Strategy Implementation Practices and Growth of Deposit Taking Savings and Credit Cooperatives in Embu County,Kenya
Loading...
Date
2023
Authors
Wangari, Mourine Celina
Waithaka, Paul
Journal Title
Journal ISSN
Volume Title
Publisher
AJPO
Abstract
Purpose: This study involved determination of
how the aspects organization structure and
organization culture affect the growth of
SACCOs and specifically those that take deposits
in the County of Embu.
Methodology: The theories that guided this study
included the institutional theory and Edgar
Schein theory. Descriptive survey research
design was adopted targeting 11 savings and
credit cooperatives in Embu County as the unit of
analysis and 77 respondents formed the unit of
observation where census was used. The validity
as well as the reliability of the questionnaires
used in this study to collect primary data was
determined through a pilot test with the overall
Cronbach alpha coefficient value as 0.873. The
project overseer who is a subject guru in the area
of study went through the content of the research
tool to determine if the tool used adequately
captured the aspects being studied and thus
ascertained for content validity. Relevant
authorities including a letter of introduction from
Kenyatta University which were used to explain
the purpose of study and a permit for the research
was sought before data collection in the field. The
analysis was done through statistical package for
social sciences version 24 utilizing means,
standard deviations and regression analysis and
presented through tables and figures.
Findings: The findings were that organization
culture had the greatest implication on SACCO
growth followed by organization structure. It was
concluded that strategy implementation practices
have significant effect on growth of deposit
taking savings and credit cooperatives in Embu
County, Kenya.
Recommendations: It was recommended senior
management of the SACCOs in Embu should
eliminate bureaucracies through minimization of
the degree of formalization. The top management
team in liaison with the boards of directors in
SACCOs operating in Embu should review the
existing values so as to bind employees together
as they work to implement the formulated
strategies.
Description
Article
Keywords
Strategy Implementation Practices, Growth, Organizational Structure, Organization Culture, Deposit Taking Savings, Credit Cooperatives
Citation
Celina Wangari, M. ., & Waithaka, D. P. (2023). Strategy Implementation Practices and Growth of Deposit Taking Savings and Credit Cooperatives in Embu County, Kenya. Journal of Strategic Management, 8(1), 39 - 57. https://doi.org/10.47672/jsm.1438