Analysis of factors affecting strategy implementation at Insurance Regulatory Authority
Abstract
The purpose of this study was to analyze factors affecting strategy implementation at
Insurance Regulatory Authority. The problem statement lead to the following question:
what factors influences strategy implementation at Insurance Regulatory Authority in
Kenya. The study conducted a census survey at Insurance Regulatory Authority, targeting
a total number of twenty five (25) managers both top and middle management who
represent 100% of the total population. The managers were representatives from all
departments in namely Corporate Communication, Policy, Research & Development,
Human capital development & administration , Information Communication and
technology, Finance, legal affairs, Internal audit/Risk management and Technical
department. The nature of data to be collected was quantitative and qualitative. The study
found that top management has a very high influence in the Strategic Implementation in
IRA. The research also confirmed that the organization structure influences the
implementation on strategy due to communication and bureaucracy. On the basis of the
foregoing the following recommendations were made, that there is need for to ensure that
strategy implementation is supported by the organization structure of the institution,
ensure that employees are conversant with their role in the process of strategy
implementation and continued feedback on the status of achievement of the strategic
objectives. In addition top management should endeavor to reconcile the organization
mandate, the resources available, stakeholder’s needs and employee’s needs for effective
and efficient implementation of strategy. The study was limited to IRA and a replication
of this study through comparative study using sample from other institutions in the
regulatory sector and other state corporations is recommended. This will provide an
overview of the factors influencing strategy implementation and an in-depth knowledge
base and shed more light on the study area. It is envisage that the result of this study
provides an understanding on the factors influencing strategic implementation and the
importance of understanding them in organization core business.
Citation
Master Of Business Administration, University Of Nairobi, 2013.Publisher
University of Nairobi School of Business