Influence of Strategic Management Process on TransNzoia Teachers Sacco Performance
Keywords:
- Strategic Management, Trans-Nzoia Teachers, Descriptive ResearchAbstract
Strategic management is the decision process that aligns the organizations’ internal capacity with the
opportunities and threats it faces in the environment and is also an approach of specifying an organization’s objectives,
developing strategies to achieve objectives and allocating resources to implement the strategies. Strategic management can
be seen as a combination of strategy formulation, implementation and evaluation. Trans-Nzoia Teachers Sacco has
undertaken strategic management process since 2005 with the aim of positioning the Sacco in the ever changing competitive
business environment. No study has been done to a certain the effectiveness of the strategic management process on any
organization hence the purpose of this study was to establish the influence of strategic management process (comprising of
environmental factors, strategy formulation and strategy control and monitoring) on Trans-Nzoia Teachers Sacco
performance. The specific objectives of the study were to establish the influence of environment on Trans-Nzoia Teachers
Sacco performance, establish the influence of strategy formulation on Trans-Nzoia Teachers Sacco performance, and
establish the influence of strategy Control and monitoring on Trans-Nzoia Teachers Sacco performance. The study was
based on Trans-Nzoia Teachers Sacco, the theories reviewed were profit maximizing, Competition based, resource based,
survival based, contingency and system perspective theories. Descriptive research was carried out simple random sampling
method was used. The target population was 3452 consisting of the board, Members and employees of Trans-Nzoia Teachers
Sacco Society limited., stratified random sampling method was used to select the sample size of 44 ,. The questionnaires
were used to collect data from the respondents. Stepwise multiple regressions was used to analyze the data and identify
predictors of Sacco performance. The main findings of the study were that the research variables of environment, strategy
formulation and strategy control and monitoring had positive effect on Sacco performance and directly influence the Sacco
performance
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