Influence of Cost Management Strategies on Performance of Selected Multinational Logistics Firms in Kenya

Simple item page
dc.contributor.authorMaina, Faith Nyaguthii
dc.date.accessioned2024-11-25T11:12:14Z
dc.date.available2024-11-25T11:12:14Z
dc.date.issued2023
dc.descriptionMASTER OF BUSINESS ADMINISTRATION in Finance and Strategic Management
dc.description.abstractFor any organization to be sustainable over time, it needs to sustain itself through cost management. The service industry has been affected by the economic recession and therefore requires sustainability. This study sought to determine the influence of selected cost management strategies such as outsourcing, restructuring and business process reengineering on performance of selected multinational logistics firms in Kenya. This study employed a descriptive research design to establish the association between cost management strategies and performance. The target population consisted of all the 21 multinational logistics firms operating in Kenya. Questionnaires were used as the data instrument in collecting the primary data. Data was analyzed using SPSS version 23 and presented in form of tables, figures, descriptive means, standards deviations and percentages. The study found that logistics firms had clear management policies that were in line with their cost management strategies. The companies applied cost management strategies and they thought that cost management strategies have a significant influence on organization performance. The study also found that outsourcing and business reengineering influenced the performance of multinational logistics firms in Kenya to a great extent. The study recommended that the management of the logistics firms need to look very cautiously at the effect of cost management strategies in relation to their long-term goals and ensure that they implement the strategies that would be compatible to the organizational missions and objectives. The logistics firms should also ensure that they implement strategies that boost their resilience and also forecast what the standard performance would be in the future.
dc.description.sponsorshipDaystar University, School of Business and Economics
dc.identifier.citationMaina, F. N., (2023). Influence of Cost Management Strategies on Performance of Selected Multinational Logistics Firms in Kenya. Daystar University, School of Business and Economics
dc.identifier.urihttps://repository.daystar.ac.ke/handle/123456789/5666
dc.language.isoen
dc.publisherDaystar University, School of Business and Economics
dc.subjectcost management
dc.titleInfluence of Cost Management Strategies on Performance of Selected Multinational Logistics Firms in Kenya
dc.typeThesis

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Influence of Cost Management Strategies on Performance of Selected Multinational Logistics Firms in Kenya.pdf
Size:
2.88 MB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

School of Business and Economics