Vol 6 Issue 2 October 2018-March 2019

Abstract: The purpose of the research paper is to assess the role of stakeholder in enhancing the local economic development in the town councils of Namibia. The paper examined the stakeholder collaboration and management roles in enhancing the LED in the town councils of Namibia. The paper used qualitative research method to interact with the respondents in the towns councils of Namibia. The paper employed research instruments such as interviews, questionnaires as well as documentary analysis. Finding of this paper show that most town council do not have capacity to improve development and to create employment for their residents. The paper made some recommendations that will help to improve economic development in most town council of Namibia.

Keywords: Local, economic, development, Participation, Social and Vision.

Title: The role of the stakeholders in enhancing local economic development at the town councils in Namibia

Author: Sitali B. Lwendo, F. Kadjeo, Viola Unengu

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

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Abstract: A HRIS, which is otherwise called a human asset data framework or human asset the board framework (HRMS), is fundamentally a convergence of HR and data innovation through a HR programming arrangement. This permits HR exercises and procedures to happen electronically. The Human Resource Information System (HRIS) is a product or online answer for the information passage, information following, and information data needs of the Human Resources, finance, the board, and bookkeeping capacities inside a business. The objective of HRIS is to combine the diverse pieces of human asset, including finance, work profitability, and advantage the executives into a less capital serious framework than the centralized servers used to oversee exercises previously. Additionally called Human Resource Management frameworks (HRMS). A HRIS for the most part ought to give the capacity to all the more viably plan, control and oversee HR costs; accomplish improved proficiency and quality in HR basic leadership; and improve representative and administrative profitability and adequacy. Much of the time, a HRIS will likewise prompt increments in effectiveness with regards to settling on choices in HR. This exploration paper thinks about how HRIS help the association to upgrade the proficiency of work.

Keywords: Human Resource Management frameworks, Human Resource Information System, human asset, knowledge development, career growth and development, equal treatment.

Title: A STUDY ON FACTORS WHICH INFLUENCE IN HUMAN RESOURCE INFORMATION SYSTEM (HRIS): IMPORTANT ELEMENT OF CURRENT SCENARIO AT TRICHY

Author: K.MEENALOCHANI, DR. V. SURESH KUMAR

International Journal of Management and Commerce Innovations 

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Abstract: Kenya’s higher education sub sector is among the highly growing. Therefore, cash management becomes more significant compared to other liquid assets since cash is a vital asset to be held by a firm. Cash management practices are necessary undertaking that enhance matching the timing of payments and the available of cash which may hamper with operations of a firm. Private universities have erratic cash flow dependent of lone stream and limited access to capital. The problem is magnified by the management focus on growth which put much pressure on cash management systems. Cash deficiency in Kenya private universities will expose the universities to financial risk that may ultimately affect the daily operations in provision of higher education leading to liquidation. The study endeavoured to establish the effect of cash management practices on financial performance of private universities in Kenya. The objectives of the study were to identify effect of cash budgeting, to determine the effect of cash policies, to establish the effect accounting practices and to identify the effect of investing of surplus cash on the financial performance of private universities in Kenya. The study was guided by free cash flow theory and decision usefulness theory. The study targeted 35 private universities registered by Commission for university education and sought observations of 35 finance officers. The descriptive research design was adopted during the study. The study adopted a census in the data collection. Questionnaires were administered to the targeted population. Data was coded and analyzed using Statistical Packages for Social Sciences (SPSS) and Microsoft excel. Data analysis was presented using descriptive and inferential statistics. Descriptive statistics involved weighted average and percentages and inferential statistics involved regression and correlation analysis. The findings revealed that cash budgeting assist in making cash forecasting and variance analysis, however, does not enhance budgetary control, spending of cash as planned, control of university spending habits and involvement of all departments; cash policy ensured proper cash management and safe custody of financial documentation, however did not ensure security and tracking of university funds and that financial controls were strictly followed; accounting practices enhanced tracking of business transactions and preparation of financial statements but not keeping of daily cash receipts and payments; investing surplus cash did not show improved liquidity and profitability and returns being consistent with risk undertaken. The correlation analysis results revealed that at 1% level of significance cash budgeting, cash policies, accounting practices and investing surplus cash have a significant positive influence in determination of financial performance in private universities. The results from regression analysis revealed that cash budgeting accounts 21.9% magnitude in influencing financial performance; cash policy accounts 43.1% magnitude of influence on financial performance; accounting practices accounts 29.8% effect size in influencing financial performance in private universities. The study recommended that the university management to formulate guidelines on cash budgeting process with involvement of all departments, formulation and strict adherence of cash policies; Commission for university education to cause adherence of accounting standards and conduct yearly audit  and investment be undertaken after due diligence report is approved by the university governing body.

Keywords: Returns, Private University, Variance analysis, financial performance, Accounting practices, Cash budgeting, Cash management practice, Cash policies, internal controls, investing surplus cash.

Title: CASH MANAGEMENT PRACTICES AND THE FINANCIAL PERFORMANCE OF PRIVATE UNIVERSITIES IN KENYA

Author: Polycarp Denis Muigo Waiganjo, Joseph M. Theuri

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

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Abstract: Business success is employee performance, therefore optimizing the employees job performance affects the company's overall profitability. Improving employee performance requires documentation, training and communication, beginning with the first step in the hiring process: the job posting. Matching highly skilled people to available positions is a high-stakes task that requires careful consideration by experienced resource managers. A wrong decision may result in significant loss of value due to understaffing, underqualification or overqualification of assigned personnel, and high turnover of poorly matched workers. While the importance of quality matching is clear, dealing with pools of hundreds of jobs and resources in a dynamic market generates a significant amount of pressure to make decisions rapidly. From that point, employers have a duty to portray the job responsibilities as clearly as possible as well as provide training and evaluation throughout the employee's tenure.. By taking measures to ensure employees at your facility are in an ideal environment, you’ll ensure a happy, productive workplace. Each of these factors should, in varying degrees, play a role in your space planning and space utilization decisions. Consider each as you develop occupancy plans or plan moves, because each has a profound effect on workplace efficiency.

Keywords: Business success, employee performance, employers, workplace.

Title: An Analysis of the Effect of Optimization on Performance

Author: Soumitra Bhattacharya

International Journal of Management and Commerce Innovations 

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Abstract: Economic growth and the development of an increasingly modern era, have an impact on the shifting culture of public spending. This phenomenon can be proven by the changing lifestyles of people who used to shop in traditional markets, but nowadays people prefer to shop at modern markets such as supermarkets and department stores. Companies need to develop strategy strategies to attract consumer impulse purchases. The purpose of this study is to examine the role of hedonic values ​​in mediating the effect of outlet atmosphere on impulsive purchases. The variables examined in this study are store atmosphere, hedonic value, and impulsive buying. The sample is 104 respondents with a purposive sampling method where respondents had the criteria of domicile in the city of Denpasar, minimum education at high school or equivalent, and had made impulsive buying at the Tiara Dewata Supermarket. Data was collected through questionnaires. The analysis technique used is path analysis and sobel test. Based on the results of the analysis found that store atmosphere variables have a positive and significant effect on hedonic value, store atmosphere variables have a positive and significant effect on impulsive buying, hedonic value variables have a positive and significant effect on impulsive buying, and hedonic value variables significantly mediate the effect of store atmosphere on impulsive buying. The advice that can be given to the Tiara Dewata Denpasar is to continue to provide products that are needed and desired by their customers and always offer the latest products so that later they can encourage increasing impulsive buying.

Keywords: Store Atmosphere, Hedonic Value, Impulsive Buying, Supermarket, Tiara Dewata.

Title: The Role of Hedonic Value Mediate Store Atmosphere on Impulsive Buying

Author: I Gede Aditya Gunnanda, Ni Made Purnami

International Journal of Management and Commerce Innovations 

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Abstract: This article analyzes the prospect of arming private security guards in Kenya in the fight against terror attacks. Arming guards is a big jump from baton-bearing and the step cannot be made impulsively even in an ideal situation. All counter-terrorism measures must be geared towards raising the costs of a terror operations while increasing their expected disutilities and lowering the expected payoff of a terror operation. For guards to segue into bearing arms and be expected to perform optimally and effectively against would-be terrorists, they should meet a pre-set fitness standard based on the PULHHEEMS criteria before being subjected to tactical and weapon handling training in addition to legal issues surrounding their new status. They also ought to be well remunerated and people of certain code of conduct to safeguard against misuse of the weapons issued to them. The clients must also choose to accept the costs and the risks involved in employing the services of the armed guards compared to the revenue they can generate from the perceived amelioration in security or the loss mitigated thereof. The risks posed by arming of guards, the cost of arming them against corporate bottom-line and the effectiveness of armed guards against terrorists compared to the risk of a terror attack in Kenya does not warrant the arming of private security guards under the prevailing conditions. However, this could be re-evaluated upon changes in any of the factors. Statistically, armed guards would pose mortal danger to approximately 119 persons directly per year alongside many more who would be adversely impacted indirectly. This is against a potential of saving approximately 33.71 lives per calendar year assuming similar training and evaluation capacity to that of the Kenya police service. Clearly, arming private guards to save lives in probable terror attacks in Kenya is not a logical initiative.

Keywords: Kenya, Armed, Guards, Terrorism, Training, PULHHEEMS, Risk, Attacks, vulnerability, Arming.

Title: TO ARM OR NOT TO: ANALYZING THE PROSPECT OF ARMING PRIVATE GUARDS AGAINST TERROR ATTACKS IN KENYA

Author: Denis Kimathi Kairemia, Muhumed A Sheikh, Amon Nyansera Nyakundi

International Journal of Management and Commerce Innovations 

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Abstract: We live in troubled economic times and financial literacy is increasingly becoming, not only a national concern, but also a global concern. Financial markets have increasingly been deregulated with rapid growth of financial products being experienced across many financial markets. Increase in inflation and diminishing of getting jobs. JKUAT students are on transition to be on their own after their years in university. In this regard, it is becoming increasingly important for the students to become aware of their personal finances so as to ensure them and their families are financially secure in the long run. This study has focuses on role of financial literacy on financial decision among students of Jomo Kenyatta University of agriculture and technology. The objectives of the study were as follows; To determine the effect of debt management literacy on financial decision among students of JKUAT. To establish the effect of budgeting literacy financial decision among students of JKUAT. To find out how literacy on banking services affects financial decision among students of JKUAT. To examine the effect of book keeping literacy on financial decision among students of JKUAT. The targeted population which represented the sampling frame are the students of JKUAT in human resource department who were on their final semesters in their courses in all bachelor programs approximated to be 500 students. This population was selected due to its accessibility and proximity to the researcher. Both descriptive and inferential statistics was adopted for the study. The quantitative data was analyzed by using descriptive statistics which included frequency distribution tables and measures of central tendency (the mean), measures of variability (standard deviation) and measures of relative frequencies. the inferential statistics included a regression model which established the relationship between variables. Data was analyzed by the use of a statistical software SPSS version 20. Data was presented in the form of tables and charts. From the results, it is evident that some of the benefits associated with financial literacy are financial satisfaction, better management of personal finances, substantial returns, effective money management, budgeting and record keeping, and effective retirement planning and debt management. These benefits would help individuals make informed personal financial decisions. It is also a call for all the stakeholders within the financial sector and without to continuously exploits financial literacy for maximum results of personal financial decisions. The survey demonstrates that financial constraints, lack of literacy programs, individual commitments, inaccessible venues, culture and beliefs and lack of sponsorship are impediment to the participation in financial literacy programs. Nonetheless, the banks and other financial institutions need to go the extra mile in suppressing these factors so as to improve and increase participation of financial literacy programs within their memberships. The survey has shown that the adoption of strategies such as better accessibility of financial literacy program venues, use of online platform, sponsorship, incorporation of financial literacy course in the school curriculum, use of practical approaches in disseminating financial literacy information and flexible scheduling will help enhance participation in financial literacy programs. JKUAT and others should embrace the use of these mechanisms in order to impart up to date financial knowledge to their members. This research was designed to determine the role of financial literacy on financial decisions made by JKUAT Students. After reviewing the varied responses, gaps which were outside the scope of this research have emerged. This research was only focused on Jkuat Students hence locking out others that are in   the same institution. Future research should evaluate whether members of other JKUAT would exhibit similar results and findings as far as the responses were concerned. In addition, similar research could be carried out with a focus on the management of the JKUAT to find out their perspective on the specific objectives of this research.

Keywords: Financial, Literacy, Financial Decision.

Title: ROLE OF FINANCIAL LITERACY ON FINANCIAL DECISION AMONG STUDENTS OF JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY

Author: MUKIRI ERICK PETER, DR SAMMY KIMUNGUNYI

International Journal of Management and Commerce Innovations 

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Abstract: Dairy industry in Kenya contributes 14 % of agricultural Gross domestic product (GDP) and 3.5% of total GDP. Dairy industry is therefore, one of the sub sectors in agriculture which has potentials of improving the economic and social welfare of a country. Secondary and tertiary production operations are conducted by the employees (internal customers) steered by the management  for purposes of satisfying the market (external customers).The matching of the employees, who buy into the goals and objectives of the organization and its product, to effectively and efficiently serve the external customers is realized through internal marketing. Internal marketing calls for well motivated employees in the dairy firms who intern pass on their service to the external customers (markets of dairy products) to their satisfaction. Internal marketing therefore helps settle the market demand and reach customer satisfaction. With internal marketing, the processors are therefore able to sell what they produce and customers buy what they require thus the firm’s profitability and customer satisfaction are realized. Sustainability of the firm is realized through repeat purchase and royal customers.

Keywords: Dairy industry, Gross domestic product (GDP), Internal Marketing.

Title: Effect of Internal Marketing on Performance of Dairy processors in Kenya

Author: John M.Wanyoike, Dr. Lilian Mwenda, Dr. Anita Wachira, Dr. Eddy Owaga

International Journal of Management and Commerce Innovations 

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Abstract: This study investigated the conflict resolution of managers in “AAA” resort-hotels on resort-hotel operations. The 10 Managers and 200 employees from selected resort-hotels in the province of Bulacan were asked to answer a 20-items questionnaire on types of conflict which the resort-hotel had experienced for the last five years and 20-items questionnaire on how the resort-hotel managers resolved the conflicts. The result revealed that for the last five years, the highest incidence of intrapersonal conflict is high degree of job-related tension, on interpersonal conflict is conflict with customers, on intergroup conflict is relationship conflict and reward system conflict for intragroup conflict.

Title: CONFLICT RESOLUTION OF “AAA” RESORT-HOTELS IN RESORT-HOTEL OPERATION: AN ASSESSMENT

Author: Lena N. Cañet

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

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Abstract: Poverty has remained a global phenomenon and has been one of the major problems of women and its reduction is imperative for societal progress. Microfinance services are extremely important for the development of women entrepreneurs, and a key development strategy for poverty reduction among women. This study examined the effect of microfinance services on poverty reduction among women in Katsina metropolis. The study uses a cross sectional survey with a sample of 336 women of women development center/future assurance, Bima foundation, and Katsina youth craft village in Katsina metropolis, Katsina state, Nigeria. The data collected was analyzed using SPSS version 21; the study used multiple regressions for analysis. The result of the study revealed a positive and significant effect between microcredit and poverty reduction, micro-saving also had a positive and significant effect with poverty reduction, while training had a positive but statistically insignificant effect with poverty reduction. It was recommended that microfinance foundations concerned should intensified its training program by improving the items under training to enable women take full advantages of the training in order to have better result.

Title: The Effect of Microfinance Services on Poverty Reduction among Women in Katsina Metropolis

Author: Umar Abdulmalik, Bala Ado Kofar mata, Murtala Aminu Ibrahim, Abubakar Usman Yusuf

International Journal of Management and Commerce Innovations 

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Abstract: Fast fashion is the practice of using low-quality and badly-sourced fabrics to create trendy garments which can only be used for a short duration of time before being thrown away without being reused. Popular clothing companies such as Zara and Forever 21 are among the largest users of fast fashion. With devastating impacts on the environment, fast fashion practices have destroyed the natural world creating large amounts of waste. The clothes are thrown away at a quick rate due to their short shelf life and their inability to maintain longevity in the world of fashion trends. The waste is never repurposed and is instead sent to large landfills or “donated” to third-world countries, which in turn destroys their local clothing industry. However, a recent solution that has surfaced is the practice of producing clothing in an commercially and environmentally sustainable manner. Slow fashion offers an alternative to fast fashion to minimize significant damages to the environment while exploring new design frameworks to deter the problems caused by the fast fashion trend. In slow fashion, all fabrics and materials for creating clothes are ethically sourced, and are specifically designed with lasting aesthetic principles in mind. Proponents of this fashion practice include Patagonia who prize transparency and quality products in their branding.  The purpose of this study is to review the current literature drawing on various scholarly studies, including research from the Journal of Cleaner Production, New Perspectives Quarterly, and The International Journal of Consumer Studies. The literature presented discusses slow fashion marketing strategies identifying 5 categories that determine the preference for slow fashion including Equity, Authenticity, Functionality, Localism, and Exclusivity. Clothing libraries are another sustainable practice recommended by proponents of slow fashion, which promotes donating one’s unused or unneeded clothes into the clothing library for someone else to borrow and wear. Information about sustainable fabrics are limited but one article highlights utilizing water-based products and chemicals from plants such as eucalyptus and wood pulp which grow quickly and have low requirements for water and pesticides. Plant and water-based inks take the extracts from plants to print in an environmentally-friendly manner, and is also biodegradable if chosen to be discarded. A key element in sustainable fashion is reframing the design process to include considerations of the environmental impact of the design and the materials used, while realizing the growing consciousness of the consumers in the brand. Companies must analyze the supply chain of their garments, and effectively assess the impact of these manufacturers on the local economy as well as its environmental impact. Lastly, when a final product is produced, companies survey users to find any discomforts or qualms with the garment, so it can be revised or edited. To lengthen the lifespan of clothes, strategies such as ‘narrowing’ aids businesses to efficiently find and use resources, reducing toxic waste left over from production in the long run. This method saves businesses from spending additional expenses while protecting the environment from needless damage that come from extracting and expelling resources. ‘Slowing’ is relation to the resource loop is to improve the quality and durability of products. Whether or not slow fashion is feasible in such a fast-paced market remains to be seen. However, slow fashion has its merits and is beginning to pick up traction among both designers and consumers.  

Keywords: Fast fashion, slow fashion, environmental damage, sustainable fashion.

Title: Fast Fashion at Environmental Costs and Slow Fashion Alternatives

Author: Elliot Yu

International Journal of Management and Commerce Innovations 

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Abstract: Consumers play a vital role in the functioning of the economy.  Consumer education is important in empowering the consumers to protect them from exploitations of unscrupulous traders. This study on consumers’ rights awareness was conducted employing descriptive-differential research, random sampling of 910 household heads as respondents, using guide questionnaire during interview, and employing percentage, mean and one-way analysis of variance in data analysis.  Results revealed that the consumers were aware of their consumers’ rights and that the level of consumers’ awareness among the municipalities did not differ, however, only few were aware of consumer laws like RA7394 or the Consumer Act of the Philippines because few had access to information.  Consumers experienced exploitation or malpractices from the traders and were reluctant to report to proper authorities.

Keywords: consumers, consumers’ rights awareness, RA 7394

Title: Consumers’ Rights Awareness: the Case of Household Heads in Davao Occidental, Philippines

Author: Grace D. Buencillo, Erlinda M. Palacio

International Journal of Management and Commerce Innovations 

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Abstract: Milk is one of the agricultural products which are widely consumed worldwide. It is also considered as one of the best sources of animal protein. Besides, it serves as a source of income to practitioners in the dairy industry. This is in compliance with economic and social pillars of Kenya vision 2030. Agriculture is the mainstay of Kenyan economy representing 24% of the GDP and contributing to 65% of Kenyan total export. The dairy industry contributes 14% of the agricultural GDP and 3.5% of total GDP in Kenya Milk processors firms are Key actors in promotion and development of the dairy industry in Kenya. The dairy processors carry out secondary and tertiary production by adding value to milk through sourcing, processing, distribution and accessing both domestic and foreign markets, hence are considered crucial actors in the dairy industry. The rapid growth of industry and dynamism of the business environment has been accompanied by a couple of challenges. Among the challenges experienced by the dairy processing firms are: seasonality of production, low productivity, limited agricultural technology, high cost of processing, marketing competition in the local and export market, poor infrastructure. Holistic marketing calls for a well balanced set of related marketing activities with wider scope and objectives in response to fundamental changes and challenges in marketing environment. The paper analysis the effect of holistic marketing on performance of dairy processors in Kenya.

Keywords: Relationship Marketing, Internal Marketing, Integrated Marketing, Social Responsibility, Discretionary Effort, Performance.

Title: Effect of Holistic Marketing on Performance of Dairy Processors in Kenya

Author: John Maina Wanyoike, Dr. Anita Wachira, Dr. Lilian Mwenda, Dr. Eddy Owaga

International Journal of Management and Commerce Innovations 

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Abstract: The purpose of this research is to examine the influence of service quality on customer satisfaction and repurchase intention on goods delivery services (JNE). The number of samples taken is 100 JNE consumers. The method used was purposive sampling by collecting data through questionnaires. The analysis technique used is  the path analysis and sobel test. Based on the results of the analysis it was found that the quality of service has an effect on customer satisfaction is significantly positive, as well as service quality has a positive and significant effect on repurchase intention, and customer satisfaction has a significant positive repurchase intention. The results also show that customer satisfaction can mediate service quality with repurchase intentions. These results prove that to improve customer satisfaction, companies are expected to maintain service quality so that they create a commitment in repurchase intention.

Keywords: service quality, customer satisfaction, repurchase intention, JNE.

Title: THE EFFECT OF SERVICE QUALITY ON CUSTOMER SATISFACTION AND REPURCHASE INTENTION ON GOODS DELIVERY SERVICES

Author: Nabiha Yahya, Ni Made Asti Aksari, Ni Ketut Seminari

International Journal of Management and Commerce Innovations 

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Abstract: Universities and colleges play a very big role in the indian community as it is one of the fastest growing economies in the world with the world’s youngest population as well. Education has an overwhelming impact on an individual’s life, and so the selection of universities and colleges in the further pursuit of educating oneself in various different fields of study. Therefore, it is important to gain knowledge about the factors that incorporate the decision making process and the sources of information from which the prospective students make their decisions with regards to opting for certain university.In this fast moving world of easily accessible data over the internet, this study learns to understand how and what affects the choice of consumers and students’ selection and buying behaviour towards the educational institutions of India.

Keywords: colleges play, fastest growing economies, world’s youngest population, Education, students’.

Title: The Factors Influencing Decision-Making Process of Students in Selecting Private Universities in India

Author: Munir .D. Momin, Maaz Mohammed Sheik

International Journal of Management and Commerce Innovations 

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