Management, Social Sciences & Humanitieshttp://ir.kdu.ac.lk/handle/345/38482024-03-28T14:47:00Z2024-03-28T14:47:00ZCost Benefit Perspectives of Backward Vertical Integration: An Empirical Study on the Textile and Apparel Industry in Sri LankaGunathilake, MMLCDe Mel, WDHhttp://ir.kdu.ac.lk/handle/345/12772023-04-26T11:44:59Z2016-01-01T00:00:00ZCost Benefit Perspectives of Backward Vertical Integration: An Empirical Study on the Textile and Apparel Industry in Sri Lanka
Gunathilake, MMLC; De Mel, WDH
Textile and apparel industry occupies a prominent position in the industrial sector of Sri Lanka generating the largest export income. Sri Lankan apparel sector positions via ethical manufacturing and sound labour practices, connecting with various renowned global super brands. The industry as a whole has to face immense competition from other global giants from textile and apparel importers in order to retain its position and enhance the market share. Improved quality as well as reduced cost are main considerations in this regard for the Sri Lankan apparel sector emphasizing the need for strategic expansion. Greater export revenue along with considerable import expenditure pertaining to importation of raw materials such as yarn, fabric etc. for apparel manufacturing is a common phenomenon in Sri Lankan apparel sector leading to less value creation in economic terms. Accordingly, this paper would focus on the Cost Benefit Perspectives associated with backward vertical integration in the apparel industry. This study was conducted adopting a qualitative embedded secondary data review at initial stage and later carried out several interviews with the Industry Experts via semi-structured interviews using open ended questionnaires in order to gather primary data. The findings reveal that the Sri Lankan giant apparel manufacturers have stepped towards backward vertical integration via fabric manufacturing and establishing joint ventures for the purpose of cost minimization
2016-01-01T00:00:00ZFinancial Management Practices and Performance of Small and Medium Enterprises in Sri LankaTharindi, HGNRathnayaka, RMCLKhttp://ir.kdu.ac.lk/handle/345/12732023-04-26T11:02:49Z2016-01-01T00:00:00ZFinancial Management Practices and Performance of Small and Medium Enterprises in Sri Lanka
Tharindi, HGN; Rathnayaka, RMCLK
This research was conducted to recognize the relationship between financial management practices and performances of Small and Medium Enterprises (SMEs) in Sri Lanka. In order to support the findings of the research, the reasons for not using financial management practices by SMEs have been discovered in this study. The primary objective of this study is to identify the relationship between financial management practices and performance of SMEs in Sri Lanka. As the sample of the study eight SMEs have been selected in Colombo district. The sample was selected based on the convenience sampling method. Under the financial management practices, this study has considered financial audit, accounting information system, investment decision and working capital management. Primary data required for the study obtained through distributing questionnaire and conducting interviews with the owner managers of SMEs. Secondary data collected for the study by examining the financial statements and annual reports of the SMEs. In order to analyse the data and present the findings, Statistical Package for Social Science (SPSS) software has been used. Findings of the study states that, there is a positive relationship between financial management practices and performance of SMEs in Sri Lanka. All four concepts used in the study which are financial audit, investment decisions, accounting information system and working capital management positively influence the financial performance of the firm. Further the study has found reasons which limit the SMEs from using financial management practices and they are financial instability of the SMEs, lack of knowledge regarding accounting and financial practices and owners are not interested to undertake financial management practices since it is not a mandatory requirement by the law of the state to carry out financial management practices when operating the business. By considering the research findings, the researcher concludes that, financial management practices such as financial audit, investment decision, accounting information system and working capital management enhance the financial performance of SMEs in Sri Lanka
2016-01-01T00:00:00ZMarket Orientation and Financial Performance (An Empirical Study on Tea Exporters in Tea Export Industry in Sri LankaUdayang, H.K.http://ir.kdu.ac.lk/handle/345/12712023-04-26T11:19:43Z2016-01-01T00:00:00ZMarket Orientation and Financial Performance (An Empirical Study on Tea Exporters in Tea Export Industry in Sri Lanka
Udayang, H.K.
This study aims to examine the effect of market orientation on financial performance in relation to Sri Lanka Tea export industry. The problem of the study is “Is the variation of the Market Orientation (MO) reflected in the Financial Performance (FP) of the exporters in Sri Lankan Tea Export Industry?”. The objective of the study is to examine the reflection of market orientation on financial performance. Under methodology, this study follows deductive research approach. Research strategies are both primary (Survey by administering a formal questionnaire for 100 executives/managers in tea export companies) and in-depth interview for 5 industry specialists) and secondary sources to collect and gather data.The Rationale of selecting 100 executives and managers from 20 tea exporting companies is to represent largest tea exporters in the sample for collecting a wider, in-depth data and feedback from this sample.With the analysis of study findings, Literature survey shows the relationship between market orientation and organization performance under different context. According to formal survey, the study found that there is a reflection and relationship between market orientation and financial performance of tea export companies. Correlation coefficient is 0.556 and it shows the high positive relationship between the customer orientation and financial performance of tea exporters in Sri Lanka. Weak positive relationship was found between the competitor orientation, the interfunctional coordination and financial performance of tea export in Sri Lanka. In addition to this, with the analysis of overall impact of market orientation on financial performance, there is a moderate impact of market orientation on financial performance of tea exporting companies, Sri Lanka. This study found that main strategies of tea exporters in Sri Lanka are value addition, Brand development, product development, mutual agreements with the customers, packaging, product promotion, product innovation, quality improvement, cost reduction of tea, new products development, research& development iniaititves,product diffrenciation,Producer owned ethical tea brand,Nichi marketing, strategic partnership, fair trade concept of tea exporting etc. In addition to above,
it is concluded that customer has become the strategic factor in the business and formulation of customer oriented tea product is crucial for the business sustainability.
2016-01-01T00:00:00ZThe Buddhist Teachings on Good GovernanceVijitha, Moragaswewehttp://ir.kdu.ac.lk/handle/345/12652023-04-26T11:07:07Z2016-01-01T00:00:00ZThe Buddhist Teachings on Good Governance
Vijitha, Moragaswewe
This paper basically discusses the Buddhist notion on good governance and its relevance for current political system in Sri Lanka. Due to political imbalance and corruption in politics, the world has become confusion. It seems that the polluted political leadership has spread everywhere in Sri Lanka. Buddhism understands the politics as one of the constraints in society. But it does not escape from all the ties of mundane and secular living. The Buddhist canonical scriptures explain how the Buddha had encounters with the kings, ministers and rulers. The Buddha offered a number of sound principles relating to the good governance. Therefore, it is expected to revisit the importance of the Buddhist political teachings as a solution for the current political imbalance n the country. Buddhism encourages towards the ethical culmination into the political life. So that Buddhism is totally differentiated from the Kautilyan and Machiavellian political thoughts of governance. Buddhism introduces the concept of the Wheel Turning Monarch for good governance with the just and righteous principles (rājā cakkavattī dhammiko dhammarājā). He is understood as the culmination of morality in Buddhism. He is understood as the culmination of morality in Buddhism. The sutta-s like Aggañña, Chakkavattisīhanāda, Kūṭadanta, Mahāparinibbāna, Adhammika, Dhanañjāni and Middle Path speak of the concept of good governance in Buddhism. From the Buddhist perspective, the ruler is traditionally recognized as a Boddhisattva. He is said to be possessed the qualities like compassion, tolerance and gentleness. If the king is ethical, the whole country rests happily. Buddhism suggests that the corrupted governance brings bad consequences not for the entire social institution but for natural process.
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