Abstract: The aim of the study was to investigate the influence of strategic practices on the performance of deposit taking SACCOs in Nairobi City County. It sought to achieve four specific objectives; first to determine the influence of environmental scanning on the performance of deposit taking SACCOs second, to assess the effect of strategy formulation on performance of deposit taking SACCOs; third, to assess the influence of strategy implementation on performance of deposit taking SACCOs and lastly, to establish the influence of strategy evaluation and monitoring on performance of deposit taking SACCOs. This study employed descriptive research methodology. There were a total of 820 members of staff from which a sample of 246 respondents was selected comprising of Senior Management Team, Middle Management and Lower-level Management. The study used stratified random sampling technique and a structured questionnaire was used for data collection. The questionnaires was administered to the respondents through the drop and the pick method and once collected the data will be analyzed using both descriptive and inferential statistics. Statistical Package for Social Science (SPSS) version 26.0 was used to perform correlation analysis to establish the degree of relationship between respondents' opinion on the four research objectives and the performance of deposit taking SACCOs. Analyzed data were presented descriptively in the form of tables. Findings on the first objective revealed that the influence of environmental scanning was found to have a beta coefficient of (r=0.407), the second objective revealed that the effect of strategy formulation was found to be at (r=0.499). For the third objective the impact of strategy implementation on organizational performance was estimated to be at (r=0.304) but had insignificant influence. Analysis of the final goal estimated to have (r=-0.354) to the effect of strategy evaluation on organizational performance to be. These findings were majorly consistent with most previous studies. It was concluded that strategy formulation practices at deposit taking SACCOs were not up to expectations and there is much to be done in this regard to facilitate the enhancement of organizational performance. It was also concluded that strategy implementation strategies were not of any significance to the performance. The study equally found that strategy evaluation had a significant effect on organizational performance but needed to be substantially improved for it to make an impact at deposit taking SACCOs in Nairobi County. Recommendations suggested the inclusion of more operational members in strategy formulation, the adoption of a more objective formula in resource allocation, and preempting terminal underperformance through rigorous formative evaluations
Keywords: environmental scanning, strategy formulation, Strategy Implementation, Strategy Evaluation And Monitoring, Performance.
Title: INFLUENCE OF STRATEGIC MANAGEMENT PRACTICES ON PERFORMANCE OF DEPOSIT TAKING SACCOS IN NAIROBI CITY COUNTY
Author: Mary H. A. Otieno, Dr. Geofrey Makau
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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