aAssociate professor at International Leadership Institute, Ethiopia
bManaging Director – Import/Export Business, Ethiopia
The purpose of the study is to establish the effects of organization factor on strategic plan implementation in Bunna International Bank S.C. (BIB).This study employed a cross sectional survey design and used a structured questionnaire to gather data from both the Management and employees of BIB. A sample of 54management employees were selected from 151 population of BIB using stratified random sampling technique. Both descriptive statistics (means, standard deviation) and inferential statistics (regression analysis and correlation analysis) were used in analyzing the data. The hypothesis that organization alignment and organization culture influences strategic plan implementation was found to have significant effect on the organization performance of BIB. Both resource allocation and work environment were found to have significant positive influence on strategic plan implementation, while resource allocation generally had stronger effects than work environment. Organization culture and alignment was found to have insignificant but positive effect on strategic plan implementation. The recommendations are that BIB should need to have organization alignment is good for companies who have long known that for them to be competitive they ought to develop a good strategy first before developing an appropriate realignment of stuff, systems operations, directors and employees. It therefore recommends for better use of right person and right position, secondly is elimination of the unnecessary errors of alignment to be made and identifies problems that may arise beforehand, lastly, is the aspect of improved communication between the avoidance employee and the person creating the organizational goals; strict accountability measures for its staff so that all resource allocation decisions are thoroughly inspection and that there is monitoring system for all allocations. This would also ensure that all resource allocation decisions serve the best interest of the organization; consider employees as being the key contributors to the strategic plan implementation and thus there is need to always involve them in the entire organization process so as to introduce a new culture in the organization set up.
Strategic plan, Strategic planning process, Resource allocation, Organization alignment, working environment, Organization culture