Product differentiation strategy and innovation strategy were established to be the key measures or drivers of financial performance. This was based on the strength of association, which was established by the study. Cost leadership strategy and differentiation strategy were also found to be other measures though they should not be used in isolation. The study recommended that National Social Security Fund should embrace and invest in cost leadership strategies most especially forming linkages with service providers, suppliers and other supplementary institutions since it will enable them achieve competitive advantage as compared to other organizations that are not investing in these strategies and that universities should first understand and know their motive and capability before adopting a certain competitive strategy for example market focus.","PeriodicalId":506641,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"102 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139781358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}