Factors influencing the implementation of strategic plans in savings and credit cooperatives societies in Murang'a District
Wanyoike, Rachael Wambui
MetadataShow full item record
Within the current liberalized economy, Saccos as financial institutions, like the rest of private sector must strive to be effective and efficient and able to provide efficient services in order to attract and retain their members. By allowing new players, liberalization expands the pool of economic actors and disrupts the cooperative equilibria that may have previously emerged. This as a result has intensified competition in the market place and has impacted the way organizations are being operated. Increased competition makes it imperatives for innovative leaders and managers to respond to these changes by critically evaluating their operating environment and developing competitive strategies. However there are many challenging factors that are hindering the implementation and execution of these strategic plans. This study aims at finding out the challenges that are facing the implementation of strategic plans in Saccos in Murang'a district. It will cover the Saccos especially the ones in Murang'a district where there are five Saccos, two serving as headquarters. The study will be conducted using a survey design where questionnaires will be administered to the management committee, supervisory committee, the General manager and Accountant from the organizations. The collected data will be analyzed using descriptive and qualitative methods. The conclusions and recommendations will be drawn from the analyzed data.