The influence of industrial waste management on an company's financial performance: a case study of General Motors East Africa Limited
Musyoka, Michael C
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This study sought to investigate the influence of waste management on a company's financial performance, a case study of General Motors East Africa Limited. Among the Variables under review included waste management initiatives (reduction, reuse and recycling); waste minimization initiatives (standardization); use of technology (office automation, Sage and Auto master); and need to meet regulatory requirement (Environmental compliance); against financial performance of an organization. An in-depth study of General Motors East Africa Limited was conducted. The target population was General Motors East Africa Limited since it was a case study of the organization. Purposive sampling technique was used to draw a representative proportion of the sample from the targeted employees of General Motors East Africa. The study utilized questionnaires, structured focus group interview and review of company documents for data collection. Data was analyzed through the use of descriptive statistics such as frequency tables, percentages, charts and content analysis of the company documents. The study confirmed that waste management influences financial performance of an organization. Waste management initiatives like 3R's - reduce, reuse and recycle took a leading position in the importance level scale, followed by use of engineering standardization in the processes, use of technology like internet, intranet and office automation and, need to meet regulatory requirements (clean and safe working environment). The study further recommended that other industries and organizations should consider and embrace waste management as an important tool in promotion of their financial performance. Industries and other organizations can get extra revenues from their waste instead of looking at it as an extra burden that increases their operating costs. Finally, the researcher suggested that further research may be conducted on other variables like treatment and recycling of industrial effluents and disposal of industrial hazardous waste which the research came across as he conducted the study. The researcher further suggested that respondents should be drawn from different organizations so as to get a wide view of the study.