Challenges' facing K-rep bank in the implementation of strategic plans

Abstract

This study aims at establishing the challenges facing K-rep Bank in implementing their strategic plans and determine how K-rep Bank is managing the key factors in the implementation of their strategic plans. The target population of this study will be K-Rep Departmental heads drawn from the head office. The sample frame will be from K-Rep Bank and the names of the Departmental heads will be obtained from the Human Resources Department. Methods of data collection will involve primary data. Primary data will be collected from interview guides through one to one interviews with the Head of Departments at the head office. The interview guide used in this study will contain a mix of questions, allowing both open-ended and specific responses to a broad range of questions. The data analysis will be qualitative. The information will be listed and will be used to draw conclusions on the research questions in the study. The study is important to K-rep Bank and Micro Finance Institutions, whose managers would utilize it to ensure that they appreciate the challenges facing strategic Plans implementation and make them come up with ways of addressing them in the changing microfinance environment. The government will also benefit from' the findings of this study in that it will be in a better position to formulate proper policies and laws to regulate the operations of MFls in Kenya. Academia is also set to benefit from this study as it will contribute to the general body of knowledge and form a basis of further research into this area