EFFECTS OF COMPETITION ON THE PROFITABILITY OF CEMENT MANUFACTURERS IN KENYA
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 7
Abstract
The main objective of this study was to identify the effects of competition on the profitability of cement manufacturers in Kenya. This study adopted a survey research design while, stratified random sampling was used. Secondary and primary data collection methods specifically questionnaires and interviews were utilized in this study while both qualitative and quantitative research methods were also used. The study drew the sample of the study from the five cement companies operating in Nairobi Kenya. A response rate of 90% was achieved. The researcher found out that competition does impact on a company’s profitability either to some extent or to a great extent. Therefore, the researcher concluded that that for in terms of improving capacity of cement firms in Kenya in terms of countering competition, cement manufacturers should integrate innovation, quality service delivery, value chain adoption, integration of state of the art equipment, good financial management practices and constant re-evaluation in regard to profitability. This should also be realigned with the local realities in regard to Vision 2030, through establishing a regulatory authority, modernization of equipment, strong regional integration, proper infrastructure and regulation of the cement industry such that monopoly does not interfere with the industry.
Authors and Affiliations
Lucy Molonket| School of Human Resource Management, Jomo Kenyatta University of Agriculture and Technology, Charles Ombuki| School of Human Resource Management, Jomo Kenyatta University of Agriculture and Technology, Nelson Wawire| School of Human Resource Management, Jomo Kenyatta University of Agriculture and Technology
Keywords
Related Articles
- EP ID EP10491
- DOI -
- Views 275
- Downloads 18
THE EFFECT OF SECTORIAL PUBLIC INVESTMENT EXPENDITURE ON PRIVATE INVESTMENT IN NIGERIA: AN ERROR CORRECTION ANALYSIS
The literature on the relationship between public and private investment seems unclear on whether there exists a complementarity or crowding out effect. This paper however examined the crowding in or crowding out effe...
CONCEPT, REGULATIONS AND INSTITUTIONAL ISSUES OF IPSAS: A CRITICAL REVIEW
Globalization spawns a historical revolution and inevitably influences the accounting sector. As a result, harmonization of national accounting systems meets with success under globalization. Accounting...
Integrating The IC Concept Into Strategies For The Development Of Regional Network Systems
Business practice confirms the need of developing basic organisational features that would result in creating a unique corporate image. The material character of technical, organisational and economic resources is a f...
UNDERSTANDING KNOWLEDGE MANAGEMENT IN ACADEMIC UNITS: A FRAMEWORK FOR THEORY AND RESEARCH
Knowledge management (KM) is an important process for universities as well as business organizations. However, literature fails to reflect common and reliable understandings of university knowledge management (UKM). A...
THE USE OF COMPANIES AFTER PRIVATIZATION TO METHODS OF EVALUATION AND ACCOUNTING DISCLOSURE IN JORDAN, FROM THE POINT OF VIEW OF INTERNAL AUDITORS
This study aims to Facilitating access to technology and modern management techniques much needed to foster competitiveness on the global markets and access to new and stable markets , Stemming the flow of public fund...