Abstract
The study set out to address the effect of poor long term financial performance of athletes in Elgeyo Marakwet County. The purpose of the study was to assess effect of investment skills on long term financial performance of Kenyan athletes of Elgeyo Marakwet County, Kenya. The objective was to establish levels of influence of investment skills on long term financial performance of athletes. The study was carried out in Elgeyo Marakwet County which is one of the 47 Counties of Kenya. In regard to establishing levels of influence of investment skills on long term financial performance of athletes in Elgeyo Marakwet County, the study established that 63% did not have savings accounts, thus revealing a poor saving culture against those who had savings accounts at 37% respectively. The study also revealed that majority of the respondents at 62% did not have retirement accounts against only 38% who had retirement accounts. The government, both County and National should ensure favorable policy based conditions and regulations to ensure athletes invest locally for posterity and sustainability. Furthermore, the government should encourage investment advisory extension services across the community.
Highlights
According to Vlados (2004) and the argument put forward in the present study, every socioeconomic organism articulates its action as a co-evolution and co-determination result of three structural spheres that co-exist in its interior: strategy, technology, and management
As we presented in the introduction, a model of evolutionary nature, which focuses on the historical shaping of the action of socioeconomic actors by using biological analogies, is the Stra.Tech.Man approach (Vlados, 2004)
We attempted in this article to study the theoretical foundations of evolutionary economics, the subsequent structuration of the evolutionary theory of the firm and, in the end, to present an analytical counter-proposal based on the Stra.Tech.Man approach of the firm
Summary
According to Vlados (2004) and the argument put forward in the present study, every socioeconomic organism articulates its action as a co-evolution and co-determination result of three structural spheres that co-exist in its interior: strategy, technology, and management. In a similar methodological concern, Vlados (2004) argues that strategy, technology, and management of every species of socioeconomic organisms –drawing both from the “biological analogies” in economics and the strategic management theories (Ansoff, 2007)– constitute the three fundamental and co-evolving spheres that define the organism’s corresponding innovative potential. He argues that every socioeconomic organism answers – explicitly or implicitly– three fundamental questions: Strategy: where is the organism where is its desired destination, how will it go there, and why does it choose the particular path each time?
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