Factors influencing strategy implementation in deposit taking savings and credit cooperative societies in Meru County
Abstract
The purpose of this study was to investigate the factors influencing strategy implementation in
deposit taking SACCOS within Meru County. The study was guided by four research objectives:
to establish the effect of resource allocation on strategy implementation in deposit taking SACCOS
within Meru County; to investigate the effect of communication on strategy implementation in
deposit taking SACCOS within Meru County; to establish the effects of organization design and
structure on strategy implementation in deposit taking SACCOS within Meru County and to
determine the effect of regulatory environment on strategy implementation in deposit taking
SACCOS within Meru County. This study contributes to the growth of literature and knowledge
on strategy implementation in deposit taking SACCOS. Further the study derived its focus and
base from the following theories: the resource based value theory and the system theory. The study
adopted a descriptive research design. The population of the study comprised the 11 deposit taking
SACCOS in Meru County. Due to the nature of the population the study undertook a census of the
management of the deposit taking SACCOs. This translated to 55 respondents. The study made
use of both descriptive and inferential statistics to analyze the data. The descriptive statistical
analysis included; frequencies and percentage distributions, mean and standard deviation while the
inferential statistical analysis included Pearson Correlation and Regression analysis. Statistical
Package for Social Sciences (SPSS) version 23 was used as a statistical tool for data analysis and
the ensuing results were presented in tables. The response rate of the administered questionnaires
stood at 87.27%. The study established a positive and significant relationship between the
independent variables (resource allocation, organization design and structure, and regulatory
business environment) and dependent variable except for communication which had a negative
but significant relationship. The study concluded that resource allocation is vital in implementing
strategies and especially when it's timely, equitably and optimally done. The study recommends
that the organizational structure and design to be aligned with the prevailing business regulatory
environment to ensure smooth strategy implementation. The study also recommends that the
resources should be allocated optimally according to the needs of the various functions within the
organization