MONICAH WAITHIRA KAMAU1

PRESBYTERIAN UNIVERSITY OF EAST AFRICA

PROF. NEMWEL BOSIRE2

PRESBYTERIAN UNIVERSITY OF EAST AFRICA

DR. MICHAEL MUNDIA3

PRESBYTERIAN UNIVERSITY OF EAST AFRICA

CITATION: : Kamau M. W., Bosire N. & Munda M. (November, 2018). Influence of leadership styles on strategic change in Equity Bank Limited, Kikuyu branch. International Journal of Economics and Finance (IJEF) Issue No XI, Volume 4, pp 153-169.

ABSTRACT

Leadership styles have direct influence on organizational values, productivity, efficiency in performance and the organization achieving its objectives. The objective of this study will be to establish the influence of leadership styles on strategic change at Equity Bank Limited, Kenya. The specific objectives of the study are to establish how autocratic, transformational, transactional and democratic leadership styles influence strategic change in banking sector. (Equity Kikuyu Branch). This study is anchored on theories of change and leadership styles which include the following; transformational theory, social network theory and Kart Lewin Model of change. The study will adopt the descriptive research design. The target population will be drawn from the top and middle level management of the bank and general staff members whose total population will be 80. Sample size of 40 respondents will be drawn using stratified random sampling where a sample of 50% will be drawn from each stratum in the target population to provide the required information. Primary data will be collected using questionnaires. Data will be analyzed descriptively using distribution (frequency), central tendency (Mean and Median) and dispersion (Range, variance and standard deviation). This will be test relationship of variables with each other. Pearson correlation was used to determine the relationship between the dependent and independent variable. The study findings of correlation analysis showed that autocratic, transformational, transactional and democratic leadership styles were all critical on strategic change of an organizational since the analysis indicated a positive correlation (r = 0.387, α = 0.01, r = 0.230, α = 0.01, r = 0.257, α = 0.01 and r = 0.453, α = 0.01) respectively.Therefore, the finding of this research supports the research question thus any Commercial Bank Manager aiming to achieve strategic change should pay close attention to all these leadership styles.

Keywords: :Customer Focus, Customer Satisfaction, Leadership, Strategic change.
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