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

Titos Mbambi; Dominic Uzhenyu

doi:10.36948/ijfmr.2024.v06i06.29879

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. DOI 10.36948/ijfmr.2024.v06i06.29879
DOI	https://doi.org/10.36948/ijfmr.2024.v06i06.29879
Short DOI	https://doi.org/g8qfwb

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

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