IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v4y2020i8p763-776.html
   My bibliography  Save this article

The Challenges of Asset Management in Institutions of Higher Education in Masvingo Province, Zimbabwe

Author

Listed:
  • Mudyazhezha Eddine Edson

    (Part Time Lecturer, Great Zimbabwe University, Department on Management Studies)

  • Mudyazhezha Olivia Constance

    (Lecturer, Midlands State University, Department of Geography and Environmental Studies)

  • Pujiati

    (Faculty of Teacher Training and Education, University of Lampung, Indonesia)

Abstract

This study focused on asset management in Institutions of Higher learning in Masvingo Province in Zimbabwe. The study was motivated by the fact that there is improper asset management in higher educational institutions in Zimbabwe. The study was to establish the types of assets (human, financial, facilities) required by Institutions of Higher Education in Zimbabwe in Masvingo Province. The second research objective was to assess the extent of the inadequacy of assets at the Institutions. The third research objective was to assess the current strategies for asset management at these Institutions. The fourth research objective was to isolate the challenges faced in asset management and the last research objective was to propose options for ensuring effective management and the adequacy of required assets at Institutions of Higher learning in Masvingo Province, Zimbabwe. The study used mixed methods and there was both quantitative and qualitative data. The research was centred on Institutions of Higher learning in Masvingo Province, Zimbabwe. The population was made up of 3200 academic and non-academic staff in Institutions of Higher learning in Masvingo Province and 8 Zimbabwe Congress of Students Union (ZICOSU) executive members, and 10 Zimbabwe National Student Union (ZINASU) executive members. There was use of simple stratified random sampling technique when selecting participants from the academic and non-academic staff in Institutions of Higher learning. There was use of ‘fish bowl’ method to select 10 non-academic staff members and 36 academic staff members. The study also sought the opinions of key stakeholders such as the Zimbabwe Congress of Students Union (ZICOSU) and Zimbabwe National Student Union (ZINASU). There was use of questionnaires and interviews to collect data for this study. Quantitative data analysis was conducted through use of the Statistical Package for Social Sciences (SPSS) while qualitative data was analysed using thematic analysis. The study found out that assets like financial resources, furniture, and ICT hardware and software were said to be highly significant. Most of the assets that are required by Institutions of Higher learning were inadequate. There were financial resource, human resource, technology, and facilities plans. The research showed that Masvingo Polytechnic College has adequate structures for asset management. Financial resources were a major challenge affecting asset management at Masvingo Polytechnic College. The study concluded that there was inadequacy of the required assets and it was recommended that these institutions could engage in income generating projects, for example agriculture, to finance asset acquisition. Partnerships with private companies, which could provide assets like student accommodation can also be explored. There was a need to fully embrace the concept of results based management in asset management.

Suggested Citation

  • Mudyazhezha Eddine Edson & Mudyazhezha Olivia Constance & Pujiati, 2020. "The Challenges of Asset Management in Institutions of Higher Education in Masvingo Province, Zimbabwe," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(8), pages 763-776, August.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:8:p:763-776
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-4-issue-8/763-776.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/virtual-library/papers/the-challenges-of-asset-management-in-institutions-of-higher-education-in-masvingo-province-zimbabwe/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Birger Wernerfelt, 1995. "The resource‐based view of the firm: Ten years after," Strategic Management Journal, Wiley Blackwell, vol. 16(3), pages 171-174.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luis Araya-Castillo & Felipe Hernández-Perlines & Hugo Moraga & Antonio Ariza-Montes, 2021. "Scientometric Analysis of Research on Socioemotional Wealth," Sustainability, MDPI, vol. 13(7), pages 1-26, March.
    2. Munjal, Surender & Requejo, Ignacio & Kundu, Sumit K., 2019. "Offshore outsourcing and firm performance: Moderating effects of size, growth and slack resources," Journal of Business Research, Elsevier, vol. 103(C), pages 484-494.
    3. Andy Gouldson & Rory Sullivan, 2014. "Understanding the Governance of Corporations: An Examination of the Factors Shaping UK Supermarket Strategies on Climate Change," Environment and Planning A, , vol. 46(12), pages 2972-2990, December.
    4. Behl, Abhishek & Jayawardena, Nirma & Ishizaka, Alessio & Gupta, Manish & Shankar, Amit, 2022. "Gamification and gigification: A multidimensional theoretical approach," Journal of Business Research, Elsevier, vol. 139(C), pages 1378-1393.
    5. Xiaonan Li & Chang Song, 2021. "Does the target market affect bank performance? Evidence from the geographic diversification of city commercial banks in China," Frontiers of Business Research in China, Springer, vol. 15(1), pages 1-25, December.
    6. Harsh W. Mishra, 2012. "Book Review: Catherine A. Maritan and Margaret A. Peteraf (Eds), Competitive Strategy, Vols I and II," Vision, , vol. 16(3), pages 222-226, September.
    7. Patrizia Pastore & Antonio Ricciardi & Silvia Tommaso, 2020. "Contractual networks: an organizational model to reduce the competitive disadvantage of small and medium enterprises (SMEs) in Europe’s less developed regions. A survey in southern Italy," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1503-1535, December.
    8. Noordewier, Thomas G. & Lucas, Marilyn T., 2020. "On being green and profitable: Does industry context matter?," International Journal of Production Economics, Elsevier, vol. 223(C).
    9. Goumagias, Nikolaos & Fernandes, Kiran Jude & Nucciarelli, Alberto & Li, Feng, 2022. "How to overcome path dependency through resource reconfiguration," Journal of Business Research, Elsevier, vol. 145(C), pages 78-91.
    10. Graciela Corral de Zubielqui & Noel Lindsay & Wendy Lindsay & Janice Jones, 2019. "Knowledge quality, innovation and firm performance: a study of knowledge transfer in SMEs," Small Business Economics, Springer, vol. 53(1), pages 145-164, June.
    11. Zhongju Liao, 2018. "Corporate culture, environmental innovation and financial performance," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1368-1375, December.
    12. Walid Ben‐Amar & Claude Francoeur & Sylvain Marsat & Aida Sijamic Wahid, 2021. "How do firms achieve corporate social performance? An integrated perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(3), pages 1078-1090, May.
    13. Lee, Cheng-Yu & Wang, Ming-Chao & Huang, Yen-Chih, 2015. "The double-edged sword of technological diversity in R&D alliances: Network position and learning speed as moderators," European Management Journal, Elsevier, vol. 33(6), pages 450-461.
    14. Nadia Zahoor & Yong Kyu Lew, 2022. "Sustaining superior international performance: Strategic orientations and dynamic capability of environmentally concerned small‐ and medium‐sized enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 1002-1017, March.
    15. Nayak, Bishwajit & Bhattacharyya, Som Sekhar & Krishnamoorthy, Bala, 2021. "Explicating the role of emerging technologies and firm capabilities towards attainment of competitive advantage in health insurance service firms," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    16. Fernandes, Kiran Jude & Milewski, Simon & Chaudhuri, Atanu & Xiong, Yu, 2022. "Contextualising the role of external partnerships to innovate the core and enabling processes of an organisation: A resource and knowledge-based view," Journal of Business Research, Elsevier, vol. 144(C), pages 146-162.
    17. Anne Bartel-Radic & Robert Paturel, 2006. "L'apprentissage organisationnel de la compétence interculturelle," Post-Print hal-03566048, HAL.
    18. Gerstlberger, Wolfgang & Kreuzkamp, Michael & Kiesel, Yvonne, 2008. "Zur Bedeutung eines zertifizierten Managementsystems bei der Umsetzung der MaRisk unter Innovationsaspekten," ZögU - Zeitschrift für öffentliche und gemeinwirtschaftliche Unternehmen, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 31(2), pages 134-151.
    19. Fabio Montobbio & Ilaria Solito, 2018. "Does the Eco‐Management and Audit Scheme Foster Innovation in European Firms?," Business Strategy and the Environment, Wiley Blackwell, vol. 27(1), pages 82-99, January.
    20. Chi Zhang & Qingjun Zeng & Charles Chen & Stavros Sindakis & Sakshi Aggarwal & Nipun Dhaulta, 2023. "The Strategic Resources and Competitive Performance of Family-Owned and Non-Family-Owned Firms in the Retail Business of Los Angeles," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 327-355, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:4:y:2020:i:8:p:763-776. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.