Factors contributing to poor performance of State Owned Enterprises: A case of TransNamib
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Date
2017
Journal Title
Journal ISSN
Volume Title
Publisher
University of Namibia
Abstract
Since 2011, the annual financial reports of TransNamib infonn the public about the
negative financial performance of the corporation. Therefore, the comprehensive tenacity
of this study was to investigate factors contributing to poor perfonnance of TransNamib.
In conducting this research three major subsequent questions were answered. (l)What are
the factors contributmg to poor performance of TransNamib (2) how are the factors
contributing to negative performance of TransNamib and (3) what strategies can be
implemented to mitigate the problem faced by TransNamib
A mixed method research design was used through the use of a close and open ended
questionnaires and an in depth face to face interview which was administered to 30
employees ofTransNamib. In- depth interviews were also conducted with 6 participants of
which two were from HR (Administration), two from Finance and other two from the
Public relations department.
The findings of the study showed that, there is deprived management and supervisory skills
in TransNamib. Insufficient and unmodemised resources are one of the major cause of
TransNamib catastrophe. Employees working conditions are not conducive, employees are
not motivated, and sometimes their salaries do not come on time. The study further
discovered that there are no staff developmental strategies at TransNamib. Poor
communication at TransNamib hampers effective communication among the employees,
poor stakeholder's engagement in the organisation, and that the organisation is failing to
attract qualified personnel as a result of poor working conditions are all revealed by the
study. The study also found out that TransNamib does not have proper monitoring and
evaluation tools to assess the production.
Lastly, the study recommended that TransNamib need to avail sufficient resources:
material, financial and qualified human resources. It also recommended that TransNamib
must set up proper monitoring and evaluation tools so that they can assess their
productivity. Proper communication protocol among employees should be set. Tt further
recommended that the organisation should consider staff developmental opportunities, for
employees to be equipped and enriched with necessary skills that will mcrease their
productive capacities in various jobs
Description
A research thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration in Finance
Keywords
Financial reports, TransNamib, Poor performance, University of Namibia, Namibia