Strategic planning practices and performance of state corporations in Kenya

Abstract

The main aim of the project report was to investigate on strategic planning practices and performance of state corporations in Kenya; where the findings from the study may particularly be useful in providing additional knowledge to existing and future organizations on strategic planning practices adopted to enable them remain competitive. The research design that was used in this study was descriptive cross sectional survey method, aimed at establishing the strategic planning practices and performance of State Corporation in Kenya. The target population of this study consisted of all the 125 state corporations. The study used stratified random sampling technique to select a sample of 50 corporations from a population of 125 State Corporation in Kenya. The study concluded that, majority of State Corporation, was actively involved in strategic planning and had a documented vision and mission statements. The study established that state corporations adopted a number of strategic planning practices that had a positive relationship with the performance of corporations; hence the implication of this study is that Strategic planning practices enhances better organizational performance, which in the long run has impact on its service delivery and survival. Strategic planning is an effective way of improving performance of Corporations; this has been the general perception in the strategic management literature to date. The study recommends that the management of corporations should seek to enhance their operating efficiency and quality of products or services in order to improve their performance.