Strategic Competency That Influence Financial Performance in Organizations

Abstract

The purpose of the study was to establish the strategic leadership competencies financial performance in an organization. The study was guided by questions: To what extent does leader's mentorship influence the financial organization? To what extent does leader's relationship with team performance in an organization? And to what extent does leader's financial performance in an organization? The target population under management of the following banks: StanBic Bank, Diamond Trust, Commercial Bank of Africa (CBA) and Barcyles Bank.The study adopted a stratified sampling technique. A sample of 60 respondents from the stratus where 44 responses was obtained representing 73.33% technique was used to obtain responses from the specified banks. Questionnaires data collection tool used to collect the relevant data needed for analysis. and efficient data analysis process, the data was coded, sorted and analysis where frequencies, percentages and correlation tables was generated Presentation of data was in form of tables and figures. The statistical sciences (SPSS) was used for analysis. Responses to factors on relationship between leader's mentorship influence performance in an organization were graded as "strongly agree", "disagree" and "strongly disagree". Leaders view organization's resource and leaders and employees work indecently to achieve organizational significant. On the relationship between leader's relationship with team and financial organization, the study established that: The team is responsible performance and progress; leadership help in achieving team effectiveness performance which in turn leads high financial results and high degrees facilitate followers to reach organizational goals and hence improve significant to the study. Finally on the relationship between leader's mindset and financial organization. The relationship between the board and the executive organizational success and organization performance is solely formulated were the significant factors. This study concludes that leader's mentorship influence is crucial financial performance and that leader's relationship with team promotion of financial performance and leaders - employee trust is achieve a high financial performance. The study recommends that the management of should ensure that programs is entrenched in the organization's policies with enough empowering leaders to formulate and implement strategies that are financial performance of their organization. The study also recommends be carried out on the strategies employed by commercial banks to edge over others.