Effects of Information And Communication Technology(ICT) on corporate strategy (A survey of SACCOs in Nyeri County)
Loading...
Date
2013-08-27
Authors
Muthui, Anthony Ndirangu
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This study aimed at determining the effects of Information and Communication
Technology (lCT) on corporate strategy in selected SACCOs in Nyeri County. The
study was motivated by the rising concerns at the pace at which SACCOs are
embracing ICT. The process of integration is also haphazard and the use of ICT is
rudimentary in the few SACCOs that have adopted ICT. The study was conducted in
selected SACCOs within Nyeri County. This study was guided by four objectives
which included determining the effects of innovation, research and development,
technology incentives and technological change on corporate strategy. A total of 4
SACCOs were selected for the study. Data was collected using questionnaires. The
collected data was analyzed through qualitative and quantitative methods and
presented in tables, graphs and pie charts. Qualitative data was analyzed through the
use of themes and categories. For quantitative data, analysis was done by use of
Microsoft word excel program to tabulate and compare data inputs
Based on the results of the findings, the research concluded that the effects of
Information and Communication Technology (lCT) is highly affecting corporate
strategy in SACCOs in Nyeri County in which innovations was a major factor
affecting Corporate strategy. Research and development had a moderate influence in
corporate strategy. In general, the results of this study revealed that among the four
factors, innovation and technology incentives influence corporate strategy most,
followed by technological change while research and development offered the least
influence on corporate strategy. It was recommended that there should be an effort to
improve the level of technology incentives especially through !raining because they
were found to be the most effective methods of transferring such skills. It was also
recommended that due to the high significance of innovations marked by the strong
relationship between research and development and corporate strategy, the
stakeholders and the management should attempt to align the technological change
factors in ways that are conducive for the ease of uptake and integration of ICT in an
attempt to enhance corporate strategy.