The Influence of Entrepreneurial Leadership Practices on The Financial Performance of The Anglican Church of Kenya. A Case of The Diocese of Mount Kenya South
DOI:
https://doi.org/10.70619/vol5iss1pp26-41Keywords:
Faith-Based Organizations, Innovation, Risk Taking, Competitive aggressiveness, and Strategic InvestmentsAbstract
Global environmental instability has impacted organizations globally, especially religious institutions. The Anglican Church worldwide confronts concerns regarding economic sustainability. In Kenya, the Anglican Church Province, which consists of 41 dioceses, including the Diocese of Mount Kenya South, faces financial obstacles that impede its purpose. This study evaluated the impact of entrepreneurial leadership techniques on the financial performance of the Anglican Church of Kenya, Diocese of Mount Kenya South, concentrating on innovation, risk-taking, competitive aggressiveness, and strategic investments. A descriptive survey focused on 417 synod delegates, utilizing structured questionnaires for data collection, which was subsequently analyzed with SPSS version 26.0. Results demonstrated that innovation (β = 0.400, p = 0.010) exerted the most substantial positive influence, improving financial sustainability. Risk-taking (β = 0.350, p = 0.025) and competitive aggressiveness (β = 0.300, p = 0.030) significantly influenced financial growth. Strategic investments (β = 0.250, p = 0.100) demonstrated a positive albeit statistically insignificant effect, indicating potential long-term advantages. The robust links across entrepreneurial leadership approaches underscored the necessity for a comprehensive approach. The study determined that innovation, risk-taking, and competitive aggressiveness were essential for financial sustainability, whereas strategic investments necessitated long-term planning. Recommendations encompassed the implementation of contemporary financial management practices, strategic risk frameworks, and leadership development programs. Future research should investigate the long-term effects of investments, the use of digital financial instruments, and the impact of regulatory frameworks on church finances. This study offers a framework for faith-based organizations aiming to implement entrepreneurial ideas to enhance financial performance and ensure long-term sustainability.
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