Impact Of Strategic Management Practices on Organizational Performance: Empirical Studies of Selected Firms in Libya

Adel Ramadan and Homayoun Pasha Safavi
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Adel Ramadan: Business Administration Department, Cyprus International University TRNC, Northern Cyprus, Mersin 10, Turkey
Homayoun Pasha Safavi: Business Administration Department, Cyprus International University TRNC, Northern Cyprus, Mersin 10, Turkey

Advances in Decision Sciences, 2022, vol. 26, issue 2, 97-115

Abstract: Purpose- The question of how a business organization makes and executes its organizational policies, programs, and 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 organization's performance. The impact of strategic human capital on organizational performance is essential. Strategic management outcomes and technology influence organizational performance. 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 and the other strategic management drivers assessed in this study.

Keywords: Strategic Client Focus; Strategic Human Capital; Strategic Management Outcomes; Technology; Libyan Firms; Libyan banks (search for similar items in EconPapers)
Date: 2022
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