Vol 6, No 2

Table of Contents


Effect of Foreign Exchange Rates on Price per Share PDF
Fredrick S. Odoyo, Raymond Muasya, Kipyego T. Kenneth
The aim of this research was to examine the interaction between stock prices and exchange rates in Kenya with regards to the period from January 1st 2012 to December 31st 2013. The findings have implications for investors, investment managers, regulators, listed companies, financial institutions and other market players. The economic theory points to the relationship between stock price and exchange rates but does not properly define the direction of the relationship. This research used the Pearson product-moment correlation coefficient method to determine the degree of correlation between stock prices and exchange rates. The results indicated that there was a positive relationship between exchange rates and share prices. The analyzed data was presented in the form of statistical charts, graphs, frequency tables and percentages.

The Relationship between Thought Leadership and Innovation: A Look at Strategy PDF
Hanan Alhaddi
Strategy is the creation of a unique and valuable position that involves making tradeoffs and executing activities differently than rivals. As a primarily organizational challenge, the development and reestablishing of strategies is a leadership function.  This creates an inseparable connection between strategy and leadership.  In its traditional form, leadership style can vary from charismatic to altruistic and transformational.  Different leadership styles are more effective than others based on the strategic "space".  Innovation (the creation of new ideas), in particular, mandates an additional form of leadership: Thought Leadership; the championing of new ideas.  A critical element to the success of the organization, innovation is becoming a strategic priority and core value to companies.  Based on the power of ideas to transform our way of thinking, a strong tie is established between innovation and thought leadership.  Therefore, the duo becomes a differentiator that enables organizations to achieve their strategic position in a competitive environment.  In light of that, this paper suggests the importance of thought leadership in developing strategies geared toward innovation. Therefore, this work addresses leaders and strategic managers of reasoning to ensure the presence of thought leadership capacity if they are to succeed in developing effective strategies for innovation.

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