Strategic implications of devolved governments to the Local Authorities Pension Trust, Kenya
Organizations exist and operate as open system systems, continuously interacting with a dynamic and turbulent external environment. These interactions yield opportunities and threats, which are the strategic implications. The purpose of this study was to examine the strategic implications of devolved governments to the Local Authorities Pension Trust, and the management of the implications. The researcher used an interview guide to collect the necessary data, where he interviewed the top management in the organization, and applied content analysis tools to interpret it on the basis of strategic underpinnings. Evidence was adduced in the findings in support of the strategic implications of devolved governments culminating into opportunities and threats to the organization, including investments, markets, partnerships, resources and leadership opportunities and threats. It was also observed that the management of these strategic implications requires a multi-approach, as there is no one sufficient criteria to harness all the opportunities and surmount every challenge faced by the organization. Strategic change, diversification, use of emergent strategy, strategic partnerships, and a holistic socio-economic products approach were the key methodologies used to manage the strategic implications. Thus, strategic implications are as inevitable as the organization’s interactions with the external environment, and as such organizations must be proactive in developing and sustaining appropriate responses for a guaranteed bright future. Nonetheless, further research is recommended to determine the factors affecting the implementation of pension schemes in county governments in Kenya, and also evaluate the relationship between pension schemes and devolved governments in Kenya.