Influence of Strategic Planning to Firm Performance in Agricultural Research Based Institutions of Kenya
- Yusuf W. Musi
- E. Mukulu
- M. Oloko
AbstractStrategic planning is a very crucial phenomenon in all organisations. It is the tool that determines the destiny of the firm. The objective of this study was to investigate the influence of financial resource strategic planning on firm performance, to determine influence of human capital strategic planning on firm performance, to analyze the influence of material resource strategic planning on firm performance and to determine influence of information resource strategic planning on firm performance in agriculture research based institutions of Kenya. Although there had been previous international studies in this field, no literature is evident on status of the same in agriculture based research institutions in Kenya. The study comprised of former 4 major agricultural based research institutes of Kenya, namely: Kenya Agricultural Research Institute (KARI), Coffee Research Foundation (CRF), Tea Research Foundation (TRF), and Kenya Sugar Research Foundation (KeSREF). The institutions had 2922 employees in the year 2015. The study employed descriptive research design. The sample size was 352 having been arrived at using Yamane’s (1967) formula. Results and conclusion of the study were that financial resources strategic planning, human capital strategic planning, material resource strategic planning and information resource strategic planning influence a firm’s performance in a great way.
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