IMPACT OF STRATEGIC MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE: EMPIRICAL STUDIES OF SELECTED FIRMS IN LIBYA

Adel Ramadan; Homayoun   Pasha Safavi

doi:10.47654/v26y2022i2p97-115

Authors

Adel Ramadan PhD Assistant Corresponding Author
Homayoun Pasha Safavi Author

DOI:

https://doi.org/10.47654/v26y2022i2p97-115

Keywords:

Strategic Client Focus, Strategic Human Capital, Strategic Management Outcomes, Technology, Libyan Firms, Libyan banks

Abstract

Purpose- The question of how the business organization makes and executes their organizational policies, programs, action plans, and how they follow through with their implementation remains of paramount significance to the organization. This study investigates the impacts of strategic client focus, strategic human capital, strategic management outcomes, and technology on organizational performance.

Material and Methods- Data collected from 408 employees of a selected organization in Tripoli, Libya was used to verify the abovementioned relationships via PLS-SEM. A structured questionnaire was utilized to extract information from respondents using primary data. The data was evaluated using the probabilistic random sampling technique.

Findings- The results revealed that strategic client focus has a significant impact on the performance of the organization The impact of strategic human capital on organizational performance is important. Organizational performance is influenced by strategic management outcomes and technology.

Research Limitations- Results in this study are limited to the Libyan banks.

Practical Implications- The outcomes of this study have crucial practical implications for organizations in Libya. The study suggests that the company's management should seek to implement strategic management drivers in addition to the other strategic management drivers assessed in this study.

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