An Assessment Of Strategic Management And Its The Effect On Organizations Performance (A Case Study Of Krisoral Group Of Companies Limited Onitsha)

Project and Seminar Material for Business Administration and Management BAM

An Assessment Of Strategic Management And Its The Effect On Organizations Performance (A Case Study Of Krisoral Group Of Companies Limited Onitsha)


Chapter One


Introduction

1.1 Background Of The Study

The economic environment is rapidly changing, with phenomena such as globalization, shifting customer and investor expectations, and ever-increasing product-market rivalry driving this transformation. “Strategic management is an ongoing process that evaluates and controls the company’s business and industries, assesses its competitors, and sets goals and strategies to meet all existing and potential competitors, and then reassesses each strategy annually or quarterly (i.e. on a regular basis) to determine how well it has been implemented and whether it needs to be replaced (Lamb, 1984). The major goals that business organizations should strive for are gaining a competitive advantage position and improving firm performance in comparison to their competitors. (2009) (Raduan, Jegak, Haslinda, and Alimin).

The size of a company and the inclination for change in its business environment might affect strategic management. As a result of its scale, scope of activities, and need to include stakeholder opinions and requirements, a worldwide transnational organization may use a more formal strategic management approach.

Major management theories, such as Chandler’s (1962) and Child’s (1972), both referenced in Meier, O’Toole, Boyne, and Walker (2012), stress the ability of private firms to exercise strategic choice despite external limitations. The way they approach strategic problems can have an impact on the organization’s overall growth and development. Fundamental concerns such as resource base, infrastructural constraints, acceptable degree of technology, and raw materials input must all be addressed in the strategic framework.


1.2 Statement Of The Problem

In recent years, organizations’ performance has been the subject of much investigation. The extent to which an organization’s policies and programs are implemented and its strategic aim in terms of goals and vision is a major problem. Managers in both private and public organizations are increasingly aware that having an appropriate system for attracting and managing the organization’s human resources is a critical source of competitive advantage. Indigenous products and services, best public relations strategy, state-of-the-art technology, and having an appropriate system for attracting and managing the organization’s human resources are all important sources of competitive advantage.

Based on the above and current trends, it is clear that the space of change in our corporate environment brings new problems on a daily basis. As a result, if the industrial industry is to effectively handle its difficulties, a cure must be discovered. As a result, many businesses must come up with creative concepts in order to establish distinctive brands, consumer-friendly products/services, and competitive advantages in terms of brand preference and client confidence.

Despite this, no research has been done in Nigeria to look at the influence of strategic management as a whole on organizational growth and development. In Nigeria, there is a number of research targeted at improving human resource development (eg Oladipo and Abdulkadir, 2010; Oladipo and Abdulkadir, 2011; Abdulkadir, 2012). Strategic planning (a subset of strategic management) was research that was related to this one (see Ilesanmi, 2011 and Akinyele & Fasogbo, 2007). None of the research in Nigeria looked at the influence of strategic planning management on the industrial sector. To that end, the purpose of this study is to investigate how manufacturing businesses in Anambra State may employ strategic management to build successful growth and development strategies.


1.3 Objective Of The Study Objective

The overall goal of the research is to:

  1. Investigate the impact of strategic management on the performance of the organization.
  2. Investigate the factors militating against strategic management in Krisoral group of companies.
  3. Investigate the impact of strategic management on companies sustainability in competition market.

1.4 Research Questions

The following research questions guide the objective of the study.

  1. What is the impact of strategic management on the performance of the organization?
  2. What are the factors militating against strategic management in Krisoral group of companies?
  3. Does strategic management have a positive impact on companies sustainability in competition market?

1.5 Significance Of The Study

This research will also add to the current body of literature on this subject and will also act as a resource for academics, researchers, and students interested in conducting future research on this or a similar topic.


1.6 Scope Of The Study

The study seeks to investigate the impact of strategic management on the performance of the organization, and also investigate the strategic method the management of the Krisoral group of companies applies, and lastly, investigate the impact of strategic management on the level of competition. The Krisoral group of companies is located in Onitsha, Anambra state,


1.7 Limitation Of Study

The study was limited to the Krisoral group of companies, hence the results will be based on the response from that particular group.


1.8 Definition Of Terms

Strategic Management:

Strategic management is the ongoing planning, monitoring, analysis, and assessment of all the necessities an organization needs to meet its goals and objectives.

Organizations Performance:

Organizational performance comprises the actual output or results of an organization as measured against its intended output.


Chapter Two


Literature Review

Introduction

Our focus in this chapter is to critically examine relevant literature that would assist in explaining the research problem and, furthermore, recognize the efforts of scholars who have previously contributed immensely to similar research. The chapter intends to deepen the understanding of the study and close the perceived gaps.


An Assessment Of Strategic Management And Its The Effect On Organizations Performance (A Case Study Of Krisoral Group Of Companies Limited Onitsha)


Project Material Download

3,000 Naira


The complete material will be sent to you in just 2 steps.

Quick & Simple…


Step One Purchase

Make payment of ₦3,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

FOR CLIENTS OUTSIDE NIGERIA:
Click Here to pay with Debit Card ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • An Assessment Of Strategic Management And Its The Effect On Organizations Performance (A Case Study Of Krisoral Group Of Companies Limited Onitsha)

The complete material will be sent to your email address after receiving your payment information | T & C Apply


  Contact Our Help Desk


You may also like:

⚠️ Need a different topic? Perform a quick search



Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


Disclaimer


This research material “An Assessment Of Strategic Management And Its The Effect On Organizations Performance (A Case Study Of Krisoral Group Of Companies Limited Onitsha)” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “An Assessment Of Strategic Management And Its The Effect On Organizations Performance (A Case Study Of Krisoral Group Of Companies Limited Onitsha)” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.