Browsing by Author "Wondwosen Tadesse"

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    Assessment of the Strategic Management and Organizational Performance: In the Case of Hibret Bank
    (Addis Ababa University, 2022-06) Wondwosen Tadesse; Abdurezak Mohammed (PhD)
    The purpose of this study was to assess the effect of strategic management on the organization performance of Hibret bank. Explanatory research design was applied. Secondary and Primary data was utilized in this study. Secondary data was obtained from reviewing text books, publications, financial records and internal records of Hibret bank. Primary data was gathered with the aid of questionnaires and interview. 344 questionnaires were sent to employees of the bank and 331 responses were obtained representing a response rate of 96.2%. The results of the study revealed that though the bank has well documented strategy that prepared by a foreign consultant, employees were unaware of it. The formulation and evaluation process were not participatory to stakeholders including employees and middle level managers. The accessibility of the strategy itself is managed by top managers only. Employees were only participant in the implementation of strategy. Employees and middle level managers were performing a task given by top managers. They do not have a selfinitiation to perform the strategy. From inferential analysis, all independent variables, strategy formulation, strategy implementation and strategy evaluation were positively correlated with organizational performance. Strategy Implementation (r=.219**), strategy formulation,(r=.181**) and strategy evaluation (r=.120*). The linear combination of the independent variable was significantly related to the dependent variable, R=.319a, R square=. 102 adjusted R square=.094. Strategy implementation has b value .061 (p<0.05), strategy evaluation beta value .263 p<00, strategy formulation beta value .314, P<0.01. The study recommends the bank should participant all stakeholders and create belongings of the strategy and include in all phases of the strategy formulation, implementation and evaluation. Key words: strategy formulation, implementation, evaluation and organizational performance