INFLUENCE OF FINANCIAL RESOURCE ALLOCATION ON IMPLEMENTATION OF STRATEGIC PLANS WITHIN THE COUNTY GOVERNMENTS OF KENYA
Purpose of the study: Examine how financial resources allocation influences the realization of efficiency in implementing of strategic plans in the county governments.
Problem statement: Many Kenyans were hopeful the devolved governments would deliver on public services effectively. However county governments have failed to deliver services and sections of the Kenyan citizens have expressed dissatisfaction with the performance of the county governments (Mwangi, Kiarie & Kiai, 2018).Therefore, this study will seek to bridge these research gaps and establish the influence of financial resource allocation on the implementation of strategic plans within the context of the county governments of Kenya.
Study methodology: The study adopted a descriptive survey research design. The study population shall constitute the 47 County Governments in Kenya. The study targeted collecting information that represents the guided knowledge of all the strategy executors within the parent county governments in the Western Kenya region which has ten (10) county governments Primary sources were accomplished through adoption of semi-structured questionnaires and interview schedules. The study instrument of data collection was tested using face validity. Reliability on the other hand tests to see if an instrument returns what it was designed for over various environments. Diagnostics analysis included normality, linearity heteroscedasticity and Auto correlation. The statistical software, SPSS was used to analyze the quantitative data.
Results of the study: Financial resource allocation has a positive and significant effect on implementation of strategic plans in county governments of Western Kenya. Moreover, the regression of coefficient revealed that there was a positive and significant relationship between financial resource allocation and implementation of strategic plans. Furthermore, the study adopted the alternative hypothesis that financial resource allocation has a significant effect on the implementation of strategic plans in county governments of western Kenya.
Conclusion and policy recommendation: The study concluded that financial resource allocation has a positive and significant effect on implementation of strategic plans in county governments of Western Kenya and is a major management activity that allows for strategy execution. The study recommended the use of available resources to fasten service delivery, hiring of professionals and encourages resource sharing in order to maximize the use of internally available resources.
Keywords: Financial Resource allocation, Strategic Plans, County Governments, Kenya
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