Challenges facing the implementation of strategic change among commercial banks in Kenya

Abstract

The purpose of this study is to determine challenges facing the implementation of strategic change among commercial banks in Kenya. This study will cut across all Commercial Banks in Kenya and also establish whether commercial banks base their change strategies on the key challenges they face. This study is of importance to varIOUS stake holders of commercial banks and other organizations.

It has helped in management of challenges facing implementation of strategic change and how different firms can achieve competitive edge. The study has brought about the concept of change management in chapter two where the need and benefits of Strategic Change and challenges facing commercial banks today are leadership and change in management.

The research design used in this study is the explanatory research and descriptive in nature design to determine challenges facing the implementation of strategic change among commercial banks. The population of the study consists of all 47 commercial banks in Kenya. The collected data was analyzed by the use of Statistical Package for Social Sciences (SPSS) and the results presented by the use of charts and conclusion and recommendation made on challenges facing the implementation of strategic change among commercial banks.