ABSTRACT
The purpose of this research was to investigate the effects of cost cutting measure on
financial performance using ZETDC as a case. The research objectives outlined the nature of
cost cutting techniques, how cost cutting affect financial performance and challenges faced in
the implementation of cost cutting. The descriptive survey research design was used and data
was gathered through the use of structured questionnaires and interviews and a total
population of 41 employees which included the top management, Accountants, HR and
internal auditors was sampled using convenience and purposive sampling. A case study
approach was undertaken using both qualitative and quantitative data hence the study is
therefore a mixed design approach. The research was designed in a way that allows both field
research and secondary sources to be used. Research instruments considered for the purposes
of this research are questionnaires which had 88% response rate and interviews which yielded
100% response rate. The data gathered was presented through histograms, bar graphs, pie
charts and tables. The data accumulated was analysed using descriptive statistics specifically
percentages and mode and rational conclusions were drawn from this. Upon data analysis, it
was revealed that ZETDC cost cutting measures positively affects the financial performance
in the long run but in the short run the financial woes will worsen before they improve. The
recommendations passed by the researcher included the improvement of current cost cutting
measures and continuation with the application of the cost cutting measures. The researcher
also recommended ZETDC to implement controls so as to make sure that all current cost
control procedures and policies are adhered to, budget formulation and introduction of
incentives and bonuses for meeting budgets and lastly renegotiating existing transfer prices in
contracts agreed with other subsidiaries of ZESA.
T, M (2021). Analysis Of The Effects Of Cost Cutting Measures On Financial Performance: A Case Of Zetdc. Afribary. Retrieved from https://tracking.afribary.com/works/analysis-of-the-effects-of-cost-cutting-measures-on-financial-performance-a-case-of-zetdc
T, MATONGO "Analysis Of The Effects Of Cost Cutting Measures On Financial Performance: A Case Of Zetdc" Afribary. Afribary, 03 May. 2021, https://tracking.afribary.com/works/analysis-of-the-effects-of-cost-cutting-measures-on-financial-performance-a-case-of-zetdc. Accessed 10 Nov. 2024.
T, MATONGO . "Analysis Of The Effects Of Cost Cutting Measures On Financial Performance: A Case Of Zetdc". Afribary, Afribary, 03 May. 2021. Web. 10 Nov. 2024. < https://tracking.afribary.com/works/analysis-of-the-effects-of-cost-cutting-measures-on-financial-performance-a-case-of-zetdc >.
T, MATONGO . "Analysis Of The Effects Of Cost Cutting Measures On Financial Performance: A Case Of Zetdc" Afribary (2021). Accessed November 10, 2024. https://tracking.afribary.com/works/analysis-of-the-effects-of-cost-cutting-measures-on-financial-performance-a-case-of-zetdc