The effect of managerial competence on financial performance :

Abstract

The study investigated the effect of managerial competencies and financial performance sironko district, eastern Uganda. The study was induced by the managerial in competencies experienced in the local government leading to low performance. This study thus aimed at enhancing the understanding of the impact of managerial competencies on financial performance at the district. Objectives of the study were to determine the effect of management capacity on financial performance, to determine the effect of managerial acumen on financial performance, to determine the effect of domain knowledge on financial performance. Data was collected using a Questionnaire and an interview guide. The study revealed a strong positive correlation between managerial competence skills and financial performance. It also revealed a strong positive correlation between knowledge and financial performance. The study revealed a strong positive correlation between attitude and financial performance. The study concluded that there is a strong relationship between employee skills and financial performance. It also concluded that knowledgeable workers should be employed especially in the top level management. Again the study concluded that attitudes of workers improve financial performance. The study recommended that employee skills are needed in financial performance in the LGs. The study recommended that employee skills are needed in financial performance in the LGs. It also recommended that employees should be provided with relevant information and manuals in order to improve on the knowledge. Again the study recommended that employees should improve on the skills in order enhance financial performance in the LGs