Challenges of Implemention of Foreign Exchange Risk Management Strategies on Performance of Donor Funded Projects at Aga Khan Foundation, East Africa
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Date
2016Author
Orang’o, Cynthia K
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Every business large or small must have a strategy that outlines the neatly devised plan of
realizing the business vision and achieving the organizational goals. The lack of a robust
strategy means the organization does not have a clear roadmap that guides it to success.
The purpose of this study is to identify the challenges facing Aga Khan Foundation, East
Africa in the implementation of foreign exchange risk management strategies and their
impact on performance of donor funded projects within the organization. The research
adopted a case study design. Data was collected through interviews with key managers and
officers within the organization as respondents to the study. The data collected was
analysed using the content analysis technique. The study identified the most frequent
challenges facing the organization in implementation of foreign exchange risk management
strategy to include; the lack of a clear written strategy, the lack of internal capacity to
support the implementation of the strategy, the highly volatile nature of economic market
the organization operates in, failure by management to understand the concept of foreign
exchange risk management among others. As a result of these challenges, the organization
has experienced income variability for some projects which has threatened the quality of
project deliverables. The study also proposed measures that could be taken overcome the
challenges identified above to include; the development of a clear strategy, the engagement
of expert services to provide capacity support in foreign exchange risk management
strategy formulation, implementation and monitoring among others. In conclusion, there
are several challenges that can harm the successful implementation of a good strategy.
However, using right methods, frameworks and timing may reduce or minimize these
challenges.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
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