Effect of Strategic Management on Organisational Learning: Evidence from the Banking Sector in Nigeria

Abstract

The study examines strategic management dimensions on Organisational learning in the banking sector with the aim of establishing the most significant construct driving organizational learning. The study is premised on the strategic implementation and strategic analysis dimensions of strategic management. The survey research design was employed in the study. 400 bank employees were surveyed through questionnaires. Data were analyzed using the regression. The result reveals that the elements of strategic management (β=0.788, R2= 0.621, F=56.733, p=0.000) combined have a significant effect on organizational learning. The study also established that strategic implementation is the most significant driver of organizational learning in the banking sector. The study was carried out in the banking sector. It is expected that the outcome may vary if such study is carried out in other industry and climate. The study shows that organisations especially those in the banking sector should place more attention to the implementation of their strategic goals as they continually analyse their internal and external environment as this will drive them to better performance. They should align their strategies with the dynamic environment in order to achieve their corporate goals. The study addresses the issue of strategic management as it drives organizational learning.