Strategic Planning and Performance of the State Corporations of the Government of Kenya
Abstract
Strategic planning is a vital step in the process of decision making in an organization. It is
useful in the identification of the strengths, weakness, opportunities, and threats facing an
organization.it enabled the organization to achieve its desired goal in line with its
objectives, mission and vision. Therefore, it is significant in the determination of
performance of an organization. This aims of this study is to assess the strategic planning
practices that is applied by the state corporations of the government of Kenya, it also
sought to establish a link between strategic planning, practices and performances in state
corporations of the government of Kenya. This was based on the theory and practice of
the open system theory and dynamic capability theory on the strategic management. The
study was conducted on 40 different corporations which are regulatory, service, tertiary,
public universities and financial corporations. The findings of the finding form the study
established that most companies used forecasting as s practice in the formulation of their
strategy other than the environmental aspects at the time of formulation, their vision and
mission also gets reviewed either for every 3-1 years or 5-3 years. In addition, the
directors are the most significant people in the corporations that make the decisions,
strategic planning process is mainly controlled by the management of an organization for
most corporations; implementations plans is always a well formalized process and all
departments are involved in the planning of a strategy. Performance of the companies is
based on quality, Relationship among the staff, staff turnover, customer satisfaction,
efficiency of the operations, financial performance, market share and capital and debt.
The study also established that the efficiency of the planning for strategy and
performance is increased when the strategies are linked to the corporations mandate,
prioritized goals are set, organizational performance and capacity in production is
improved and finally the capacity in building the staff of the corporation. The study
recommends that further research will need to be conducted in order to establish the
evidence based link and practice of planning and performance of corporations.
Citation
Mwai,Martin M.,November,2013.Strategic Planning And Performance Of The State Corporations Of The Government Of Kenya.Publisher
University of Nairobi