INFLUENCE OF STRATEGIC LEADERSHIP ON PERFORMANCE OF PHARMACEUTICAL ORGANIZATIONS IN KENYA
Strategic management universally is applied to improve institutional results. The principles and activities related to strategic management as well as strategy adoption are important and relevant to the public, private and non-governmental institutions across the globe. Pharmaceutical organizations across the world continue to adopt strategic management traditions with an objective of improving their performance. From conducted analyses, there is evidence showing an existence of a strong positive association among strategy implementation and organization performance although the extent to which strategic management contributes to improvement of organizational performance is still a matter of argument because of the varied results which are found in empirical research. Majority of firms’ battle with the strategy implementation phase and the effort advanced remains insufficient in attainment of the targeted outcomes. The study’s basic idea was to establish the impact by strategic leadership towards the results of Kenyan pharmaceutical organizations. It was the Upper Echelon Theory guiding the study. A descriptive research and correlation research design was employed in the study. The participants targeted was from the 3541 employees working staff across the 30 pharmaceutical organizations. Yamane statistical formula was used to sample 359 respondents. Stratified and simple random samplings were adopted to select the respondents. Measures of mean and standard deviation were applied in indicating central tendency and dispersion respectively, while inferential statistics that included multiple regression and correlation analysis were used. The results for Pearson correlation indicated that leadership has positive influence on organization performance (r=0.308 p=0.00). The impact by Strategic leadership towards the company results was statistically significant-give beta coefficient=0.821, t value= 17.615 and p=0.000 value. The recommendation from the study is that the institutional leadership ought to undertake adoption of effective human resource management plans. Pharmaceutical organizations need to supervise their institutional processes in order to realize improved results and general business success.
Keywords: Strategy Implementation, Strategic Leadership, Organization Performance