Effect of Management Competence on Financial Sustainability of Community Conservancies in Northern Kenya
DOI:
https://doi.org/10.70619/vol2iss1pp19-27Keywords:
Management competence, Financial sustainability, Community conservanciesAbstract
The survival and expansion of organizations all over the world depend on their capacity to maintain their financial viability. Community conservancies in Kenya struggle to survive and grow financially. This paper sought to assess the effect of management competence on the financial sustainability of community conservancies in Northern Kenya. The study was anchored on the agency theory. It adopted the explanatory research design and a cross-sectional approach. Primary data was collected using a semi-structured questionnaire. Data was analyzed using descriptive and inferential statistics. The findings indicated that management competence had a positive and significant effect on the financial sustainability of community conservancies in Kenya. The study concluded that management competence positively contributes to enhanced financial sustainability. The study recommended that community conservancies management should strengthen aspects related to management competence. There should be a proper delegation of duties aimed at empowering employees. Managers should demonstrate the right attitude, skills, and knowledge.
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Copyright (c) 2022 Evans Riat Lekaldero, James Ndegwa , Clemence Omanwa
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