The role of executive development in corporate strategy implementation: a comparative study of Kenya commercial bank ltd and national bank of Kenya ltd
Abstract
The objective of this study was to determine whether executive development enhances strategy
implementation. The research question was; does executive development play in organizational
strategy implementation? The research design for this research was a comparative study on the
role of executive development in strategy implementation at two Kenyan banks, Kenya
Commercial Bank Ltd (KCB) and National Bank of Kenya Ltd (NBK). This research was based
on creating arid testing new interpretations rather than in generalizations or making inferences.
The object of the case study under study was to locate the factors that account for the behaviour
patterns of the executive development in relation to corporate strategy implementation and in
general the entire organization. An in depth study of the role of executive development in KCB
and NBK has been done with a special emphasis on whether it facilitates strategy
implementation.
NBK and KCB both realize that well equipped executives confer competitive advantage to their
companies. They have invested in executive development in the belief that highly-qualified
managers will contribute to improving their competitive capabilities to achieve strategic goals.
Both are involved in the open enrolment executive programmes with local and international
Business Schools. They feel that the local Universities should be interacting more with their
customers so as to understand their strategic challenges and in turn offer the professionals real world
strategies that they can apply on the job. KCB has a better developed executive training
programme and has been successful in strategy implementation. NBK has not developed theirs
and there is little evidence of successful strategy implementation.
The researcher found that there is a correlation between the improved quality of its staff after
executive development and success in strategy implementation in the two banks studied.
Executive education programs should be a standard component of corporate training in the banks
and other organizations to ensure innovative and informed leadership that will successfully
overcome the challenges of strategy implementation.
Citation
Masters of business administrationSponsorhip
University of NairobiPublisher
school of Business, University of Nairobi