International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

Analysis of Current Management Strategies on Business Operations of Two State Enterprises

Author(s) Titos Mbambi, Dominic Uzhenyu
Country Zimbabwe
Abstract The study sought to establish how effective were the business management strategies currently being used by two state enterprises in the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development namely, the Grain Marketing Board (GMB) and the Zimbabwe National Water Authority (ZINWA). The study was prompted by the negative media reports and the complaints from key stakeholders about the operations of these institutions. The main theory underpinning the study was the Resource-Based Entrepreneurship theory (RBET) by Hussain et al. (2019) complimented by the organisation theory (Oyibo and Gabriel, 2020). The pragmatism philosophy was applied to ensure that both quantitative and qualitative aspects of study were accommodated. The study used the mixed methods paradigm and the explanatory sequential design. The target population was made up of 97 managers from both the GMB and the ZINWA, as well as government officials from the parent ministry from which a sample of 46 respondents was used to obtain quantitative data responses. A self -administered structured questionnaire and semi-structured interview guide were used. The major findings were that the two parastatals had several strategies which if fully utilised could improve their operations such as outsourcing some non-key services, holding of regular meetings to get updates on the economic activities which might impact on the entities and working with reputable partners to build business growth. The major recommended strategies are that both parastatals should conduct research to facilitate innovation and development, creating and enforcing prudent and transparent financial management systems, adoption of sound corporate governance framework (practices), as well as carrying out organisational restructuring, nurturing appropriate organisational culture and having effective performance management systems.
Keywords Business, business strategy, parastatal, economy
Field Business Administration
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-11-06
Cite This Analysis of Current Management Strategies on Business Operations of Two State Enterprises - Titos Mbambi, Dominic Uzhenyu - IJFMR Volume 6, Issue 6, November-December 2024.

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