Principles guiding corporate governance research

Corporate governance refers to the system of rules, practices and processes by which a company is directed and controlled and this explains why corporate governance research is important.

Corporate governance essentially involves balancing the interests of the many stakeholders in a company and these include its share holders, management, customers, suppliers, financiers, government and the community.

Corporate governance research is therefore very important in ensuing that the best policies are implemented so as to ensure that the interests of all the parties involved are catered for or considered.

Corporate Governance Research

It is also very important to note that since corporate governance provides the framework for attaining a company’s objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance and corporate disclosure.

Rules of corporate governance research

Ethics

One must ensure that they observe both the business ethics when conducting a corporate governance research. A clearly ethical basis to the business must be outlined.

Align business goals

These are appropriate goals, arrived at through the creation of a suitable stakeholder decision making model. Ensure that these business goals are therefore correctly aligned.

Strategic management

This is an effective strategy process which incorporates stakeholder value. It is very important and therefore it must not be ignored at any cost.

Organisation

An organisation should be suitably structured to effected good corporate governance. If it is suitably structured, it will be much easier to practice the best practices of corporate governance.

Reporting

Reporting systems are structured to provide transparency and accountability. This will help people to trust the organisation more. Remember it’s easier for an organisation to grow when people trust it than when they don’t.

The approach of corporate governance recognizes that the interests of different stakeholders carry different weight, but it does not by any means; suggest that those with major interest matter and the rest don’t. On the contrary, best corporate governance practice dictates that all stakeholders should be treated with equal concern and respect.

It is therefore very important that organisations truly respect the minority interests. This will help embrace liberty, equality and community, but at the same time aspire to produce the most powerful and effective result in the world.

In the resent years companies have been striving to have a high level of corporate governance. These days, it is not enough for a company to merely be profitable; it also needs to demonstrate good corporate citizenship through environmental awareness, ethical behaviour and sound corporate governance practices.

It is intended to increase the accountability of your company and to avoid massive disasters before they occur and that explains why it is very important for every business or company which really wants to grow.

Well executed corporate governance should therefore be similar to a police department’s internal affairs unit which weeds out and eliminates problems with extreme prejudice.

Corporate governance research is therefore a key factor in ensuring that your business grows and that there is equality and transparency in the business.

Importance economic empowerment in Kenya

Economic empowerment in Kenya was specifically introduced so as to help improve the lives of the Kenyan citizens due to lack of enough jobs.

Many people could not make a living and it is for that reason that the economic empowerment programs were introduced to help them not to resort into drugs or stealing.

The project was therefore aimed at empowering people socially and economically in the market oriented technical, entrepreneurial and managerial skills, building their confidence and empowering skills necessary to improve their access to productive resources and sustainable earning potential.

Economic empowerment in Kenya

The programs were also geared at ensuring that the youth and women are educated on the health risks that come with the use of drugs. Help them not to engage in unnecessary sexual behaviour which could lead to them contracting sexual y transmitted diseases and unwanted pregnancies and also to empower the women.

Benefits of economic empowerment in Kenya

A healthy nation

A nation with empowered citizens is a healthy nation both economically and socially. This way the country’s economy is able to grow knowing almost all the countries citizens are on board.

Prosperity

A nation which invests in its youth and young people and engages them in the building activities of the nation prospers. This way the youth will not feel left out in the countries development.

Empowered and skilled people

Empowering people economically will lead to having a nation with citizens who know what they want in life and who are also full of skills from different sectors. With this skills many are able to start their own businesses.

Entrepreneurship

With the skills taught in these empowerment programs many of them are able to learn entrepreneurial skills where by most of them are able to start their small businesses.

Employment

The issue of unemployment has been a major challenge as far as the youth are concerned. Empowering the youth will therefore lead to most of them starting their own businesses and thus being self employed instead of just relying on the government to give them employment. The young entrepreneurs would also employ other youths in their businesses and thus reducing the rate of unemployment.

National development

An empowered generation is able to contribute to the development of the nation by giving relevant contributions and resolutions to the issues affecting the country which will in turn help it to prosper.

People who are not empowered have a tendency of waiting and asking the government to help them because they are idle. Empowering them will therefore help them stand on their own and stop asking the government for help unnecessarily.

Resolve and advocate youth issues affecting the nation

A nation which empowers its citizens is able to solve issues affecting its people locally and internationally because they will be involved in the solving of the issues.

Economic empowerment in Kenya has therefore given many people in this country a new face whereby they have been empowered economically and are able to make a living and stand up for themselves. 

How to buy irrigation equipment for your garden

Using the wrong equipment for irrigation can lead to wastage of water and that is why it is very important that you buy irrigation equipment which suits your farming needs.

The most water efficient irrigation system is watering by hand. This is because it tends to use the least amount of water on landscapes. The only problem with this method of irrigation is that many at times people are not always available when the plants need watering.

 It is therefore important to note that different types of systems are more water efficient than others. Below are some of the major types of water efficient irrigation systems.

Buy irrigation equipment

How to buy irrigation equipment for your farm

Drip irrigation

This is a precise, slow, direct system of applying water to the soil. The environmental and water saving benefits of drip include decreased run off, evaporation, and overspray. Drip irrigation is often preferred where there are relatively few plants spread over a large area for example a few large bushes with a lot of open space between them, or where there are hard to water areas such as narrow planters. Remember that when installing drip irrigation, a device to lower the water pressure and a special filter to keep the system from clogging up must be included.

Stream rotor pop-ups

Stream rotors replaced traditional pop-up spray heads. Compared to traditional spray heads, stream rotors are fairly water conserving and only release about 25 percent of the water per minute; reducing evaporation and reducing runoff as well.

Stream rotors work well where there is need to water a lot of plants that have fairly short root systems, like many ground covers and bunch grasses.

Bubblers

Bubblers are a form of precise watering that deliver water deep into the soil- hence it is especially useful around plants that have deep roots such as trees. They are also very useful in certain planter boxes where traditional sprinklers will not work.

The best thing about bubblers is that they are durable, require little maintenance, require minimal filtration, they minimize overspray and evaporation and have an easily adjustable flow rate.

What to note

Water pressure

You need to check your available water pressure to ensure that you buy the right irrigation equipment that suits your home. Can do this by (1) contacting your local retail water purveyor and request a pressure reading, (2) check your pressure with a gauge (available at your local landscape supply store) at a hose bib. If your house happens to have a hose bib located on the water line before the line enters the house, test the pressure at that location as it will tell you the available pressure before water passes through the pressure regulator for the house.

It is important to identify your available water pressure so you can select equipment that is optimized for that operating pressure. 

Well if you are planning to buy irrigation equipment foryour farm it is important that you put in mind the factors discussed above to help you choose the right irrigation equipment that suits your farm needs.

How to improve engineering consultancy in Kenya

Engineering consultancy in Kenya plays a very major role in the Kenya economy because they are involved in the designing, construction, manufacturing and supervision/management to ensure quality of the finished product and performance monitoring.

The consulting engineer is therefore required to give his client advice and information on the quality, durability and the value of his money.

Engineering Consultancy in Kenya

Most clients have been engaging these consulting engineers to carry out auditing of ongoing projects or those that have been completed.

Consulting engineering services require a high degree of professionalism and failure to adhere to this could lead to very serious problems such as;

·         High maintenance and manufacturing/construction costs.

·         It could also lead to unsustainable products or projects.

·         It could lead to premature failure of products which could cause loss of lives and/ or investments.

Industry-focused solutions for engineering consultancy in Kenya

Deploy best-practice processes

At a time when every cent must be spent wisely and meticulously accounted for, it is critical that your engineering consultancy firms in Kenya have the right tools at hand. To sharpen this business, it is important that the relevant people deploy an enterprise solution uniquely designed for the industry.

 Their solution should have the laser focus they need to run the business according to the best practices of the industry.

Sharpen your business

Make sure that they invest in an industry-specific enterprise solution customized for engineering consultancy firms if they want to prepare the business for future growth and efficient workflows. Engineering consultancy firms therefore need a scalable, efficient and industry specific enterprise solution to strengthen the brainpower and creativity on which they were originally founded. That will provide these firms with the necessary laser focus to sharpen their businesses – now and in the future.

Know more, do more

 

The engineering consultancy industry is facing increasing pressures in areas like client and project profitability, cash flow efficiency, client demand for full transparency into every hour invoiced, and smooth integration of acquisitions. This requires a new level of control and up to-the-minute, fact-based decision-making. And this drives the need for engineers to deploy the best practice processes of the engineering industry – supported by information technology.

Key players in the engineering consultancy industry

For one to work as a consultant engineer she/he must be registered by the Kenya Engineers Registration Board in this category and this is only possible after one has fulfilled all the laid requirements on academic qualifications and experience. The consulting engineer is required to pay an annual fee to maintain his/her name in the register after the initial registration.

The consulting engineering is then free to form a consulting engineering firm either singly or jointly with others. Different sectors have different requirements and categories of registration and for that reason those firms who wish to offer services in the roads sector are required to apply to the Ministry of Roads (MoR), clearly demonstrating its past experience the capacity in terms of human and equipment resources.

Well as I have discussed above engineering consultancy in Kenya need to be given a priority it deserves so as to fore see all the constructions of buildings in the country.

How to improve budget hotels in Kenya

No one can deny the fact that budget hotels in Kenya have been growing ever since they came into the market.

They must however try and do even the impossible if they really want remain relevant in the hotel industry. Below are some of the things budget hotels needs to put in place in order to grow and increase their revenue.

Budget Hotels in Kenya

How budget hotels in Kenya can improve revenue

Make the guests feel at home

It doesn’t matter whether your guests are just staying for one night or for two weeks, you must always do your best to make them feel like they are at home. You can soften the decor by adding comfortable furniture, flowers and pictures on the wall.

Having a lobby and a breakfast area with comfortable seating areas makes your hotel feel more like a home and less like a sterile hospital room or non descript office. Remember when your hotel is warm and welcoming; people will always want to come back.

Differentiate your hotel from your competitors

As a hotel owner, give your guests a reason to choose your hotel over a hotel that is just two blocks away. You can do this on the basis of price, policy or service. So as not to lose the battle by dropping your room rates 25 percent below your competitor’s rates, you can have a policy whereby you are always at or near the lowest rate in town.

   

Make your employees happy

In any industry it’s very important that you strive to make your employees happy. It is therefore important that your employees project a friendly and outgoing attitude toward the customer.

If you make your employees happy by paying them fairly and recognizing them for their achievements, there is no doubt that they will want to be good ambassadors for your hotel. When your employees go above and beyond their official duties o help out a guest, it creates tremendous goodwill and can lead to repeat visits and good recommendations.

Interact with hotel guests personally

Guests will take notice when the person at the front desk calls them by their name. It also makes a difference to the guests if the manager takes the time to walk around the breakfast area and ask them if they are enjoying their stay. This shows that the guest is important and not just another face in the crowd.

Sell hotel branded products

You can make available for purchase branded hotel products like towels, linen and shampoos. This way the guests will feel connected to your hotel.

Be creative, proactive and productive

You do not have to do the same things each passing day. If a guest has an unusual problem, be creative to find a good solution and if you see something not quite right, be proactive and fix it before it leads to a complaint. It doesn’t matter if it is engaging a customer or sweeping the floor, a productive employee will help the hotel function more efficiently.

The above tips will help budget hotels in Kenya grow and compete well in hotel industry.