dc.contributor.author | Njiraini, Njiinu A | |
dc.date.accessioned | 2013-03-16T10:06:48Z | |
dc.date.issued | 2012 | |
dc.identifier.citation | Masters in Business Administration | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/14250 | |
dc.description.abstract | Every bank is seeking to survive, grow and become profitable. However, this does not
come easy owing to competition, internal and external factors. A business must seek
to be unique and to have competitive advantage in order to grow and become
profitable. From this comes the need to know who you are, where you want to go and
how you will get there. This gives rise to the need to come up with a strategic plan
which will act as a guide. A strategic plan comes from strategic planning and needs to
be implemented for it to be effective. Success of a strategic plan depends on how well
it is implemented; thus how people perceive it and what they do to ensure it is a
success. Many companies have strategic plans that lie on the shelves without
implementation; hence the distinction between companies that are just in business and
companies that are making good returns. A company that implements its strategic
plan is more likely to achieve its objectives as opposed to one that does not implement
the strategic plan. The objective of this study was to determine the challenges of
strategic plan implementation at Bank of Africa Kenya Limited. The research used
primary data collection methods by interviewing senior management of the bank. The
research revealed that indeed there are a number of challenges in strategic plan
implementation. The research identifies and discusses the main challenges of strategic
plan implementation. The research also gives recommendations of how to
successfully implement a strategic plan and notes that communication, recognition of
people together with their involvement plays a major role in successful
implementation of the strategic plan. The research concludes by noting that people are
very important in strategic plan implementation and they need to be involved and
updated regularly on any developments for them to take ownership of the strategic
plan and to make it work. | en |
dc.description.sponsorship | The University of Nairobi | en |
dc.language.iso | en | en |
dc.subject | Bank of Africa Kenya Limited | en |
dc.title | The challenges of strategic plan Implementation at the Bank of Africa Kenya Limited | en |
dc.type | Thesis | en |
local.publisher | School of Business | en |