Impact of organisation structure on financial perfomance
Case of Student Christian Organisation of Malawi
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Research Paper (postgraduate) from the year 2017 in the subject Economics - Finance, grade: 3.5/4, , language: English, abstract: The main research question in this study was; how is organization structure affecting financial performance of Student Christian Organization of Malawi? The Student Christian Organization of Malawi (SCOM) is an indigenous interdenominational Christian Organization committed to the evangelization, discipleship and training of and has been in existence for 55 years. The Organization consists of groups of Christian students in Secondary schools, colleges and universiti...
Research Paper (postgraduate) from the year 2017 in the subject Economics - Finance, grade: 3.5/4, , language: English, abstract: The main research question in this study was; how is organization structure affecting financial performance of Student Christian Organization of Malawi? The Student Christian Organization of Malawi (SCOM) is an indigenous interdenominational Christian Organization committed to the evangelization, discipleship and training of and has been in existence for 55 years. The Organization consists of groups of Christian students in Secondary schools, colleges and universities throughout Malawi and stakeholders. The mission of the Student Christian Organization of Malawi is dedicated to "building a well-coordinated and financially stable organization that is committed to the evangelism, discipleship and training of students and equipping them to live as witnesses of Jesus Christ on campus and beyond." However according to SCOM 2011-2016 SCOM is failing to reach number of students in Malawi because of lack of resources. Only a few schools are always reached which is making SCOM not to fulfil its aims on students. The organization is facing operational challenges which are contributing to its financial instability. According to 2017-2021 strategic plan some of the weaknesses indicated on SWOT analysis contributing for SCOM not to achieve its mission for years were indicated as follows; the organization is reactive and not proactive to issues. There is a Weak linkage within grassroots structures, Operates on a very weak and unstable financial base. Poor communication system within the ministry and with stakeholders, Lack of proper reinforcement of policy guidelines, Inconsistent in application of policy guidelines. SCOM is also faced with Weak monitoring and evaluation systems, Little or no motivation of associates and staff ,Weak staff and associate recruitment and retention strategies, Inconsistency in training and inducting new staff and associates, Inadequate discipleship of students and associates and emergence of factions due to decentralization. (SCOM strategic plan 2016-2020) If the organization continue to face these challenges SCOM mission to reach out to student will not be fulfilled hence the organization will liquidate its assets breaching out the going concern principle which suggest that an organization will operate for a foreseeable future. This challenges will only be averted with enough financial resources and financial stability.
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