Stakeholder involvement in the realization of strategic objectives at tullow oil, Kenya
This study sought to determine stakeholder involvement in the realization of strategic objectives at Tullow oil, Kenya. It was guided by two main objectives namely: To establish stakeholder involvement in the strategic process of Tullow Oil Company and to establish stakeholder involvement in the realization of strategic objectives at Tullow Oil, Kenya. The research design was a case study which made use of primary data that was collected through face to face interview with the researcher. The interview guide consisted of questions that the interviewer asked the respondents whose target was six (6) in number and were mainly drawn from the top and middle level management of the company. The study found out that proper stakeholder involvement led to increased efficiency and reduction of costs in their operations, as a result of greater cooperation and or reduced stakeholder conflicts. This was realized through an integrated stakeholder involvement which was a key initiative towards achieving the organization’s strategic objective. The study further revealed that success is easily achieved when a firm cultivates better stakeholder involvement practices which lead to increased outputs, greater cooperation and coordination with the local community which significantly led to successful strategy implementation process and thus achievement of the organizational goals. Tullow Oil, Kenya should be keen on developing a strong stakeholder engagement framework and come up with structured mechanisms to actualize it. On the other hand, the Kenyan government should invest on security through, securing the borders, providing proper training to the military and the police force, increasing intelligence and other security agencies. The boundaries between various communities also need to be clearly demarcated as this has always been a source of conflicts especially when the area has been discovered as having immense and valuable mineral potential. In addition, the government needs to find a lasting solution to cattle rustling which is prone in the North Rift area pitting the Pokot, Turkana and other communities as this has had adverse effects on the livelihoods of these communities and such continued conflicts may scare away potential investors in the area who would have otherwise helped to enhance growth and development of the economy. Foreigners need to be confident while investing in a foreign country and the government should take all the necessary measures to ensure that foreigners feel safe when engaging in business deals and partnership. It is important for future researchers and academicians to conduct a research in an international Oil exploration and drilling Company similar to Plc Tullow in terms of size and areas of intervention in order to establish stakeholder involvement in the strategic processes of the Company and to establish stakeholder involvement in realization of strategic objectives of the Company. The findings can then be compared to assess if there are any commonalities or unique factors. It was not easy to convince the respondent to participate in the study. Multinational companies are known to work under very strict confidentiality in order to secure any unauthorized access to information. Most of the respondents agreed to participate on condition that the information was not divulged to any other party other than for academic purposes only. In conclusion, the study was limited to an in depth case study of Plc Tullow Company hence the findings are unique to Tullow Company and cannot therefore be used to make generalization on other Multinational oil Drilling companies in Kenya or globally.