| dc.description.abstract | Corporate restructuring is a stage in strategy implementation where organizational
managers attempt to recast their organizations, the organizational structure, leadership,
culture, and reward system may all be changed to ensure cost competitiveness and quality
demanded by the unique requirements of its strategies. Corporate restructuring is
therefore aimed at reorganizing the organization from its current state which is viewed to
be inefficient to one that is not only cost effective but also has a competitive advantage in
the industry. The study has examined the challenges that KCB Bank Group Ltd has been
facing in the implementation of the strategy of corporate restructuring, how these
challenges have been managed guided by the bank’s key restructuring aim. The research
was conducted on a case study research design focusing on KCB Bank Group that has
just completed its first phase of the restructuring implementation process. Data was
collected using a structured personal interview with the senior management members of
staff of the bank. The study has established that the implementation process has faced a
number of challenges which are not unique in the industry; these challenges are both
behavioral and systemic. However, these challenges have been managed and the bank
has used various measures inorder to manage these challenges. It can also be noted that
the bank is optimistic that she will break through these challenges and emerge successful
in realizing her key transformation goals which are to be a leaner and more efficient
organisation with the aim of increasing her profitability and growth both locally and in
the subsidiaries. On analyzing the data collected, it can be concluded that the bank so far
is on track but more emphasis is needed on the behavioral challenge management since
human beings in all organisations are the main cogs in the organizational production
process. The bank has heavily invested in a strong technology infrastructure which will
greatly support in the management of the systemic challenges. The researcher
recommends that more study requires to be carried out in this field of corporate
restructuring moreso at KCB Bank Group Ltd to establish whether the bank has realized
its dreams, how the organisation has been fairing in the implementation process, and
finally how different the organisation is from other organisations in the same industry and
the progresses made. | en |
