EFFECT OF SELF-MANAGEMENT LEADERSHIP COMPETENCY ON PERFORMANCE OF STATE CORPORATIONS IN KENYA
Keywords:
Self-management Leadership Competency, Financial Performance, Non-financial PerformanceAbstract
Purpose: The main objective of the study was to establish the effect of self-management leadership competency on performance of state corporations in Kenya.
Methodology: The study adopted a cross-sectional survey research design.
Findings: Results revealed that the self-management leadership competency had a positive a significant relationship with the financial performance of state corporations in Kenya. Results also revealed that self-management leadership competency had a positive but insignificant relationship with the non-financial performance of state corporations in Kenya. This implies that self-management leadership competency only influenced the financial performance of state corporations.
Unique contribution to theory, practice and policy: Leadership competencies affect the development, functioning and management of state corporations thus improving the performance of these organizations. Hence, the study findings and recommendations of the study would be an eye opener to these corporations and provide them with the opportunity of improving its self-management leadership competencies. The findings of this study will also facilitate the availability of information for regulatory bodies such as CMA and NSE (in case of listed state corporations such as Kenya Power and Lighting Company) or supervisory bodies such as Inspectorate of State Corporations, Controller and Auditor-General. The study will provide invaluable input on its self-management leadership competencies of state corporations which they will adopt in formulating laws and regulations affecting its self-management leadership competencies. Strengthening leadership competencies at corporation level might be a viable option for Kenya as a country which is faced by major Leadership competencies challenges characterized by corruption and misallocation of resources. Better performing public sector owing to good its self-management leadership competencies would contribute to improved economic performance which will be beneficial to the entire country. Besides, better performance would lead to better, efficient and effective service delivery to the citizens and advantageous as such since state corporations providing utility services do not receive competition from the private sector. Lastly, given the limited knowledge in the same field, the findings of this study may also be used as a source of reference for other researchers.
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