dc.description.abstract | Growth is one of the major goals I any organization. Companies strive to rise from one level of
operations to the other within a certain period of time as observed by Cosby (1990). For
organizations to grow, appropriate strategies need come up with a strategic mix that will ensure they
achieve their growth targets. Therefore positioning strategically of the organizations will lead to
growth. The study sought to establish the strategic positioning of commercial banks in Kenya and
how this has affected their growth. The study established that most commercial banks in Kenya have
strategically positioned themselves to achieve high growth rate amid dynamic environmental factors
characterized by tightening regulatory framework, high competition, technological advancement as
well as changes in customers’ tastes and preferences. From the study the banks have applied a
strategic mix to suit every challenge in their operation as well as maximize on the opportunities
available in the market. Some of the key positioning strategies identified with the banks include
diversification, customer focus, market and products development, market and penetration. The
degree of application and effectiveness of these tools vary from one bank to the other.
A census of all the 43 commercial banks in Kenya was conducted and the findings analyzed. The
study had a 77% response rate. A descriptive survey design was used to achieve the objective of the
study. Semi-structured questionnaires were used for data collection. Descriptive statistics were
used to summarize the findings of the study while statistical package for social sciences (SPSS) and
Ms Excel were used to perform the analysis of quantitative data. The findings reveal that
commercial banks in Kenya have applied as number of strategies that have worked for them to
ensure sustainable growth of their business. They have chosen a strategic mix that has to improved
growth rates since the year 2001. Market segmentation, market development and product
development are the major strategies the banks have applied in exploiting their potential to ensure
growth. Other strategies include market penetration, asset management and regional expansion
among others. From these findings therefore strategic positioning is inevitable for any organization
that needs to achieve growth | en_US |