| dc.description.abstract | Strategic management is fundamentally about setting the underpinning auns of an organization, choosing the most appropriate goals towards those aims and fulfilling both over time In the strategy implementation. Whether a bank wins or loses in the marketplace, it is directly attributable to the calibers of a financial institution's strategy and the proficiency with which the strategy is implemented and executed. Implementing and executing strategy are thus the core management functions. This study investigated challenges facing strategies implementation at National Bank of Kenya.
The objectives of the study were to determine the factors that influence implementations of strategy at the National Bank of Kenya Limited to establish the challenges facing strategy implementation at the National Bank of Kenya Limited. For the purposes of this study, case study was adopted. The study used primary data which was collected using an interview guide. The interview guide had open-ended questions. The content analysis was used to analyze the respondents' views factors that influence implementation of strategy at the National Bank Kenya Limited and challenges facing strategic implementation at the bank.
The study concludes that technology development was a great challenges of strategy implementation due to it high cost of adoption of new technology, bureaucracy in bank making decision to take too long to be acted upon, original strategy plan poorly conceived, strategy implementation taking more time than planned, Unanticipated internal/external problems arising, poor coordination of activities, crises or competing activities diverted attention, assigned employees lacked necessary skills, assigned employees being inadequately trained, insufficient allocation of resources, uncontrollable external environmental factors, inadequate lower-level leadership and direction, poorly defined key tasks and activities and inadequate monitoring of activities and progress | en_US |
