Total Quality Management and Organizational Performance of Deposit Taking Micro Finance Institutions in Nyandarua County, Kenya

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dc.contributor.advisorPaul Waithakaen_US
dc.contributor.authorWanjogu, Beatrice Wamaitha
dc.date.accessioned2022-04-01T08:02:08Z
dc.date.available2022-04-01T08:02:08Z
dc.date.issued2021
dc.descriptionA Research Project Submitted to the School of Business in Partial Fulfilment of the Requirements for the Award of the Degree of Master of Business Administration (Strategic Management) of Kenyatta University, April, 2021en_US
dc.description.abstractIn Kenya, micro finance institutions have continued to grow though most of them continue to face serious financial difficulties and poor performance. The micro finance institutions have barely been able to grow the customer base and have faced stiff competition from other players in the financial sector. The firms have experienced internal inefficiencies in customer focus as the financial sector transforms powered by innovations with a change customer demand. While studies indicate that total quality management is important for businesses, there still exists a dearth of information on its effect on the organizational performance of deposit taking microfinance institutions in Nyandarua County. This study was interested in determining the effect of total quality management on performance of micro finance institutions in Nyandarua County, Kenya. The specific objectives was to determine the effect of management commitment on performance of micro finance institutions, to establish the effect of customer focus on performance of micro finance institutions, to establish the effect of employee engagement on performance of micro finance institutions and to determine the effect of continuous improvement on performance of micro finance institutions. The main underpinning theories were; Deming’s quality improvement theory, Crosby theory and Juran’s quality theory. Literature review was conducted to enhance conceptualization of the study variables. The study adopted a descriptive survey research design. The target population comprised 86 managers of 11 micro finance institutions in Nyandarua County, Kenya. A census approach was adopted. Primary data was collected through semi structured questionnaire and administered through the drop and pick method. Secondary data was extracted from the managements and financial reports and corporate handbooks. The research instruments were tested for validity through pre-testing and seeking expert opinion. Reliability was evaluated by application of Chronbach’s alpha reliability test. The data analysis procedure used both descriptive and inferential analysis. The descriptive statistics consisted of means and standard deviations while inferential statistics comprised of Analysis of variance, multiple regression and Pearson correlation models. Basic ethical considerations in research were adhered to. The study findings indicate that all the four Total Quality Managements practices (management commitment, customer focus, employee engagement and continuous improvement) affected the performance of micro finance institutions in Nyandarua County. Continuous improvement had a significant effect on the micro finance institutions performance. However, the effect of management commitment, customer focus and employee engagement on micro finance institution performance were lowly rated. The study thus concluded that among the Total Quality Management practices under considerations, continuous improvement had the most significant effect on the performance of the micro finance institutions in Nyandarua County. The study recommended that the micro finance institutions should re-evaluate the policies for quality improvements to ensure that management is fully supported to influence desired total quality. Clear guidelines on quality goals achievement should be fully disseminated to the managers to ensure that the right strategies are adopted and implementeden_US
dc.description.sponsorshipKenyatta Universityen_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23463
dc.language.isoenen_US
dc.publisherKenyatta Universityen_US
dc.subjectTotal Quality Managementen_US
dc.subjectOrganizational Performanceen_US
dc.subjectDeposit Takingen_US
dc.subjectMicro Finance Institutionsen_US
dc.subjectNyandarua Countyen_US
dc.subjectKenyaen_US
dc.titleTotal Quality Management and Organizational Performance of Deposit Taking Micro Finance Institutions in Nyandarua County, Kenyaen_US
dc.typeThesisen_US
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