Influence of corporate culture on management of strategic change in commercial banks in Kenya
Helping organizational members cope with change is one of the most critical success factors in change management. Managers have not fully addressed the human side of change and therefore their best laid plans have failed. Corporate culture can impede or facilitate change. It can resist change, respond to change, accept change or initiate change. It is therefore necessary to examine at depth the influence of corporate culture on management of strategic change. The research objectives therefore are: the practices Commercial Banks in Kenya have adopted in management of strategic change, the corporate culture of Commercial Banks in Kenya are and what is the influence of corporate culture on management of strategic change in Commercial Banks in Kenya. This ,study utilized primary data which was collected by way of a questionnaire. The questionnaire looked into the demographic information; practices of management of strategic change, corporate cultural practices at the effectiveness of managing change with regard to corporate cultural influences. The research design used was a survey. On receiving the questionnaires from the respondents, the data was then coded and tabulated to facilitate data analysis. Descriptive statistic such as mean scores, standard deviation, percentages, and cumulative frequency was used to transform obtained data from the banks into standard form for relative comparison. From this study it was found that the benefits of a good culture and strategic fit is that supportive cultures shape the mood and temperament of the work force positively affecting organizational energy, work habits, and operating practices. It provides standards, values, informal rules and peer pressures that nurture and motivate people to do their jobs in ways that promote good strategy execution. A good strategy- supportive culture also strengthens employee identification with the company, its performance targets, and strategy.