An Investigation Of Strategy Implementation Challenges: The Case Of Zimbabwe Stock Exchange Listed Manufacturing Companies

Table of Contents

Table of Contents ..................................................................................................................................................... 1

Chapter 1 .................................................................................................................................................................. 3

Introduction .............................................................................................................................................................. 3

1.0 Introduction ............................................................................................................................................... 3

1.1 Background of the Study ........................................................................................................................... 3

1.2 Problem statement ..................................................................................................................................... 4

1.3 Main Topic ................................................................................................................................................ 5

1.4 Conceptual Framework ............................................................................................................................. 5

1.5 Sub Research Questions ............................................................................................................................ 7

1.6 Research Objectives .................................................................................................................................. 7

1.7 Significance of the Study .......................................................................................................................... 8

1.8 Delimitations ............................................................................................................................................. 8

1.9 Limitations ................................................................................................................................................ 8

1.10 Assumptions .............................................................................................................................................. 9

1.11 Abbreviations ............................................................................................................................................ 9

1.12 Chapter Summary ...................................................................................................................................... 9

Chapter 2 ................................................................................................................................................................ 10

Literature Review ................................................................................................................................................... 10

2.1 Introduction ............................................................................................................................................. 10

2.2 Strategy Formulation ............................................................................................................................... 10

2.3 Strategy Implementation ......................................................................................................................... 12

2.4 Strategy implementation challenges ........................................................................................................ 16

2.5 Zimbabwe’s manufacturing sector’s strategy formulation and implementation challenges ................... 18

2.6 Gap Analysis ........................................................................................................................................... 19

2.7 Chapter summary .................................................................................................................................... 20

Chapter 3 ................................................................................................................................................................ 21

Research Methodology .......................................................................................................................................... 21

3.0 Introduction ............................................................................................................................................. 21

3.1 Methodological approach ........................................................................................................................ 21

3.2 Research Philosophy ............................................................................................................................... 21

3.3 Research Design ...................................................................................................................................... 22

3.4 Quantitative Approach ............................................................................................................................ 23

3.5 Study Population ..................................................................................................................................... 23

3.6 Sample and Sampling Procedures ........................................................................................................... 23

3.7 Research Instrument ................................................................................................................................ 24

3.8 Data collection Method ........................................................................................................................... 26

3.9 Ethical Considerations............................................................................................................................. 28

3.10 Limitations .............................................................................................................................................. 28

3.11 Data Presentation..................................................................................................................................... 28

3.12 Data Analysis .......................................................................................................................................... 29

3.13 Chapter Summary .................................................................................................................................... 30

Chapter 4 ................................................................................................................................................................ 31

Data presentation, Analysis and Discussion .......................................................................................................... 31

4.0 Introduction ............................................................................................................................................. 31

4.1 Descriptive Statistics of the Research ..................................................................................................... 31

4.2 Analysis and Discussions ........................................................................................................................ 31

4.2.1 Profile of the respondents ........................................................................................................................ 31

2

4.2.1.1 Gender ................................................................................................................................................... 31

4.2.1.2 Experience ............................................................................................................................................. 32

4.2.1.3 Educational Qualifications .................................................................................................................... 33

4.2.2 Organisational position .......................................................................................................................... 34

4.2.3 Strategy formulation .............................................................................................................................. 37

4.2.4 Strategy implementation challenges ...................................................................................................... 40

4.2.4.1 The change management context .......................................................................................................... 40

4.2.4.2 Organisational culture ........................................................................................................................... 42

4.2.4.3 Organisational structure, responsibility and accountability .................................................................. 45

4.2.4.4 Leadership ............................................................................................................................................. 46

4.2.4.5 Communication ..................................................................................................................................... 49

4.2.4.6 Commitment ......................................................................................................................................... 51

4.2.4.7 Consensus ............................................................................................................................................. 53

4.2.4.8 Incentives .............................................................................................................................................. 55

4.2.5 Integrative approach to strategy implementation .................................................................................. 58

4.3 Regression Analysis ............................................................................................................................... 60

4.4 Coefficients ............................................................................................................................................ 61

4.5 Residuals Statistics ................................................................................................................................. 68

4.6 Conclusion ............................................................................................................................................. 71

4.7 Chapter summary ................................................................................................................................... 72

Chapter 5 ................................................................................................................................................................ 74

Findings, Conclusions and Recommendations ...................................................................................................... 74

5.0 Introduction ............................................................................................................................................. 74

5.1 Chapter summaries .................................................................................................................................. 74

5.2 Majors Findings ...................................................................................................................................... 75

5.3 Conclusions ............................................................................................................................................. 75

5.4 Recommendations ................................................................................................................................... 76

5.5 Areas for further study ............................................................................................................................ 77

5.6 Chapter summary .................................................................................................................................... 77

References .............................................................................................................................................................. 78

Appendix I: ............................................................................................................................................................ 83

Appendix II: ........................................................................................................................................................... 84

Appendix III: .......................................................................................................................................................... 85