An Asset Management and Livelihood Sustainability: Comparative Study Between Traditional and Modern Asset Management System in Guji Communities of Oromia Regional State, Ethiopia

Abstract

Dawit Udessa Gede

This study examines the comparative impact of traditional and modern asset management practices on livelihood sustainability in the Guji communities of Oromia Regional State, Ethiopia. The research aims to explore the characteristics and components of asset management practices in the Guji communities, as well as their contributions to economic stability, social cohesion, environmental stewardship, and cultural preservation. The study employed a mixed-methods approach, including qualitative data collection through interviews, focus group discussions, as well as quantitative data collection through surveys questions. The study included a total of 384 participants from the Guji communities. Participants were selected through purposive sampling and represented diverse age groups, genders, and socioeconomic backgrounds, ensuring a comprehensive understanding of traditional and modern asset management practices within the community. The data analysis in this study involved a mixed-methods approach using thematic analysis to identify recurring themes and patterns for qualitative data collected through interviews and focus group discussions whereas, statistical analysis was employed for quantitative data to examine relationships, correlations, and trends within the data. The findings demonstrated that traditional asset management practices had significant merits in promoting livelihood sustainability in the Guji communities, particularly in terms of maintaining economic stability, social cohesion, environmental stewardship, and cultural preservation. The study highlighted the importance of recognizing and valuing traditional practices while also exploring opportunities for integrating select modern approaches to enhance asset management effectiveness and long-term well-being in the face of changing socio-economic and environmental conditions.

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