Challenges in Strategy Implementation at Sacco Societies Regulatory Authority in Kenya

Abstract

Strategy implementation is critical to a company success or failure which may have an impact on the sustainability and success of the business. Strategic management involveorganising the resources of the firm and motivating the staff to achieve objectives. It also requires the firm to have a supportive culture and communication of the strategy. The objective of the study was to address the challenges faced by Sacco society’s regulatory authority in strategy implementation the study adopted a case study where primary data was gathered using an interview guide, the data was analysed to derive findings conclusion and recommendation. Some of the most significant challenges that the study uncovered were: inadequate financialresource unsound reward systems, culture of the organisation the study also recommended that; supportive structure be put in place, link employee performance to overall reward system, management to align structure to strategy and enhance effectiveness in communication, and the top management inclusive of the board members and directors to be involved and maintain focus during implementation process