dc.contributor.author | Opondo, Dickens A | |
dc.date.accessioned | 2013-05-15T07:28:40Z | |
dc.date.available | 2013-05-15T07:28:40Z | |
dc.date.issued | 2009 | |
dc.identifier.citation | A Management Research Project Report Submitted in Partial Fulfillment for the Requirements of the Degree of Masters of Business Administration (MBA), School Of Business, University Of Nairobi | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/22903 | |
dc.description.abstract | The dynamism of the environment implies that organizations have to constantly
redesign their strategies in order to remain competitive. Failure to effectively adapt
the organization to its environment leads to a mismatch between what the
organization offer and what the market demands (Ansoft and Mc Donell, 1990).
Environment scanning enables managers to identify potential developments that
could have an important impact on industry conditions leading to emergence of
opportunities and threats.
This study had two objectives which are, first, to determine theresponses of Saccos
operating in Kenya to cope with the changing business environment and second, to
determine the challenges facing the Saccos in Kenya in responding to environmental
changes.
To do this a survey was conducted on 60 Saccos using structured questionnaire with
a few open ended questions. The response rate was 80%.
The results of this study revealed that challenges poised by competitive environment
were felt by the Saccos surveyed to a very high extent. It was also clear from the
study that majority of the Saccos surveyed concentrated on operational issues at the
expense of strategic ones. Not much effort has been expended on exploring new
products by the Saccos surveyed.
The issues have very serious ramifications for the future developments and growth
of the Sacco sub sector. Since the Sacco sub sector has been identified by he
government of Kenya as a formidable l!lstitutional framework for resource
mobilization and capital accumulation these issues must be addressed urgently.
This study concludes that Sacco societies should constantly scan the environment to
help them in coming up with flexible strategies for future developments. An open
approach system should b-e-adopted to encourage creativity and innovation so that '
VIII
new products can be introduced to take care of the changing needs of members.
Sacco societies should adopt a favorable dividend policy that encourages building of
capital for investments purposes from internal operations instead of over relying on
the external credit facilities for the same.
The study was restricted to Nairobi area due to resource and time constraint and the
sample considered for the study was general. These factors are likely to be different
in other provinces in Kenya and hence the conclusions might not necessarily be
applicable to rural Saccos.
There is an acute need for further research to focus on other areas and be sector
specific in order to corne up with recommendations on responses of Saccos in
public, parastatal and informal sectors. Sophisticated statistical and econometric
tools be utilized to find out the minute details that might have escaped in this study
due to the simple nature of the statistical method adopted for analysis. | en |
dc.language.iso | en | en |
dc.title | Responses of SACCOS based in Namobi to changes in the external environment | en |
dc.type | Thesis | en |
local.publisher | Business Administration | en |