Content Vol. 3 N 5, 2017

Pages 80 - 103

The Influence of Succession Planning Strategies on the Management of State-Owned Entities in Kenya; Choge James Kipruto; Inter. J. Acad. Stud.; 3(05):80-103

Strategic decision making on strategic choices and options represent the most important product of managerial activities in the organizations. Acceleration of economic growth and industrialization shifts the paradigm and puts human capital as the nuclear of strategic choice and development. Development and implementation of succession planning strategies is one of the ingredient in Kenya Vision 2030’s key pillars. Globalization, rapid changes in ICTs, and economic recessions have subjected and exposed organizations to unpredictable and uncertain future. These have caused irreparable damage to business management. In such unstable business environments, organizations are left with no other choice but to rely on the most coveted asset: the human capital. The objective of this article was to examine the influence of succession planning strategies on the management of state-owned entities in Kenya. The findings of the study revealed positive relationship between succession planning strategy and management of state-owned entities in Kenya. State-owned entities should consider strategic positioning, building competences and employment of succession planning automated tools in order to place the organization in a competitive edge and cushion it from the harsh conditions of the business environments. Organizations and in particular the state-owned entities need to craft relevant succession planning strategies and connect their human capital with the aim of creating competitive advantage, increase key talent retention rates, increase productivity and exceed the expectations of the stakeholders. The findings of this article are useful for leaders and managers in both private and state-owned entities to select and tailor succession planning related strategies which best suits their organizational needs. 

Key words: 
Human Capital, Succession Planning Strategy, Strategic Management, State-Owned Entities 

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