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. 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.
    3. 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.
    4. 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.
    5. 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).
    6. 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.
    7. Zhongju Liao, 2018. "Corporate culture, environmental innovation and financial performance," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1368-1375, December.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. Shaker A. Zahra & Anders P. Nielsen & William C. Bogner, 1999. "Corporate Entrepreneurship, Knowledge, and Competence Development," Entrepreneurship Theory and Practice, , vol. 23(3), pages 169-189, April.
    13. Laura Poppo & Keith Weigelt, 2000. "A Test of the Resource‐Based Model Using Baseball Free Agents," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 9(4), pages 585-614, December.
    14. Nisha Paul Kulangara & Markus Biehl & Edmund L. Prater, 2022. "Environmentally sustainable development initiatives in upstream strategic outsourcing relationships: Examining the role of innovative capabilities," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3014-3027, November.
    15. Sohaib S. Hassan & Konrad Meisner & Kevin Krause & Levan Bzhalava & Petra Moog, 2024. "Is digitalization a source of innovation? Exploring the role of digital diffusion in SME innovation performance," Small Business Economics, Springer, vol. 62(4), pages 1469-1491, April.
    16. Suherman & Florentinus Pambudi Widiatmaka & Fitri Kensiwi & Didik Dwi Suharso & Sukirno & Pranyoto & Susena Karona Cahya & Kundori & Haniek Listyorini & Sapto Supriyanto & Pranoto & Sukrisno, 2024. "Resilience in tourism-based SMEs driven by initiatives and strategies through share value relational capital viewed from a resource-based theory perspective," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-16, December.
    17. Martín-Rojas, Rodrigo & García-Morales, Victor J. & Garrido-Moreno, Aurora & Salmador-Sánchez, Maria Paz, 2021. "Social Media Use and the Challenge of Complexity: Evidence from the Technology Sector," Journal of Business Research, Elsevier, vol. 129(C), pages 621-640.
    18. Klaus Friesenbichler & Andreas Reinstaller, 2021. "Do Firms Facing Competitors from Emerging Markets Behave Differently? Evidence from Austrian Manufacturing Firms," WIFO Working Papers 625, WIFO.
    19. Wei-han Liu & Qian Long Kweh, 2022. "Reexamining nonlinear effects of intellectual capital on firm efficiency," Annals of Operations Research, Springer, vol. 315(2), pages 1319-1344, August.
    20. Soheila Raeisi & Meng Lingjie & Nur Suhaili Binti Ramli, 2019. "A Hierarchical Model of Mediation Effect of Motivation (MO) between Internal Marketing (IM) and Service Innovation (SI)," Administrative Sciences, MDPI, vol. 9(4), pages 1-26, November.

    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.