Effect of Financial Resources on Successful Strategy Implementation in Public Universities in Kenya: A survey of Selected Universities in Nairobi County (original) (raw)

Financial resources are an important component in successful strategy implementation. This study sought to assess the effect of financial resources on successful strategy implementation in public universities in Kenya with emphasis on universities in Nairobi County. Purposive sampling was used to select the three public universities. Questionnaires were used to collect data. Cronbach alpha was calculated using split half method. A Cronbach alpha value of 0.946 confirmed reliability of data collection instruments (Zikmund, 2013). Analysis of data was done using descriptive statistics, that is, means and standard deviation. To test relationships between study variables, simple linear regression was used. To test for statistically significant differences in the null hypothesis, ANOVA was used. The study revealed that the universities did not get timely allocation of financial resources, the universities provided a budget to faculty for implementation of strategic objectives, and the universities had adequate budget to implement strategic objectives. This study recommends that the government should allocate financial resources to public universities in good time and public universities in Kenya should come up with business ideas that can generate income for the universities.