Thesis:

Strategic risk agility on the performance of edible oil manufacturing company at Pwani Oil Products Limited, Kenya

An organization’s capacity to foresee and address strategic risks pro-actively and flexibly is strategic risk agility. It entails seeing possible dangers and opportunities, evaluating how they could affect the organization, and swiftly adjusting and reacting to shifting conditions. Disruptive technologies, economic downturns, supply chain disruptions, and regulatory changes are a few examples of strategic risks that demand agility and flexibility to manage (Burnard & Tsinopoulos, 2018). This study primarily focused on the impact of strategic risk agility on the performance of edible oil manufacturing enterprises in Kenya. The study sought to ascertain the effects of strategic risk adaptation, strategic risk resilience, strategic risk innovation, and strategic risk cooperation on the effectiveness of edible oil producing enterprises, particularly focusing on Pwani Oil Products Limited. This research was anchored on four theories: Theory of Dynamic Capability, Entrepreneurship Innovation Theory, the Commitment Trust Theory, and the Contingency Theory. Positivism research methodology was used in this study, and a descriptive research design was adopted. The primary instrument for data collection in this study was a questionnaire. The target population was 380 employees from the edible oil manufacturing company, Pwani Oil Products Limited. The sample consisted of 30% of the target population, i.e. 115 respondents who assisted in filling in the research questionnaires. The reliability of the questionnaire was assessed by measuring its internal consistency using Cronbach's Alpha. The process of data collection involved the collection, purification, and coding of data before it is processed in the Statistical Package for Social Sciences (SPSS). The analysis encompassed various stages, including normality tests, tests for multicollinearity, and multiple regression models. Ethical considerations were upheld throughout the research process. Conclusion are that the ability to swiftly adjust production processes, adapt to changing market demands, and respond to unexpected disruptions can translate into improved financial performance. The study's outcomes underscore the importance of strategic risk innovation and collaboration in enhancing financial performance. it is evident that these factors are pivotal for success. Recommendations are that Pwani Oil Products Limited should invest in improving its strategic risk adaptability. This can be achieved through regular risk assessments, scenario planning, and flexible business strategies. The company needs to develop a culture that encourages employees to quickly adapt to changing market conditions and mitigate risks effectively Pwani Oil Products Limited should actively seek innovative approaches to address emerging risks and opportunities within the edible oil industry. Regularly assess and revise risk management practices to maintain their relevance and effectiveness. The government should invest in infrastructure and supply chain resilience. Improving transportation networks, storage facilities, and supply chain security can enhance the resilience of the edible oil industry and other sectors.