Strategic Restructuring on Performance of Corporations in TransNzoia County, Kenya

Abstract: The purpose of the study was to investigate strategic restructuring and organizational performance in corporations in TransNzoia County. The study was guided by the following specific objective; to determine the effect of managerial restructuring on performance in corporations in TransNzoia County, Kenya, The study was premised on resource based view theory. The study utilized a descriptive research design. The target population of the study were the top management and middle management of corporations in TransNzoia County based in corporations in TransNzoia County where the unit of analysis were Managers from operations, finance, legal, procurement, ICT and Human Resource. The study adopted census since the target population was small. The study used primary data and secondary data. Primary data was collected by use of semi-structured questionnaires whereas secondary data was collected from company annual reports, published journals and existing researches. Collected data was checked for correctness and analysed quantitatively by use of Statistical Package for Social Science (SPSS) version 29 tool. Descriptive analysis was determined by use of mean and standard deviation while regression analysis was determined by model summary, ANOVA and regression coefficients. Correlation analysis was computed to determine the nature of relationship between the variables. Analysed data was presented in frequency tables and charts where necessary for ease of interpretation. This would result in cost reduction and improved decision making. Based on the findings, the study concluded that managerial restructuring β1=0.499, p value= 0.004) was considered significant since the p value 0.000 was less than the significant level of 0.05. The study came up with the following recommendations; the corporations should embrace effective communication, align the new structure with the strategic goals of the organization since successful managerial restructuring requires careful planning. The firm should align management goals with organizational goals for potential cost savings and reduced overhead. They should embrace a continuous learning initiatives, a culture of positive values, understanding, thinking, and feeling for a powerful and positive influence on employee behavior. The company should embrace continuous improvement approach focusing on customer satisfaction and involving all employees in the organization and meet the desired objectives and making adjustments as necessary.The firms should focus on implementing technology to automate repetitive and time-consuming tasks on redesigning and optimizing business processes to improve efficiency, quality, and effectiveness and this can involve eliminating redundancies, streamlining workflows, and implementing new technologies or methodologies. The management of company should streamline operations to cut costs and improve profitability making the organization more responsive to external changes, such as market dynamics or regulatory shifts and that the company should reduce the number of levels in the hierarchy to cut costs and improve agility. Keywords: Managerial Restructuring, Strategic Restructuring, Performance of Corporations. Title: Strategic Restructuring on Performance of Corporations in TransNzoia County, Kenya Author: Marlone Barasa Chemiati, Dr. Elizabeth Nambuswa Makokha, Stanley Kipkemoi Soi International Journal of Recent Research in Social Sciences and Humanities (IJRRSSH) ISSN 2349-7831 Vol. 11, Issue 3, July 2024 - September 2024 Page No: 166-176 Paper Publications Website: www.paperpublications.org Published Date: 30-September-2024 DOI: https://doi.org/10.5281/zenodo.13860942 Paper Download Link (Source) https://www.paperpublications.org/upload/book/Strategic%20Restructuring-30092024-2.pdf