| dc.description.abstract | Management ofStrategic plan involves actions and decisions that leads to the formulation and execution of strategies meant to attain the set objectives of a given firm. According to Strategy implementation is one of the crucial functions of top management which addresses thedecisions targeted atformulation andimplementationoflong-term plansaimed at realization oforganizational goals. A lot of challenges are experienced during Strategy implementationdue to high requirements of both human and financial resources and the changing internal organizational environment.The situation has been highly turbulent and affected strategy implementation in most organizations. Due to such difficulties, this study aimed at finding the key determinants in strategy implementation practices in Amica and Mentor SACCOs whose headquarters' are in Murang’a town. Organizations have Strategy plans that are rarely implemented and the study tried to assess some of these determinants. Questionnaires and interviewswere used to acquire data from the targeted members’ of director’s board, senior managers, and staff in the SACCOs usinga census guide. Content analysis technique was used to analyze the data. The findings indicated that leadership had the highest influence on strategic plan implementation in SACCOs as revealed by a mean of 12.91, funding was the second determinant with a mean of 9.39, followed by government policy with a mean of 9.22, monitoring and evaluation had the lowest influence as revealed by a mean of 8.15. Therefore, the study established that leadership plays a significant role in terms of guidance, resource mobilization, and the overall success of the implementation of strategic plans in both Amica and Mentor SACCOs. The study established that implementation of strategic plans contributed to the growth of SACCOs in terms of membership increase with a mean of (3.38), Share capital increase (3.00), increase in turnover (3.16), asset quality improvement (3.17), business volume increase (3.15), increase in deposit portfolio (2.91) and product diversification (2.73). for data analysis methods, mean which was useful in computation of averages of the data collected , standard deviation was significant in determination of the spread of data around the mean ,regression helped to explain the relationship between Amica SACCO and Mentor SACCO ,it also assisted to determine whether the relationship are strong or weak, all this data analysis methods helped in analyzing the information.The findings revealed that strategic plan implementation had optimistic effect on the development and growth of the SACCOS, finding from Mentor SACCO revealed that funding had the greatest effect on the implementation of strategic planning, it further indicated there was an increase in membership ,increase in turn over, and optimum utilization of resources, from the findings there is need to have a leadership that supports the strategic plans from initiation to final implementation. Based on study findings, the study proposed the following recommendations to ensure successful implementation of strategic plans and growth of SACCOS: funds should be made available and in sufficient amounts, regularization of monitoring and evaluation strategies, periodical review of strategic plans, the inclusion of the different departments and workers in the organization to ensure that the strategic managers can own the process and management to cascade or delegate the duties downwards to the more specific departments where such functions apply | en_US |
