Purpose -The purpose of this paper is to analyze the results of a survey that aims to explore and identify the European Union (EU) Development Cooperation project success factors and criteria and explain the relationship between the critical success factors (CSFs) and project success as perceived by the project managers and team members of the organizations participated in the survey. Design/methodology/approach -The research followed interpretive research philosophy, abductive approach, survey as a strategy, a cross-sectional time horizon and questionnaire as data collection instrument. It also employed exploratory design to identify CSFs and explanatory design to explain relationships between success factors and project success. Both primary and secondary data were used to gather data. Unstructured interviews were conducted with the project team members of EU delegation to Ethiopia, government organizations and NGOs while the secondary sources of data included extensive review of literature. Findings -Using principal component analysis the study identified a specific set of four CSFs for projects funded by EU: intellectual capital, sound project case, key manpower competency and effective stakeholder engagement. Moreover, the descriptive statistics of the survey highlighted five critical success variables: clear policy of donors and recipient government, strong local ownership of project, effective consultation during planning, high motivation and interest, and compatible rules and procedures. The study ranked relevance, impact, effectiveness, sustainability, and efficiency according to their level of importance by the participants of the survey. Research limitations/implications -The research is temporally, spatially, and contextually delimited to EU funded projects from the period 2010 to 2014 that are completed and still ongoing. Moreover, the current study focusses only on aid projects funded by EU in Ethiopia which might limit its generalizability into ID projects in developing countries funded by bodies other than EU such as World bank, United Nations and its different bodies, African Union, Japanese government to mention some. Social implications -The current study has clearly identified intellectual capital which covers social capital as the most important success factor for projects funded by EU in Ethiopia. Accordingly, the study underscored the importance of securing continuous support from all stakeholders and holding effective consultations of stakeholders during planning, implementation and closing phases of EU funded projects. Originality/value -The study identified new CSFs specific to projects funded by EU and the incompatibility in the perceived importance of project success criteria among different stakeholders implicating differences in the priority they set.
The frequent change of customers' needs and wants is bringing different challenges for manufacturing firms. As a result, mass customization as a production strategy has drawn attention from scholars in various fields. In an attempt to contribute to the existing stock of knowledge, this study investigated the effect of mass customization strategy on competitive strategy. In view of this four major mass customization strategies were considered: collaborative mass customization, adaptive mass customization, transparent mass customization & cosmetic mass customization to measure the effect of same on competitive strategy. A cross-sectional study with mixed research approach as well as a self-constructed ordered response questionnaire was used to collect data from 127 professional workers of the companies under study. Descriptive statistics and ordinal logistic regression model were used to analyze the results. The result showed negative effect of mass customization strategy on competitive strategy except for transparent mass customization which positively affected both cost leadership and differentiation strategies. The positive effect is stronger between transparent mass customization strategy and cost leadership strategy than between transparent mass customization strategy and differentiation strategy.
Recent theoretical arguments regarding financial institutions and capital market relationships signpost a paradigm shift from a superiority to interdependence. This study investigated the interplay between potential capital market development and bank performance in an emerging market context. To achieve its objective, the study used primary data collected through interviews with subject matter experts, consultants and seasoned leaders. The AHP and DEMATEL multi-criteria models were employed to establish a level of importance and interdependence relationships. AHP results in descending order indicate liquidity, capital adequacy, asset quality, profitability and efficiency as key performance indicators of banks in Ethiopia. The bank-market interdependence analysis projects market capitalisation, efficiency and asset quality as causes for the group and liquidity, trade volume and profitability as effects for the group. The study predicted competitive interdependence in future bank-market interplay in Ethiopia. Following the competition from the capital market, Ethiopian banks will have lower liquidity, improved service, and a higher interest rate structure. To mitigate a potential liquidity crunch, the study proposed lowering asset maturity periods and raising capital adequacy as plausible central bank policy measures.
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