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首页> 外文期刊>International Journal of Accounting, Finance and Risk Management >Successful Implementation of Turnaround Strategies in the Manufacturing Sector in Harare, Zimbabwe-Impediments and Challenges Faced
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Successful Implementation of Turnaround Strategies in the Manufacturing Sector in Harare, Zimbabwe-Impediments and Challenges Faced

机译：在哈拉雷，津巴布韦的制造业成功实施周转策略-面临的挑战和挑战

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The concept of turnaround strategy seeks to bring back profitability in a declining business. In Zimbabwe, ever since the government adopted multi-currency system industries have failed to realise any meaningful positive performance. The manufacturing sector was the most affected. It is against this background that the researchers sought to explore the extent of successful implementation of turnaround strategies in the manufacturing sector in Harare over the period 2009 to 2014 on back drop of impediments and challenges faced. The study employed triangulation approach design as it was found to be the most suitable. A stratified random sampling was used to select companies for the purposes of the study across the 14 sub-sectors of the manufacturing sector in Zimbabwe. A minimum of 2 respondents per company was selected. Data was collected using questionnaires which were administered physically and electronically. In-depth interviews were also conducted for chief executive officers and managing directors. The findings of the study were that companies in the manufacturing sector implemented turnaround strategies that were focussed on cutting down costs, with retrenchments yielding no positive results. Toxic organisational cultures, misaligned organisational structures, working capital constraints, old and dilapidated machinery, liquidity crisis, and choking government policies have been identified as major internal and external challenges affecting implementation of turnaround strategies. The study recommends that top management in the manufacturing industry should conduct concrete situational analysis in order to obtain in-depth understanding of the underlying problems facing their organisations. Competent management should also be put in place. The manufacturing companies are also recommended to engage services of turnaround specialists, establish strategic alliances, engage all stakeholders and also strive to seek cost competitiveness. The study further recommends that the government should take an active role in ensuring that an enabling environment has exist to allow firms in the manufacturing sector to recover from the economic decline.
机译：周转策略的概念旨在使业绩下滑的企业恢复盈利。在津巴布韦，自政府采用多币种系统以来，行业一直未能实现任何有意义的积极表现。制造业受到的影响最大。正是在这种背景下，研究人员试图探索哈雷地区制造业在2009年至2014年期间成功实施扭亏为盈战略的程度，原因是面临的障碍和挑战有所减少。该研究采用三角剖分法设计，因为它被认为是最合适的。为了进行研究，我们采用分层随机抽样的方法选择了津巴布韦制造业14个子行业中的公司。每个公司至少选择2位受访者。使用以物理和电子方式管理的调查表收集数据。还对首席执行官和董事总经理进行了深入采访。该研究的结果是，制造业公司实施了以降低成本为重点的周转策略，裁员没有产生积极的结果。有毒的组织文化，错位的组织结构，周转资金限制，陈旧且破旧的机器，流动性危机以及令人窒息的政府政策被认为是影响实施周转策略的主要内部和外部挑战。该研究建议制造业高层管理人员应进行具体的情况分析，以深入了解其组织所面临的潜在问题。主管管理也应到位。还建议制造公司聘请周转专家提供服务，建立战略联盟，与所有利益相关者建立联系，并努力寻求成本竞争力。该研究进一步建议，政府应在确保存在有利环境的过程中发挥积极作用，以使制造业企业能够从经济下滑中恢复过来。

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