Research Paper
Year: 2018 | Month: June | Volume: 5 | Issue: 6 | Pages: 36-46
The Influence of Strategic Planning on Organizational Performance; Case Study Cogebanque Rwanda
Claudine Uwambayingabire, Dr. Patrick Mulyungi
Jomo Kenyatta University of Agriculture and Technology, Kenya
Corresponding Author: Claudine Uwambayingabire
ABSTRACT
The study examined the influence of Strategic Planning on organizational Performance using Cogebanque as case study. It further explores into how this has an influence on its management. Efficiency and effectiveness as strategic planning is essential in organization’s performance. Primary and secondary data have been used for the study. The study used questionnaire to elicit information from employees of Cogebanque limited. Data collected have been analyzed by using descriptive and inferential statistics. The hypotheses have tested using the Pearson’s Product Moment Correlation Coefficient to establish the significance of relationship between the various variables used in measuring performance. The results of the hypotheses revealed that there is a significant positive correlation between strategic planning and organizational performance. Mission of the organization, training of human resources, right leadership and technology were found are great strategies to good performance of an organization. Researcher recommends that all factors of various dimensions should be put into the right perspective, so as to help the general workforce of the organization to understand the main objectives and the strategic plans in place to achieve them. This will enlighten the employees of the organization to jeer towards delivering services to enhance the general strategy of the organization and to raise its performance. It is also recommended that lines of communication between managerial and non-managerial staff should be improved in order to encourage and support the flow of information and feedback mechanisms.
Key words: Strategies, Strategic Planning, Performance, Organizational Performance.
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