TITLE:
Managerial Skills, Financial Capability and Strategic Planning in Organizations
AUTHORS:
Vincent Bagire, Juliana Namada
KEYWORDS:
Strategy; Managerial Skills; Strategic Planning; Financial Capability; Environment
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.3 No.5,
August
20,
2013
ABSTRACT:
This study sought to establish the relationship between managerial
skills, financial capability and the level of strategic planning. The study was
premised on the increasing focus on strategic planning in Ugandan
organizations. There was however, a lack of
local empirical studies on the factors driving this trend. Data were obtained from organizations in various sectors that included government
institutions, private and family business organizations. The findings confirmed
that organizations were involved in
significant level of strategic planning. There was a positive and significant
relationship with managerial skills. However, there was a very weak relationship with the financial capability. The implication of the
findings for management was to give
more attention to managerial skills to ensure congruence of operations.