Authors :
Geoffrey Makokha Odanga
Volume/Issue :
Volume 8 - 2023, Issue 1 - January
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3XMfedE
DOI :
https://doi.org/10.5281/zenodo.7588200
Abstract :
Small and big sugar companies are striving
towards achieving a competitive advantage over rivaling
companies in the sugar business market. The principles of
corporate governance; transparency, accountability,
responsiveness, equity and inclusiveness abound the
different processes and how every company handles its
competitive advantage in the sugar industry. Kenya’s sugar
industry performance has deteriorated from being the
largest sugar producer in the region, to an importer of the
same commodity. While there exist studies on the role of
corporate governance, the inadequate findings prompted
the study to further analyze the effects of accountability on
the competitive advantage of the sugar industry in Kenya.
Data was collected using questionnaire targeting 210
management staff of Mumias and Nzoia Sugar Companies.
The study established that corporate practices positively
affect competitive advantage at slightly above average
(43.2%). The findings indicated that accountability
significantly influenced service delivery at Mumias and
Nzoia factories. The study recommends that sugar factories
should work more in enhancing the corporate practices and
meeting the needs and desires of the stakeholders, citizens
included.
Small and big sugar companies are striving
towards achieving a competitive advantage over rivaling
companies in the sugar business market. The principles of
corporate governance; transparency, accountability,
responsiveness, equity and inclusiveness abound the
different processes and how every company handles its
competitive advantage in the sugar industry. Kenya’s sugar
industry performance has deteriorated from being the
largest sugar producer in the region, to an importer of the
same commodity. While there exist studies on the role of
corporate governance, the inadequate findings prompted
the study to further analyze the effects of accountability on
the competitive advantage of the sugar industry in Kenya.
Data was collected using questionnaire targeting 210
management staff of Mumias and Nzoia Sugar Companies.
The study established that corporate practices positively
affect competitive advantage at slightly above average
(43.2%). The findings indicated that accountability
significantly influenced service delivery at Mumias and
Nzoia factories. The study recommends that sugar factories
should work more in enhancing the corporate practices and
meeting the needs and desires of the stakeholders, citizens
included.
