Tag Archives: Manufacturing Firms

Role of Technological Integration in Supply Chain Corroboration on Performance of Manufacturing Firms in Kenya (Published)

The main purpose of the paper was to assess role of technological integration on performance of manufacturing firms. The target population of the study were managers or equivalent from Six (6) departments that is Procurement, finance, legal, stores, human resource and quality control because they are directly concerned with supply chain. The study adopted the use of a questionnaire and a document analysis as the main research instrument. The study adopted both quantitative and qualitative approaches, implying that both descriptive statistics and inferential statistics were employed. Quantitative data collected from the document analysis was analyzed statistically using the Statistical Package for Social Scientist (SPSS version 22). The study tested the significance hypothesis at 95% confidence level using regression techniques. The findings on the effect of technology integration revealed that technological integration has a positive and significant effect on firm performance, 0.731, p < 0.05. Thus, technology integration as concept of supply chain collocation is key determinants of performance of manufacturing firms.   Firms are thus encouraged to invest in enhancing coordination efforts through utilization of cost-effective technologies. In addition, the investments should also be used to address the integration of technology.

Keywords: Manufacturing Firms, Performance, Supply chain collaboration, Technological Integration

Role of Technological Integration in Supply Chain Corroboration on Performance of Manufacturing Firms in Kenya (Published)

The main purpose of the paper was to assess role of technological integration on performance of manufacturing firms. The target population of the study were managers or equivalent from Six (6) departments that is Procurement, finance, legal, stores, human resource and quality control because they are directly concerned with supply chain. The study adopted the use of a questionnaire and a document analysis as the main research instrument. The study adopted both quantitative and qualitative approaches, implying that both descriptive statistics and inferential statistics were employed. Quantitative data collected from the document analysis was analyzed statistically using the Statistical Package for Social Scientist (SPSS version 22). The study tested the significance hypothesis at 95% confidence level using regression techniques. The findings on the effect of technology integration revealed that technological integration has a positive and significant effect on firm performance, 0.731, p < 0.05. Thus, technology integration as concept of supply chain collocation is key determinants of performance of manufacturing firms.   Firms are thus encouraged to invest in enhancing coordination efforts through utilization of cost-effective technologies. In addition, the investments should also be used to address the integration of technology.

Keywords: Manufacturing Firms, Performance, Supply chain collaboration, Technological Integration

Role of Technological Integration in Supply Chain Corroboration on Performance of Manufacturing Firms in Kenya (Published)

The main purpose of the paper was to assess role of technological integration on performance of manufacturing firms. The target population of the study were managers or equivalent from Six (6) departments that is Procurement, finance, legal, stores, human resource and quality control because they are directly concerned with supply chain. The study adopted the use of a questionnaire and a document analysis as the main research instrument. The study adopted both quantitative and qualitative approaches, implying that both descriptive statistics and inferential statistics were employed. Quantitative data collected from the document analysis was analyzed statistically using the Statistical Package for Social Scientist (SPSS version 22). The study tested the significance hypothesis at 95% confidence level using regression techniques. The findings on the effect of technology integration revealed that technological integration has a positive and significant effect on firm performance, 0.731, p < 0.05. Thus, technology integration as concept of supply chain collocation is key determinants of performance of manufacturing firms.   Firms are thus encouraged to invest in enhancing coordination efforts through utilization of cost-effective technologies. In addition, the investments should also be used to address the integration of technology.

Keywords: Manufacturing Firms, Performance, Supply chain collaboration, Technological Integration

Sense-Making, Entrepreneurial Orientation and Their Influence on Firm Performance in Kenya (Published)

Manufacturing firms constitute an integral part of the economic rubric of developing countries. In Kenya, they contribute 14% of gross domestic product, and train and employ 30% of the workforce. However, they exhibit low organization capacity, and struggle to survive as competitive enterprises. The purpose of this study was to establish how entrepreneurial orientation (EO) influences the relationship between sense-making and firm performance in Kenya. Anchored on the resource-based view and strategic entrepreneurship concept, the study used a self-administered questionnaire to survey owners/managers of 83 small and medium enterprise (SME) food-manufacturing firms registered by the Kenya Association of Manufacturers. Data were analyzed using structural equation modeling, employing Statistical Software for Social Sciences (SPSS) Version 20 and SmartPLS 3. The study found that EO fully mediates the relationship between sense-making and firm performance. This study concludes that EO is a critical strategy that firms should exploit to maximize their performance. The study recommends that, manufacturing SMEs should encourage employee entrepreneurial behaviours, and the government should support policies that promote entrepreneurial business management capabilities in manufacturing firms.

Keywords: Manufacturing Firms, Uncertainty, market diversity, new products portfolio, sense-making, technology variety

Empirical Study on the Impact of Corporate Governance Practices on Performance: Evidence from SMES in an Emerging Economy (Published)

The study examined the impact of corporate governance practices on the performance of SMEs in Ghana. Both descriptive and correlational research design were employed for the study. Convenience sampling technique was used to select one hundred (100) SMEs from two regions in Ghana. The study utilised the annual reports of the SMEs from 2012 to 2016 financial years. Net profit margin (NPM) and return on assets (ROA) were used as proxies for performance and Ordinary Least Square (OLS) regression model was used to estimate the level of impact of corporate governance on the performance of SMEs in Ghana. The study found empirical evidence to support the view that the board size (BS) has a negative impact on NPM, though insignificant. In addition, the evidence obtained indicate that board gender (BG) and management ownership (MO), all have positive impact on NPM. The evidence also showed that role difference for CEO and board chairman (DR) has a negative and positive impact on both ROA and ROE. Similarly, the results showed that board size (BS) has an insignificant negative impact on ROA. Additionally, it was ascertained that board gender (BG) and management ownership (MO) have positive impact on ROA, though the level of impact of board gender (BG) and management ownership (MO) are statistically insignificant. The results further provide evidence that the control variables: firm age (Fage) and industry of the firms (FInd) have a significant positive impact on both NPM and ROA. Generally, the evidence obtained show that corporate governance has positive but insignificant impact on performance of SMEs.

Keywords: Corporate Governance, Ghana Stock Exchange, Manufacturing Firms, Return on Assets, Return on Equity

Cash – Cash flow sensitivity of Pakistani Manufacturing firms (Published)

We investigated  the model cash-cash flow sensitivity by proceeding the 165 Pakistani manufacturing firms data that published by the authentic government body state bank of Pakistan and these firms are listed in Karachi stock exchange. The observation period started from 2007 to 2010. This study disclose that Pakistani manufacturing firms try to escalate the cash holding level that beyond the firm cash flow level there should be two aspects of more holding first they hold for precautionary and second investment motives.

Keywords: Cash, Cash flow sensitivity, Manufacturing Firms, Pakistan

CROSS-BORDER MERGERS AND ACQUISITION AND INTERNATIONAL BUSINESS PERFORMANCE OF NIGERIAN MANUFACTURING FIRMS (Published)

The purpose of this study was to investigate the strategic motives for cross-border mergers and acquisitions, as well as, examines specific relationships between these strategic motives and international business performance (IBP) of Nigerian manufacturing firms that have implemented international mergers and acquisition as a strategic imperative in the past one decade. 462 senior and management staff of 13 Nigerian manufacturing companies, quoted on the Nigerian stock exchange was randomly selected from a business-to-business database maintained by a national list provider. Using the integrated conceptual framework of cross-border entry strategy by Du and Boateng (2012), factors manifesting international business performance were regressed on the strategic motives for Cross-Border Mergers and Acquisition (CBM&As). Findings based on the survey revealed that strategic motives positively affected international business performance of Nigerian manufacturing firms involved in CBM&As. Overall, the paper argue that an institution-based motive of CBM&As, in combination with transaction cost-analysis, resource-based views, and internalization views will not only help sustain a strategy tripod, but also shed significant light on the most fundamental questions confronting motives for cross-border mergers and acquisition. Hence, a model incorporating the key elements of each approach could present a more realistic and comprehensive picture of CBM&As strategies. The model also provides predictive implications on improved international business performance, given the activities of the strategic motives for CBM&As by Nigerian manufacturing firms.

Keywords: CBM&As, Cross-border Mergers and Acquisition, Institutional Theory, Internalization theory, International Business performance, Manufacturing Firms, Nigeria, Regression Analysis, Resource-Based View, Transaction Cost Analysis

Factors Influencing The Internationalization Of Nigerian Manufacturing Firms:An Empirical Analysis (Published)

The purpose of this study was to investigate the Critical Decision Factors (CDF) of internationalization by Nigerian manufacturing firms, as well as, examines specific relationships between these CDF and Perceived International Business Performance Measure (PIBPM). 566 management staff of 14 Nigerian manufacturing companies, with international presence was randomly selected from a business-to-business database maintained by a national list provider. Using the integrated conceptual framework of international business strategy by Peng (2006), factors manifesting PIBPM were regressed on the CDF, manifesting successful internationalization. However, multivariate analyses was mathematically represented in a single equation, and this equation is expected to be used by Nigerian manufacturing companies in composing strategies to optimize their management of international entry decisions and international business performance. Overall, the paper argue that an institution-based view of international entry decision, in combination with transaction cost- and resource-based views, will not only help sustain a strategy tripod, but also shed significant light on the most fundamental questions confronting international entry decisions. Hence, a model incorporating the key elements of each approach could present a more realistic and comprehensive picture of international business strategies. The model also provides predictive implications on improved international business performance, given the activities of CDF manifesting successful internationalization.

Keywords: Institutional Theory, International Performance, Internationalization, Manufacturing Firms, Nigeria, Regression Analysis, Resource-Based View, Transaction Cost Analysis