Successful Factors for Business Turnaround in Retail Chain Stores: A Case Study of Uchumi Supermarket, Nairobi
Rapid increase of new challenges facing organizations due to globalization has resulted in the need for successful business turnaround so as to reform troubled companies future competitive competence. This would ensure that outdated, unreliable and inefficient strategies for competing are elimina...
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| Format: | Thesis |
| Language: | English |
| Published: |
Daystar University
2019
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| Subjects: | |
| Online Access: | https://repository.daystar.ac.ke/handle/123456789/3037 |
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| Summary: | Rapid increase of new challenges facing organizations due to globalization has resulted in
the need for successful business turnaround so as to reform troubled companies future
competitive competence. This would ensure that outdated, unreliable and inefficient
strategies for competing are eliminated and more advanced strategies utilized. The study
therefore set to determine successful factors for business turnaround. The study results
show that there is a positive relationship between the independent variables: managerial
skills, HR practices, working capital management, business innovativeness and
dependent variable, successful business turnaround. The study employed a descriptive
research design. The study population was 1000 employees of USL.The target population
was 32 senior and middle level managers. The accessible population consisted of 13
branch managers located in Nairobi and 10 senior managers. The accessible population
formed the sample of the study. The respondents were selected through convenient
sampling method. The data was collected using questionnaires. The data was analyzed
using statistical package for analysis (SPSS). The findings were presented in pie charts,
bar graphs, and tables for clarity. The study concludes that the most significant factor is
management skills followed by business innovativeness. The study recommends that
companies should focus on employees well being at work as it promotes advantages in
the institution and further that companies should invest in training and development of
staff to achieve desired productivity. The study also recommends that USL should
develop a single promotional strategy to optimize awareness among its target customers. |
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