Assessing the Effects of Selected Factors on the Alignment of Projects with Corporate Strategy in the Ethiopian Banks: The Case of Commercial Bank of Ethiopia, Awash Bank and Dashen Bank
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Date
2021-03
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Addis Ababa University
Abstract
Alignment of projects with corporate strategy is a norm for most organizations in
order to prioritize, implement projects and successfully complete projects, and achieve
the corporate strategic objectives. The aim of this study was to examine the Effect of
Selected Factors on the Successful Alignment of Projects with the Corporate Strategy
in the Ethiopian Banks, tasking the case of CBE, AB and DB. The study pursued to
identify if Top Management Support, Organizational Structure, Team Building,
Communication System, and Monitoring and Evaluation have effect on the successful
alignment of projects with the corporate strategy in the selected banks. The researcher
adopted both primary and secondary sources of data. The primary data were collected
through questionnaires and interview. The researcher then implemented both
qualitative and quantitative (mixed) research approach. The questionnaire data were
analysed using descriptive statistics, correlations, and multiple linear regression
analysis and the data from interview were triangulated with the descriptive part of
analysis. The Pearson correlation result has shown that the independent variables of
Top Management Support, Organizational Structure, Team Building, Communication
System and Monitoring and Evaluation have strong positive association with the
dependent variable of Successful Alignment of Projects with the Corporate Strategy in
CBE, AB and DB with values of 0.618, 0.501, 0.545, 0.518 and 0.590 respectively.
The results of multiple regressions revealed that Top Management Support,
Organizational Structure, Team Building, Communication System and Monitoring and
Evaluation have positive and significant effect on the successful alignment of projects
with the corporate strategy in the selected three Banks. Finally, the researcher
provides possible recommendations that were associated with the study findings and
suggests further study on the area.
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Keywords
Project Management, Corporate Strategy, Banking Industry, Alignment of Projects with Corporate Strategy