Strategy implementation in balozi sacco society limited in kenya

Abstract

Strategic management can be defined as the set of decisions and actions resulting in formulation and implementation of strategies designed to achieve the objectives of an organization. Strategy implementation is one of the components of strategic management and refers to a set of decisions and actions that result in the formulation and implementation of long term plans designed to achieve organizational objectives (Pearce & Robinson, 2007). Though very key, strategy implementation is one of the most challenging aspects of strategic management in that it requires immense resources and also due to the nature of the environments under which organizations operate. The environment is highly turbulent and this affects strategy implementation in any particular organization. This study sought to determine the strategy implementation practices in Balozi SACCO and the factors affecting strategy implementation. Interviews were conducted with four senior managers in the SACCO using an interview guide. The data was analysed by use of content analysis technique. The findings from the study indicated that the strategy implementation practices in Balozi SACCO are linking of strategy implementation to strategy formulation, staff involvement, management commitment, training, preparation of implementation plan, regular strategy reviews and identification of risk factors. The factors affect strategy implementation are; leadership style, organizational structure, organizational culture, human resources, financial resources, regulatory framework and information technology.