The effects of owner management on the financial performance of a firm: Case of Chako Farm Pvt Ltd
- Author
- Alubembe, Dennis S.
- Title
- The effects of owner management on the financial performance of a firm: Case of Chako Farm Pvt Ltd
- Abstract
-
This paper aims to investigate how owner management affects a company's financial performance and it used Chako Farm Pvt Ltd as a case study. The research was necessitated by the problems and challenges faced by the organization due to the management and overall running of the business by the owner manager. According to some academics, a company's ownership structure has a big impact on how financially successful it is. In that case, a comprehensive literature review was used from different sources to come up with the research strategy and case study approach was adopted. Others countered that a company's ownership and management structure have no bearing on the company's financial performance. The researcher employed a mixed approach for this study, which included both quantitative and qualitative data collection techniques. 26 respondents received questionnaires, and 10 questions were asked during interviews. The results of the study demonstrated how a company's financial performance is significantly influenced by its organizational structure, structure formalization, structure complexity, and structure centralization. It was also discovered that farms accounting processes and their understanding of performance assessment are crucial in determining a firm's financial performance. It was then advised that the organization hire a skilled management, follow good financial reporting procedures, and centralize decision-making through delegation and consultations.
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Management
- Financial performance
- Supervisor
- Mr Chiriseri
- Item sets
- Department of Accountancy
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