Graduate School of Business

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    Factors affecting access to finance for small and medium scale enterprises (SMEs) in Zambia: a case study of Chilanga district’s central business district (CBD).
    (The University of Zambia., 2019) Zulu, Francis
    Small and Medium Enterprises (SMES) are hailed for their pivotal role in promoting grassroots economic growth and equitable sustainable development. They contribute substantially to the Gross Domestic (GDP), export earnings and employment creation in many countries and have been widely acknowledged as the springboard for sustainable economic development. While SMEs constitute an important component of the private sector in the developing world (mostly), they report significantly higher obstacles to their operations and growth than large enterprises. Among the many obstacles, the lack of access to appropriate financial services, especially lending services, looms large. The main objective of this study, therefore, was to analyse the factors affecting access to finance by small and medium (SMEs) businesses operating in Zambia, focusing on the Central Business District of Chilanga District as a case study. The study revealed notable constraints from both the demand and supply side of access to finance due to a number of factors like lack of collateral, higher risk of small and medium enterprise business failure, poor debt repayment culture, poor record keeping by small businesses and lack of succession planning among other things. Other factors included high interest rates by financial institutions, lack of understanding of small and medium business needs and lack of trust in the management of small business by financial institutions as small firms were known to divert borrowed funds from the business thereby resulting in high default rates. The demand side factors of access to finance were also affected by volume of required documentation in credit applications, banking policies, regulatory environment and scanty credit information.
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    Factors affecting successful implementation of electronic procurement at Zambia Air Force based on the technology acceptance model.
    (The University of Zambia., 2020) Kademaunga, Clara Kabwela.
    Electronic procurement has continued to gain ground in many organisations world over both in government and private institutions as a basis for competitive procurement and as a good practice. African countries have also started implementing electronic procurement and Zambia piloted its electronic procurement through the Zambia Public Procurement Authority (ZPPA) known as Electronic Government Programme (eGP). Electronic procurement when well harnessed has many organisational advantages gained from such reforms. The aim of the dissertation was to identify factors affecting successful implementation of electronic procurement at Zambia Air Force (ZAF) based on the Technology Acceptance Model (TAM). A baseline study was conducted for a targeted population of 100 respondents purposively selected, drawn from Information Technology, Procurement and Finance Departments. Data was collected through the questionnaire administration and analysis of some secondary data. The research design used was descriptive survey, descriptive survey because it provided a set view of the subject, population, and segment. The target population for the study were drawn from Zambia Air Force Headquarters and other outlaying Bases within Lusaka whom data was collected through questionnaire administration and interviews. Data was analysed using Social Package for Social Sciences version 20 and Microsoft Excel. Statistical correlation was used in data analysis to assess the level of adoption and usage of electronic procurement based on the TAM Model. The study findings revealed that perceived ease of use and intention to use was positive. The findings deduced that personnel were ready to embrace electronic procurement implementation reforms largely due to ease of use and usefulness of the system. However, the study revealed that not much was being done by top management at Zambia Air Force regarding the implementation of electronic procurement. The study recommended that ZAF put up necessary electronic procurement prerequisites to enhance operational efficiency, transparency, and accountability in its procurement processes thereby, abiding by government requirement through the ZPPA mandate of 2016.
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    Factors influencing consumer brand choice of cordial beverages: a case of spaka cordial drinks brand.
    (The University of Zambia., 2020) Shawa, Sarah
    Consumer choice is generally determined by various factors such as product attributes, social factors surrounding the consumer, as well as marketing factors. The objective of the study was to explore factors influencing consumer choice for cordial drinks, particularly focusing on SPAKA brand manufactured by Wanzana Processing Limited. 140 structured questionnaires were distributed to a cross section of consumers across Lusaka using a convenient, non-probability sampling method. Data was analyzed using the Statistical Package of Social Sciences (SPSS V.16). The analysis was both descriptive and analytical in nature as it sought to establish percentage rates and Pearson correlations between variables. The Findings revealed that majority of beverage consumers in excess of 65.4% were not aware of the existence of SPAKA drink. And even among those that are aware of it, none of them indicated that it was their favourite, while majority of them rated its quality as poor. The study further revealed that factors that significantly influenced the buying decision of consumers of cordial beverages were marital status, taste, brand name, advertising and packaging. The study concluded that manufacturers of drinks, particularly Spaka brand, should focus on the quality of their drinks. Specifically, there is need to advertise the drink more and attractively package it so that it is known to the public. The study recommended that manufacturers should continue to invest heavily in the cordial beverage industry as they are guaranteed a market for cordial beverages, since they are popular amongst Lusaka residents.
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    Factors affecting the entrepreneurial intentions of students at Lilongwe technical college.
    (The University of Zambia, 2019) Mphezu, Charles
    Entrepreneurship is one of the most important factors for stimulating economic growth and development in any economy and several countries have put entrepreneurship awareness programs as part of their education system. Malawi also incorporated entrepreneurship education in the curriculum for technical colleges with a view to enhance entrepreneurial intentions among students. However, since the introduction of entrepreneurship education into the curriculum, there has never been a study to find out the entrepreneurial intentions of students to provide empirical evidence for decision making. Graduates still opt to seek employment than pursue careers in entrepreneurship. This study was based on the planned behaviours theory of behavior. It investigated the relationship between entrepreneurial intention, attitude, perceived subjective norms, and perceived behavioral control amongst students at Lilongwe Technical College in Malawi. The study was based on a sample of 130 students and findings revealed that students’ attitude, subjective norms and perceived behavioral control greatly relate to their entrepreneurial intention. Based on these findings, this study provided a theoretical explanation of the role of attitude, subjective norms and perceived behavioral control as antecedents of entrepreneurial intention. It has therefore provided empirical data which may facilitate rational policies on creating an enabling environment within the training system in the technical colleges to improve entrepreneurial intentions of students.
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    Effectiveness of corporate governance systems on zambian’s cooperatives. a case of agricultural and commercial cooperative society of Zambia ltd.
    (The University of Zambia, 2020) Mwiya, Mukamba
    The main objective of this was to examine the importance of having effective corporate governance systems on the agricultural cooperatives in Zambia. The study used a descriptive design method where a survey was chosen. Primary date was obtained to bring out key findings that shed light on the subject. Research data was analysed using descriptive statistics and for ascertaining association between variables. The study used a respondent sample of 88 in Lusaka. Findings on the first objective, effect of corporate governance found that economic growth, public confidence and stakeholder inclusiveness as confirmed by the principle of the cooperative and Kings iv report for the Agricultural and Commercial Cooperative Society. Findings on the factor that contribute to lack of cooperate governance found that the regulations, rules, laws and acts accentuated less than degree of concern on accountability, transparency, fairness/equity and the independence in the operation of the Society’s corporate governance framework. And findings on processes that can improve Corporate Governance systems at Agricultural and Commercial Cooperative Society found that co-operatives should develop structures and policies that permit and promote active member involvement at appropriate levels. The Cooperative need a framework of ethical and strategic leadership which promotes adoption of corporate governance as stated in fundamental principles of cooperative and Kings iv report, which stakeholders expected to significantly promote effective implementation of the corporate governance framework which was adopted by the Society in 2010, revise By-Laws and cascade revisions of the Cooperative Act number 20 of 1998. The research concluded that cooperatives should integrate the corporate governance framework which was adopted in 2010 to contemporary principles and prosper in promoting accountability, transparency, fairness/equity and appreciation of corporate governance in their operations. It was recommended that members should have a clearly defined rights and responsibilities, maintain separation of the Board and Management, should hold the board accountable for the performance of the Cooperative on behalf of general membership and foster the economic growth of the Cooperative. It was also recommended that members should ensure that corporate governance appreciation, policies and performance are in line with Corporate governance by refining the stated By-Laws of Cooperative. It was further recommended that cooperatives should provide statements on their annual reports disclosing the extent to which they have followed it during their operations and communicate with members in the course of developing strategies that respond to their needs