STRATEGY IMPLEMENTATION AND ORGANIZATIONAL PERFORMANCE

A STUDY OF SELECTED COMMERCIAL BANKS IN ABIA STATE, NIGERIA

Abstract

The study focus on strategy implementation on organizational performance: A Study of Selected Commercial Banks in Abia State. The study sought to examine the relationship between strategy goal setting and organizational performance of the selected commercial banks in Abia State; determine the effect of strategy execution on organizational productivity of the selected commercial banks in Abia State. The study adopted a survey design, used both primary and secondary data to gather information from the respondents. Thus, the population of the study was 150 selected from two banks. The sample size of the study was 89 which was the questionnaire distributed to top level management, middle level management and lower level management staff and 77 questionnaires were filled and returned, representing 93.75% of the total questionnaire for this study. The sampling technique used in the study was stratified random sampling method. The results from correlation coefficient relationship between strategy goal setting and organizational performance. The rho= 832 with p-value = .021<.05% significance level. The study concluded that there is a positive relationship between strategy goal setting and organizational performance of the Selected Commercial Banks in Abia State. Result from the regression analysis showed that strategy execution is significant on organizational productivity. The study recommended that managers must formulate better mission and vision statements and make sure such policies are implemented towards achieving organizational goals and objectives.