Vol. 3 (09) pp. 746-754

The role of Organizational Systems in reducing exposure to financial risks on performance-A Case of Kenya ports authority

  • JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY CBD MOMBASA CAMPUS
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Abstract

The success of an entire Organization may rely on managing a broad landscape of exposure to financial risks when carrying out its financial and other business transactions. Organizational systems were adopted inoder to design organizations for the purpose of configuring elements or organizations to effectively and efficiently achieve its strategies and deliver intended business, customer and employee outcomes. The systems have been incorporated in many advanced economies like the United States, Europe and Asian continent, later spreading to Latin America and Africa. These systems are basically driven by a business strategy and operating context that requires holistic thinking that includes systems, structures, people, performance measures, processes, culture, and skills that are designed for the future of the organization. The benefits of organizational systems in reducing exposure to financial risks on performance includes the proper use of Information technology, structures, internal control, and communication for the quickest response to security and privacy requirements, overcoming human contact during transactions, minimizing human errors, intervention in internal fraud through software manipulation, in order save owners costs, increase equity and ability to maximize profits. The researcher sought to carry out its study on KPA, and the rationale behind this investigation was to determine, the role of Organizational Systems in reducing exposure to financial risks on performance. The Methodology used was both primary and secondary tools of data collection, whereby primary data was collected through self-completion questionnaire which is one of the most effective ways of collecting data. Brymman and Bell (2007).The data would be analyzed using univariate analysis that is analysis of one variable at a time. This kind of analysis provides a frequency table that reports the percentage of each of categories and diagram that is easy to interpret and understand. There is also the use of crosstab and chi square tests as tools for testing the hypothesis. The study reviewed literature on assessing the role of organizational systems on reducing exposure to financial risks on performance concerning, similar research topics. Observation gathered during the research was also incorporated in the findings of the research. The study used both quantitative and qualitative data, to illustrate findings. The target population for the research was forty employees. Lastly the study drew conclusions and recommendations that would contribute to higher success in adopting the purported recommendations.

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How to Cite This Article

Marcelline M. Mwazighe (2015); The role of Organizational Systems in reducing exposure to financial risks on performance-A Case of Kenya ports authority, Int. J. of Adv. Res., 3 (09), 746-754, ISSN 2320-5407.

Corresponding Author

Marcelline M. Mwazighe