ABSTRACT
The content
of a strategic management plan reflects entrepreneurial judgments about the
long-term direction of the organization on whether there is a need for major
new initiatives and actions aimed at keeping the organization in position to
enjoy sustained success. Strategic management is the focal point of any
business organization and both the sequence of actions and the speed of the
implementation process are important aspects of uniting the entire organization
behind strategy accomplishment. A good strategy is one that is right for the
organization considering all the relevant specifics of its situation. The
entrepreneurial task of formulating strategy is always requiring heavy doses of
situation analysis and judgment with the aim of achieving good fit between
strategy and all relevant aspects of the organization’s internal situation and
external environment. Indeed, one of the special values and contributions of
managers is the ability to develop customized solutions that fit the unique
feature of an organization’s situation.
TABLE OF CONTENTS
ACKNOWLEDGEMENT ……………………………………………………………...i
ABSTRACT……………………………………...……...………………………............ii
TABLE OF CONTENTS…………………...........……………………………….........iii
ABBREVIATIONS…………………...…………………………………………..........vii
LIST OF TABLES ......……………………………………………...…………..….....viii
INTRODUCTION ...........................................................................................................1
CHAPTER 1
LITERATURE REVIEW
………………………………………………6
1.1 INTRODUCTION
……………………………………………………….6
1.2 THE
HISTORY OF STRATEGY ………………………………………..6
1.3 CONCEPTUAL
FRAMEWORK ……………………………………….7
1.3.1 Strategy Levels ………………………………………………….9
1.3.2 Strategic Management Process ………………………………….9
1.3.2.1 Agreement on the procedure …………………………..11
1.3.2.2 Identification and elucidation of the
association’s
mission, targets and
current techniques ……………….11
1.3.2.3 Identification of the asociation’s inner
qualities
and shortcomings …………………………………….....12
1.3.2.4 Assessment of dangers and opportunities in the
outer environment ………………………………………13
1.3.2.5 Identification of key constituents and
stakeholders,
their desires and
assets ……………………………...…..14
1.3.2.6 Identification of key Strategic Issues …………………..15
1.3.2.7 Design, investigation, and choice of
system
options and alternatives to oversee issues recognized
in1.3.2.6…………………….…………………………16
1.3.2.8
Implementation of the system ………………………….16
1.3.2.9 Monitoring and survey execution ………………………17
1.3.3 The Environment ………………………………………………....17
1.3.3.1 External Environment…………………………...............181.3.3.2 Internal Environment ………………………………...…19
1.3.4 Strategic Planning …………………………………………...……19
1.3.5 Strategic Thinking; The soft side of Strategic
Management ……………………………………………...………21
1.4 THEORETICAL FRAMEWORK: SCHOOLS OF
STRATEGIC MANAGEMENT ………………………………………..23
1.4.1 The Deign School: strategy as a process of
conception ……….…23 1.4.2 The Planning
School: strategy formation as a
formal
process ……………………………………………………24 1.4.3 The Positioning School: strategy formation
as an
analytical
process …………………………………………………24 1.4.4 The Entrepreneurial School: strategy
formation as a
visionary process
…………………………………………………25
1.4.5 The Cognitive School: s trategy
formation as a mental
process……………………………………………………………25
1.4.6 The Learning School: strategy formation as an
emergent
process………………………………………………………….....26
1.4.7 The Power School: strategy formation as a process of
negotiation ……………………………………………………….26
1.4.8 The Cultural School: strategy formation as a collective
process …………………………………………………………...27
1.4.9 The Environmental School: strategy formation as a reactive
process ……………………………..…………………………..…27
1.4.10 The Configuration School: strategy formation as process
of Transformation
………………………………………………28
1.5 EMPIRICAL FRAMEWORK ………………………………………….28
CHAPTER 2 RESEARCH METHODOLOGY
2.1 INTRODUCTION ……………………………………………………...31
2.2 BRIEF HISTORY OF ACCESS BANK PLC ………………………….31
2.3 RESEARCH DESIGN ………………………………………………….33
2.4 RESEARCH HYPOTHESIS …………………………………………...33
2.5 SAMPLING INCLUDING SAMPLING FRAME …………………….33
2.6 DATA SPECIFICATION/MATERIALS ……………………………….34
2.7 METHODS OF DATA COLLECTION ………………………………..34
2.8 METHOD OF DATA ANALYSIS …………………………………...…35
CHAPTER 3 DATA
ANALYSIS AND PRESENTATION
3.1 INTRODUCTION …………………………………………….………..37
3.2 PRESNTATION AND ANALYIS OF DATA …………………………..37
3.3 TEST OF HYPOTHESIS ………………………………………………40
SUMMARY, CONCLUSION
AND RECOMMENDATIONS……………………..48
REFERENCES
……………………………………………………………………..…53
ACRONYMS AND ABBREVIATIONS
ANOVA Analysis
of Variance
ASM Adoption
of strategic management
BC Before
Christ
CBN Central
Bank of Nigeria
ID Identity
Document
MBO Management
by Objectives
PLC Public
Limited Company
R & D Research
and Development
PER Performance
SM Strategic
Management
SP Superior
Performance
LIST OF TABLES
Tables Page
4.1 Response
on theStrategic Management and Performance ……………………..42
4.2 Model
Summary 1 ………………………………………………………...……42
4.3 ANOVAb1………………………………………………………………………43
4.4 Coefficientsa1…………………………………………………………………..44
4.5 Response
to the Adoption of Strategic Management and
Superior
Performance …………………………………………………………. 45
4.6 Model
Summary 2 ……………………………………………………………...45
4.7 ANOVAb
2……………………………………………………………………...46
INTRODUCTION
In Nigeria, the
banking system has over the years witnessed a revolutionary which can be
classified into six major periods, the free banking period (up to 1952); the
pre-central banking era (1952-1959); the era of banking legislation
(1959-1970); the indigenization era (1970-1977); the post Okadigbo era
(1977-1995) and the post consolidation era (1996-date). This revolutionary
trend has brought about a characteristic performance in the behavior, growth
and survival of the industry and it is this need to survive that has generated
a lot of research in the overall management of the banks to bring about the
best in them.
It is therefore; to
this end that strategy formulation is largely an excursion in entrepreneurship.
The content of a strategic management plan reflects entrepreneurial judgments
about the long-term direction of the organization on whether there is a need
for major new initiatives and actions aimed at keeping the organization in
position to enjoy sustained success.
Broadly viewed, the
management task of strategy implementation is one of scrutinizing the whole
internal organization to diagnose what strategy approaches are needed and what
actions to take in order to accomplish them. In addition, there is the need for
the different pieces of the implementation plan to be arranged into a pattern
of action that will produce an orderly change from the old practice to the new
strategy rather than creating disruption and dissatisfaction with the way
things are being handled.
Strategic management
is the focal point of any business organization and both the sequence of
actions and the speed of the implementation process are important aspects of
uniting the entire organization behind strategy accomplishment.
A good strategy is
one that is right for the organization considering all the relevant specifics
of its situation. The entrepreneurial task of formulating strategy is always
requiring heavy doses of situational analysis and judgment with the aim being
to achieve goodness of fit between strategy and all the relevant aspects of the
organization’s internal situation and external environment. Indeed, one of the
special values and contributions of managers is the ability to develop
customized solutions that fit the unique features of an organization’s
situation.
Business
organizations are constantly making decisions which contribute a great deal to
the survival of the industry and play a major role in the destiny of the firm
on the long-run and it takes superior entrepreneurship and competent strategy
implementation over a long period of time.
The future belongs to
the aggressive and the ambitious who can apply strategy as a process of
stretching resources and seeing opportunities for innovation. The chances are
excellent that when an organization has a well-conceived, well executed
strategy, it will be a high performer.
Order for full projects: #2000
Payments method: bank deposit / Bank Transfer
Skye Bank 1
Bank account name: Yekeen Idris Adeseun
Bank account number: 3026132730
GTB Bank 2
Bank account name: Yekeen Idris Adeseun
Bank account number:. 0165460421
Send your payments details to.....
Email: idrisyekeen7@gmail.com or 08167674702
- Your full name
- Your email that the documents will be sent to
- Your payments details
- Your mobile number
No comments:
Post a Comment