Strategic Management Practices and Sustainable Competitive Advantage in the Manufacturing Industries: Case of Inyange Industries Ltd, Rwanda
DOI:
https://doi.org/10.53819/81018102t2166Abstract
The objective of the study was to establish the effect of strategic management practices and sustainable competitive advantage and more specifically seeks to examine the effect of strategic planning practices, procurement management practices, corporate governance, and cost management practices on the performance. The study’s population were the 90 senior managers of Inyange. Descriptive research design, correlation analysis and multiple regression were used to assess the data using SPSS version 24. Findings revealed that Strategic Planning Practices has Positive strong correlation (0.839**and P value =0.00) with Sustainable Competitive Advantage. Strategic Procurement Management Practices has Positive moderate correlation with Sustainable Competitive Advantage (0.612 and P value =0.00) with Sustainable Competitive Advantage. This suggests that improved Strategic Procurement Management Practices help to improve Sustainable Competitive Advantage. Results of correlation analysis showed that Corporate Governance Practices has Positive strong correlation (0.773 and P value =0.00) with Sustainable Competitive Advantage of inyange industries. Results of correlation analysis showed that Strategic Cost Management Practices has Positive strong correlation (0.715 and P value =0.00) with Sustainable Competitive Advantage of inyange industries. The study concluded that there is significant and positive effect of Strategic Management Practices on the Sustainable Competitive Advantage of inyange industries. The study recommends that Inyange industries may emphasize in involving junior staff in the future planning of the company, as they are the future managers of the company.
Keywords: Strategic Planning Practice, Strategic Procurement Management Practices, Corporate Governance Practices and Strategic Cost Management Practices
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