Factors Affecting Financial Sustainability at the Uganda Red Cross Society
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This study examined the relationship between factors (organizational culture, leadership styles and stakeholder participation) and financial sustainability of URCS. The leadership style sub variable included delegation, commitment to networking and policy formulation; Organizational culture included long term planning and transparent governance while stakeholder participation included decision making process and information exchange. Cross sectional survey design was used. Quantitative and Qualitative approaches were also used to collect and analyze data. The findings showed that there was a positive significant relationship between financial sustainability, leadership style, organizational culture and stakeholder participation which is in agreement with Hargrave and Van de Ven (2006), who asserted that, the success of income diversification strategies largely depends on the ability of the institution‘s leadership to communicate effectively with the church community as well as with external stakeholders thus; the study concluded that, financial sustainability of URCS is dependent on leadership styles, organizational culture and stakeholder participation. The implication of these findings is that, improvement in leadership style, organizational culture and stakeholder participation will boost financial sustainability. The study therefore makes key recommendations for URCS to improve its leadership styles, organizational culture and stakeholder participation as these ensure an organization’s goals are reached by guaranteeing that an institution produces sufficient income to enable it continue for the unforeseeable future.