Title: ASSESSING THE IMPACT OF FINANCIAL MANAGEMENT STRATEGIES ON PROFITABILITY OF INTERNATIONAL SCHOOLS: A CASE STUDY OF THE INTERNATIONAL SCHOOL OF ZANZIBAR

Authors: Mwajuma Omar Suleiman, Khatib M. Mkuu and Ahmed Ramadhan

Abstract: This study examined the impact of financial management strategies on the profitability of the International School of Zanzibar (ISZ). It specifically analyzed how cost management, revenue management, and financial technology influenced the school’s financial performance. A mixed-methods approach was employed, combining quantitative data from 42 respondents through questionnaires with qualitative insights from document reviews. Quantitative analysis utilized descriptive statistics, correlation, multiple regression, and ANOVA, while thematic analysis supported the qualitative findings. The results showed that cost management, revenue management and financial technologies had positive relationships with profitability, with revenue management demonstrating a significant effect (p = 0.013). This indicated that effective fee collection, income diversification, and flexible pricing were the strongest determinants of profitability. Cost management and financial technology exhibited positive but insignificant effects, suggesting that their benefits were constrained by high operational costs and limited staff capacity. The study concluded that revenue management was the key driver of financial sustainability, while cost management and financial technology played complementary roles. It recommended that ISZ diversify revenue sources, strengthen cost control systems, enhance staff training in financial technology, and adopt data-driven planning to improve profitability and long-term resilience in small island economies.

Keywords: Financial Management, Profitability, Revenue Management, Cost Management, Financial Technology, International School, Zanzibar.

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