Factors affecting the implementation of strategic change in defined benefits pension scheme: The case of local authorities pension trust.
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Date
2012
Authors
Chumo, Kogei Anthony
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Abstract
Local Authorities Pension Trust, like any other organization whether in public or private
organization is directly or indirectly affected by the changes taking place in the
environment in which they operate. It therefore becomes apparent for organizations to
prepare themselves by formulating and implementing strategic change that will enable
them to exploit the opportunities and keep threats at bay.
Strategic change implementation is now a bell weather event hence is a routine
management issue that requires concentration for its benefits to be realized. Laptrust has
undergone substantial metamorphosis and has lived to see the challenges so much so that
during the period of liberalization in the late 1990's through early 2000 in Kenya saw it
readjust its operational activities in the quest of establishing a viable fit in the retirement
benefits industry. There were challenges such as cut throat competition, high customer
expectations, inflation and in the late 2002, the birth of regulator Retirement Benefits
Authority which came with stringent rules regarding investment portfolios by the players
in the industry.
The study therefore seeks to establish factors affecting implementation of the strategic
change in defined benefits pension scheme in Laptrust. The study adopted a case study
research design so as to provide for in-depth and comprehensive inquiry of the
phenomenon. The population of study included the senior managers, middle-level
managers, functional-level managers and junior employees of Laptrust who are involved
in implementation of strategic change. Samples were drawn from the population through
stratified random sampling. Primary data was collected using questionnaires that will be
administered through 'drop and pick later' method. Before analysis, the data collected
was checked for completeness and consistency. Data collected was then analyzed through
content analysis and descriptive statistics. The results are presented in form of tables,
means and standard deviations. The SPSS statistical computer package was used in the
analysis. The results of the study are discussed in chapter four and five. Lastly,
conclusions drawn from the findings and recommendations from the study are presented.
Description
business administration (mba),63p. 2012, HD 7105.4 .C49