Dynamics of Strategic Agility Enablers on Corporate Performance of Unclaimed Financial Assets Authority in Kenya
DOI:
https://doi.org/10.70641/ajbds.v1i1.53Keywords:
Technology, Partnership, Strategic Agility, Enablers, Corporate PerformanceAbstract
The study aimed at investigating the effect of strategic agility enablers on corporate performance of Unclaimed Financial Assets Authority in Nairobi City County, Kenya. The research was anchored on the need of understanding how strategic agility through its various enablers can effectively be harnessed to enhance performance of organizations. The specific objectives of the study were to; assess the effect of technological innovations on corporate performance of Unclaimed Financial Assets Authority and examine the extent to which strategic partnerships impact corporate performance of Unclaimed Financial Assets in the Authority. The study adopted a mixed methods research approach in which an explanatory research method was used. The findings on technological innovations showed a positive relationship with corporate performance of Unclaimed Financial Assets Authority with a mean of 2.3833 while on strategic partnerships there was also in a relationship with corporate performance of Unclaimed Financial Assets Authority. The study concluded that on the technological innovation front, the Authority used internet banking to a moderate extent, digitalised processes was used to a moderate extent, business intelligence technology was used to a moderate extent while accessible and flexible databases was used to a moderate extent, too. With regard to strategic partnership, the Authority adopted outreach partnerships to a great extent, brand partnerships were adopted by the Authority to a moderate extent, product partnerships were used by the Authority for greater performance to a moderate extent, financial partnerships were used by the Authority for greater performance to a moderate extent and technology partnerships were used by the Authority for greater performance to a moderate extent. The study recommended UFAA to prioritize ongoing investment in technological innovations with the view to streamline processes, improve service delivery, ensure regulatory compliance, and enhance financial performance.
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