Effect of Strategic Management Practices on Performance of Private University Colleges in Ghana

This study get its inspiration from foundational ideas of Resource-Based Theory (RBT) introduced by Penrose (2009). This study endeavours at providing answers to the research questions by testing three (3) related hypotheses. The general objective of this research study is to evaluate the effect of strategic management practices on performance of four private universities identified within the territories of Awutu Senya East and Ga South municipal District of the Greater Accra. In conducting research, the study employed a mixed method approach. The target population for this study were all the management and staffs in the various four universities. The study used the non-probability (purposive) sampling method. A sample size of the study was one hundred and two (152) management and staffs. Data was collected through the issue of a structured questionnaire made up of twenty (20) questions was administered to various selected private universities. The result for both dependent and independent variables analysed and interpreted with the help of Statistical Package for Social Sciences (SPSS) version 24 and MS Excel. The study establishes the R2 to be 0.667 implying that 66.7% of performance of private universities in Ghana is explained by strategy formulation, strategy implementation, strategy evaluation leaving (22.3%) unexplained. The study suggest to the private university authorities should engage or seek more participation from the lecturers and other staff when formulation of universities mission and vision for improvement in the performance of the college.