Tag Archives: Strategic Management

Relationship between Strategic Planning Process and Financial Performance of Professional Service SMES in Kenya: Moderating Role of Innovation Practices (Published)

This paper investigates the relationship between Strategic planning process and financial performance of professional service SMEs in Kenya.  Specifically, the study had two specific objectives of the study: first, to analyze the effect of strategic planning process on the financial performance of professional service SMEs in Kenya and secondly, to test the moderating effect of innovation practices on the relationship between strategic planning process and financial performance of professional service SMEs in Kenya. The study targeted 384 SMEs as the sample size, with data collected from managers/owners through questionnaire. SMEs were randomly selected while respondents were selected through purposive sampling.  The study findings indicated that innovation practices have a moderating effect on the relationship between strategic planning process and the financial performance of professional service SMEs in Kenya.  From the findings, it can be concluded that SMEs with strategic planning practices and innovative practices are likely to have better performance than SMEs that have adopted strategic planning process only.

Keywords: Environmental Scanning, Innovation Practices, Small Medium Enterprises, Strategic Management, Strategy Evaluation, Strategy Formulation, Strategy Implementation

INTEGRATED ROLE OF HRIS & SHRM (SHRIS) IN BANKING SECTOR OF PAKISTAN (Published)

Today we are living in a global economy. Computer based information system has changed the scenario of business. SHRIS is a system that has completely re-engineered the management style. Managers are termed as knowledge workers today. SHRIS has brought revolutionary changes in performing different strategic human resources tasks like recruitment and selection, training and development and it leads to job satisfaction, employee empowerment and promotions ,business process reengineering, more involvement in decision making. The main aim of this research is to highlight the impact of Human resources information system and strategic Human resources Management on organizational performance. Human resources information system has a strong relationship and positive impact on various strategic human resources management decisions whereas organizational performance depends on Strategic Human resources management.

Keywords: Business Process Re-engineering, Employee empowerment, Human resources information system, Job Satisfaction, Recruitment & selection, Strategic Human resources information system, Strategic Management, employee promotions, training and development

PERCEPTIONS OF A STRATEGY FOR THE DEVELOPMENT OF SCIENTIFIC RESEARCH IN THE KINGDOM (Published)

This study attempts to investigate scientific research in the development of Saudi Arabia through the analysis of some statistics on education and scientific research in the country. A number of key concepts have been reviewed such as : scientific research, alignment and strategic management for scientific research and theft detector. A blend of both quantitative and qualitative data is used. The descriptive research method is adopted. An analysis of documents using induction and references to original information were made. The findings include : A proposed model for a nationally research – oriented management , there is a possibility to benefit from the outcomes of research seminars in the national system overseen by stakeholders such as the Ministry of Higher Education, King Abdul-Aziz City for Science and Technology (KACST), and specialized research centers, and it is possible to shift towards a knowledge society .

Keywords: Alignment, Scientific Research, Strategic Management, Theft Detector

STRATEGIC FOCUS ON ENTREPRENEURSHIP IN VOCATIONAL EDUCATION (Published)

The aim of vocational education is oriented toward sustainable performance that can contribute to the country development. A mission is of great importance to the organizations as well as for vocational high schools since it promotes vision, values and its goals. It communicates not only to the employees but to the stakeholders and provides the basis for the priorities, strategic plans and work tasks of the organization. The paper focuses on the mission statements of Macedonian vocational high schools posted on their web sites. By content analysis, the research has the aim to evident the presence of mission statement and its elements – words that support entrepreneurial spirit, like: entrepreneurship, innovation, creativity, self-employment. Aside from determining the focus of interest of vocational high schools and their readiness to develop entrepreneurial skills, the research results can contribute to promoting the quality of the mission statements of the vocational high schools.

Keywords: Entrepreneurship, Mission statements content analysis, Strategic Management, Vocational education

Factor Analysis of Strategic Management and Performance Variables in The Banking Sector in Oyo State, Nigeria (Review Completed - Accepted)

This research work factor analysed the impact of Strategic Management Variables (knowledge management, perceived environmental uncertainty, strategic agility and organizational learning) and Performance Variables in some selected selected banks in Oyo State of Nigeria. The study employed questionnaire to collect information from subjects who were bank employees of the selected banks in Oyo State. One hundred and six respondents responded to the questionnaire. This study found that strategic management variables were immensely associated with bank performance Based on the findings, it was recommended that there is a need for banks to work and improve their knowledge and learning base, endeavour to adapt to their environment and strive to be strategically agile so as to improve their performance and in the long run gain sustained competitive advantage

Keywords: Knowledge Based View, Knowledge Management, Organizational Learning, Organizational Performance, Strategic Agility, Strategic Management

In Search of Knowledge Management: An Autopsy Report of Management Text Books (Published)

This study is set to operate under the following research question: ‘How much Knowledge Management (KM) learning materials are incorporated in the academic text books of general management and strategic management?’ To investigate the issue this study applied Content Analysis (CA) technique. It carries out purposive sampling. 15-general management and 10 strategic management books (total 25 books) which are usually recommended by the teachers to the students of the universities and colleges are analysed. The content analysis technique is used to analyse the subject matters of the books. A coding sheet is prepared. It is divided into 325 boxes (25 books and 13 subjects of knowledge management, e.g. 25X13=325) to examine the KM learning materials if they are incorporated. The study finds, 17-books (68%) have addressed the issue of KM, while 8-books (32%) completely ignored the subject of KM. Further, the text books have covered the subjects like definition of knowledge/KM (25%), types of knowledge (15.63%), knowledge creation (10.94%), knowledge storage (9.38%), knowledge maintenance (7.81%), knowledge transfer (7.81%), use of knowledge (9.38%) and other KM subjects (14.06%). No book could address philosophical debates on the definition of knowledge, knowledge transfer mechanisms, barriers to knowledge transfer, duties and responsibilities of CKO and ethical issues in KM. It is recommended that more KM learning materials should be incorporated in the general management and strategic management text books. Further, the universities and colleges should incorporate KM as a separate module in their academic curriculum and syllabus. Future researchers may examine and analyse the contents of learning materials on KM incorporated in other management disciplines.

Keywords: General Management, Knowledge Management, Strategic Management