Adapting to change and organizational growth in small and medium size enterprises in microfinance deposit taking institutions in central Uganda.
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Date
2013-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University.College of Economics and Management
Abstract
This study investigated the effect of adapting to change and organizational
growth in Small and Medium Sized Enterprises (SMEs) in selected Micro-Finance Deposit
Taking Institutions (MDis) in the central region in Uganda. The parameters of change
included technology, innovation, research and development and competent
management. Growth was considered in terms of revenue, profitability and liquidity.
The population consisted of 150 respondents with a sample size of 109. Data
was collected by use of questionnaire and interview guide, according to the research
objectives and questions which were encoded into the statistical research package for
social sciences (SPSS). Data was processed and analyzed using descriptive statistics to
show the frequencies and percentage distribution. The mean and standard deviations
were applied to establish the level of adapting to change and organizational growth in
the selected MDis in the central region in Uganda. The Pearson's linear correlation
coefficient (PLCC) was used to correlate the independent and dependent variables to
test the existence of significant relationship between the two variables.
The findings also indicated a significant positive correlation between the
dependent and independent variables based on 0.01 level of significant and therefore
rejecting the null hypothesis, that there is no significant relationship between adapting
to change and organizational growth in microfinance deposit taking institutions in the
Central region in Uganda.
The study according to the results from the respondents enabled the researcher
to conclude that adapting to change in technology, innovation, research and
development and also having competent management is imperative if the small and
medium sized enterprises specifically the microfinance deposit taking institutions are to
achieve organizational growth in terms of revenue, profitability and liquidity. The
researcher recommended that MDis of SME nature should adapt to change as an
ongoing process in order to achieve the organizational growth
Description
Thesis presented to the College of Higher Degrees and Research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the Degree Master of Business Administration in Accounting and Finance
Keywords
Adapting, Organizational, Growth, Enterprises