Multivariate Analysis of the Factors that Influence Strategic Management Practices among Commercial Banks in Nigeria (Published)
Strategic management has been widely recognised as very potent tools for enhancing organisational performance, productivity and competitive advantage of organisations.Therefore, this study explores the use of one of the multivariate analysis (Principal Component Analysis) to determine factors that influence the strategic management practices of commercial banks in Nigeria. The study was guided by one objective and one research question. The descriptive survey research design was adopted and the population of the study comprised 1164 employees in the seventeen (17) commercial banks in Nigeria and a sample size of 298 employees of commercial banks was estimated using Taro Yamane Formula. The instrument used in data collection was Factors Affecting Strategic Management Practices Questionnaire (FASMPQ). The instrument was validated by experts and reliability of the instruments was established using Cronbach Alpha and result yielded reliability coefficient of 0.84. Data obtained were analyzed using Principal Component Analysis (PCA) and the result revealed that political and legal environment, demography, socio-cultural environment, economic environment and technological environment were the five major factors that influence strategic management practices. The findings also showed that environmental factors have major influence on strategic management practices among commercial banks in Nigeria. Therefore, it is recommended among other things that commercial banks in the study area should focus on the environmental factor such as political and legal environment, technological environment, economic environment, global and socio-cultural environment as these influence strategic management practices in commercial banks in Nigeria.
Keywords: : Strategic Management Practices, Multivariate Analysis, Principal Component Analysis
EFFECTS OF STRATEGIC MANAGEMENT PRACTICES ON CORPORATE SOCIAL RESPONSIBILITY PERFORMANCE OF PARASTATALS IN KENYA (Published)
The main purpose of this research study is to assess the influence of strategic management practices on CSR performance of parastatals in Kenya. Four specific objectives form the study and these are: to examine the effect of strategic competitive practices on CSR performance of parastatals in Kenya; to find out the effect of strategic Corporate Governance practices on CSR performance of parastatals in Kenya; to determine the effect of strategic planning practices on CSR performance of parastatals in Kenya; and finally, to establish the effect of strategic total quality management practices on CSR performance of parastatals in Kenya. The target population will be all the 115 parastatals operating in Kenya as at December 2012 but excluding the ones earmarked for scrapping, creation and merging by the government in the next six months. A cross sectional survey and quantitative research designs will be adopted for the study. The participants will be randomly selected through multi-stage sampling technique amongst the 115 parastatals in Kenya and the total sample size will be 89 parastatals. The questionnaire will be used as the data collection instrument and it will be conveyed to the respondents through drop and pick technique. One questionnaire will be administered to each sampled parastatal and, that is, either to Chief Executive Officer or the Manager of Events & External Affairs or to the finance officer, and therefore the distributed questionnaires to these top managers will produce 89 respondents. Data analysis and interpretation will be based on descriptive statistics such as measures of location (mean) and measures of dispersion (standard error mean) as well as inferential statistics mainly multi-linear regressions, Pearson correlation, factor analysis and Analysis of Variance (ANOVA). The hypotheses will be tested at 95 percent confidence level (level of significance, α = 0.05). Data processing and analysis will finally be done through use of quantitative techniques by SPSS Version 20
Keywords: : Strategic Management Practices, CSR performance, Parastatals