Annual Report and Audited Financial Statements 2011 - The Kenya ...

I
am glad to present to you the Institute’s Annual Report.
This report reaffirms our strategic visionary thrust to
become a distinguished continental hub of excellence
in organizational and business management practices.
As a professional membership organization, we are driven
by our mission to steer and champion excellence, integrity
and competitiveness in individuals and organizations
throughout Africa and beyond.
I am pleased to report that during the period under review,
the Institute has registered tremendous growth in revenue
through prudent use of resources and innovativeness. Our
membership base has grown incredibly. This has been as
a result of reinventing our service excellence strategies to
consolidate our exceptional performance. In the same stride,
our students’ population continues to grow yearly. This
growth can be attributed to the efforts made in refurbishing
and relocating some of our branches to spacious and modern
premises. In addition, our computer labs have been up-scaled
and equipped to state of the art facilities countrywide. Last
year, the Institute achieved Kshs. 1billion turnover. This was
a 10% growth in turnover against an economic background
of high inflation, high interest rates and economic crunch.
In the same year, the Institute was ranked as the top
business school in the country according to the study
conducted by Webometrics, a Spanish research firm.
Webometrics is an independent public research organization
that aims at promoting the web presence of business
schools and MBA granting institutions worldwide. Web
presence measures the activity and visibility of institutions
and reflects the commitment of institutions to standards
in dissemination of knowledge. The ranking summarizes
the global performance of the schools and provides useful
information for candidate students and scholars. This was
not a mean achievement.
Our staff remains dedicated and committed to our vision
and mission. We have put mechanisms in place to create
good working environment. Enhanced staff welfare and
training is a strategy that has enabled us to attract and retain
some of the best and brightest brains in the industry.
We continue to seek and build strategic alliances with
like-minded individuals and organizations in our pursuit
to positioning the Institute as a hub of excellence. To
achieve this, we strive to enrich our product offering. We
have introduced new programmes, including Institutional
Governance and Leadership Excellence programme, Women
in Governance, Monitoring and Evaluation, Health and
Safety, the Six Sigma and Kaizen Programmes which will be
launched in the current year.
Our Business Intelligence and Research Unit has played a
key role in informing new product development and product
improvement through feasibility studies, new product
research, market analysis and tracking services. Besides
this, the Unit has achieved major outstanding milestones
in the area of research. A number of research activities have
been carried out and findings published. These include, the
Tristat report, Perception of Women in Leadership Positions
CEO’s Report
in Kenya and KIM
Alumni traceability
survey.
The membership
services have been
revamped to include
the Continuous
Professional
Development
(CPD) activities
geared towards
enhancing members’
participation and development. These activities include
trainings, networking and monthly management forums.
The OPI tool has continued to attract interest among
Kenyan organizations and in the region. The tool was
introduced in Rwanda and was well received. The OPI in
partnership with the German Development Cooperation
(GIZ) under a Public Private Partnership implemented the
OPI model in 30 companies in Rwanda. A gala night was held
in November last year to celebrate the winners.
I am pleased to report that the Institute was awarded a
four year contract by KEPSA to train approximately 16,000
youth on life skills. KEPSA was identified by the World Bank
to champion Kenya Youth Empowerment Project (KYEP).
The programme saw youths participate in internships and
mentorship programmes. In the same vein, the Institute
signed up the second phase of the JITIHADA project as
the lead consultants. JITIHADA Business Plan Competition
is a national initiative of the Micro Small and Medium
Enterprises (MSME) Competitiveness Project of the Ministry
of Industrialization.
We reviewed our strategic plan rolling over for a period of
five years, 2012-2016. The review process was also informed
by the Organizational Performance Index report and the risk
management framework that KIM took part in. The Institute
underwent an intensive exercise to identify core risks
exposures that could affect its operations. This is in addition
to the fact that the Institute is ISO registered in compliance
with the ISO 9001: 2008 Standards. We further underwent a
surveillance audit to keep us in check and are now living the
ISO spirit.
Our commitment to good corporate governance and
corporate social responsibility has remained solid. In the
period under review, we gave back in numerous ways to
the society. These activities have continued to make visible
positive impacts on the wellbeing of our Members and
stakeholders.
Lastly, I want to recognize the Members, the Council,
Management and staff of the Institute for their continued
guidance and support in what has again been another
successful year, and request that these be sustained.
David Muturi
Chief Executive Officer
Annual Report and Audited Financial Statements 2011 13