The purpose of this thesis was to identify possible weaknesses of the current strategic management system applied within the selected bank in Ghana. Globalization of companies has strategically changed the face of management practices across the world, especially in the banking industry. The purpose of this thesis was achieved by providing answers to four major research questions which relates to the importance of strategic management practices in the Ghanaian banking industry. This thesis, therefore, sampled Barclays bank Ghana out of the entire population of the Ghanaian banking industry and both structured and an unstructured questionnaire were used to gain the primary data for the thesis. The thesis analyzed various aspects of Barclays bank strategic management and its implementation including environmental analysis. It was found that the bank is doing well by maintaining the business strategy throughout the organizational settings. Also, the bank has a well-documented strategy which is made available to top managers who review their plans when new strategies are being formulated. It was also found that even though the bank is doing well in the area of strategic management, there are a few lapses that need to be addressed during implementation of strategies. Administratively the bank inability to marshal resources, bureaucracy system within the bank affects implementation of the strategy. This thesis, therefore, recommends that the bank needs to carefully access the creditworthiness of whoever they give loans to both individuals and organizations in other to reduce their non-performing loans. Again, the bank must ensure that the core values which the bank was built on are maintained. Finally, Barclays Bank Ghana staff needs to be encouraged and trained in their business strategy and the bank’s strategic management process to help the bank grow organically
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:429533 |
| Date | January 2018 |
| Creators | Laryea, Bonaparte Odoi |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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