Strategic planning in cooperative societies in Nairobi
Abstract
One of the tools of transformation of society are people owned institutions in the
country. Co-operatives are real agents of transformation because they are problem
solving people owned organizations. The objective of this study was to establish the
extent of strategic planning and implementation in co-operative societies in Nairobi.
Research design refers to the way the study is designed, that is the method used to
carry out the research. The Study targeted 98 Cooperative Societies in Nairobi
registered under the Sacco Society Regulatory Authority. The sampling method
chosen for this study was purposive sampling which is a form of non-probability
sampling to select 20 cooperative societies based in Nairobi. The structured and
unstructured questionnaire instruments were used to collect the primary data.
Descriptive statistics such as means, standard deviation and frequency distribution
were used to analyze quantitative data. Content analysis is a research method that is
applied to responses given to open –ended questions in order to code those answers
into a meaningful set of categories that lend themselves to further quantitative
statistical analysis. The study concluded that cooperative societies had embraced
strategic planning with a 5 year timeline strategic plan implemented by majority of
the cooperative societies where mission and vision statement were reviewed after 5
years. The decisions to implement strategies in strategic plans took 1 to 2 weeks or a
month although the implementation depend with the type of decision being
implemented where short terms decision usually took shorter period to be
implemented while long term decisions took longer to be implemented due to
processes involved in the implementation. The study concluded that formulating
strategic plans in cooperative societies, was the role of upper management who were
involved and that strategy formulation in the organization encompasses the core
business, staffing and employees welfare to a very great extent. The study concluded
strategic planning in cooperative societies helped in formulating strategies, mission
and vision .The cooperative societies engaged in establishing a mission, top
management leadership through the board of director, development of the key
strategies that contribute to the overall vision, establishing a vision, the benefit that
stakeholders can expect and involved in monitoring and evaluation that is measuring
achievement against set targets, to a very great extent. The study concluded that
cooperative societies engaged in strategic planning due to engaging in development of
specific, measurable, realistic and time bound strategic goal, development of short and
long term operation goals, Subdividing goals into achievable task, allocating goals to
individual staff members based on their qualification and correction action-review and
address gaps between current position and targeted goals in strategic planning to a
great extent. The study concluded that hiring of staff in accordance to current
technology and qualifications, allocating sufficient resources and adopting
technologies influence effective strategic planning. The study concluded that majority
of cooperative societies had embraced Strategic Planning to a very great extent with a
time line of 5 years. Most of the cooperative societies were implementing strategies in
their current strategic plans. The study revealed that cooperative societies had
embraced strategic planning with a 5 year timeline strategic plan implemented by
majority of the cooperative societies where mission and vision statement were
reviewed after 5 years. The study recommends that strategic planning in cooperative
societies should be effectively implemented as it helped in formulating strategies,
mission and vision.
Citation
Master Of Business Administration (mba), School Of Business, University Of Nairobi, 2013Publisher
University of Nairobi, School of business,