Factors Influencing Strategy Implementation: A Study on Oromia International Bank, North West Showa (NWS) District, Ethiopia

Abstract

The importance of strategy to a firm cannot be gainsaid. The fact that financial institutions have strived from various stages alongside the adoption of various organizational strategies indicates that it has not been easy to achieve optimum strategy implementation. The motive of this study was to examine factors influencing strategy implementation at Oromia International bank NWS district. Based on different literature the identified factors were: age, sex, experience, education, organizational culture, organizational structure, organizational process, and leadership and employee commitment. The result of multiple linear regression model moreover revealed that organizational culture, organizational structure, leadership and employee commitment were significant for strategy implementation of OIBNWSD with β value .262, .127, .047 and .056 respectively. Based on the research results, it was recommended for OIBNWSD bank’s in study area to improve the influence of strategy implementation factors dimensions through providing training to their leaders and employees, allocating resource based on relative importance of factors, carrying out depth research on strategy implementation influencing factors, continuously evaluating factors influence and giving prioritize for employees’ needs.

Keywords: Culture, Structure, Process, Leadership and Commitment

DOI: 10.7176/EJBM/11-34-01

Publication date: December 31^st 2019