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Media type:
E-Article
Title:
Influence of post-merger restructuring on organizational development : A case of Stanbic Bank Kenya Limited
:
A case of Stanbic Bank Kenya Limited
Contributor:
Madara, Joseph;
Mwaura, Peter;
Gichuhi, David
imprint:
Center for Strategic Studies in Business and Finance SSBFNET, 2021
Published in:International Journal of Research in Business and Social Science (2147- 4478)
Language:
Not determined
DOI:
10.20525/ijrbs.v10i7.1408
ISSN:
2147-4478
Origination:
Footnote:
Description:
<jats:p>Corporate mergers are important for organizations to position themselves for growth and development. Stanbic Bank was formed as a result of a merger between CFC Bank and Stanbic Bank. Anecdotal evidence suggests that the merger has led to positive outcomes, but specific aspects of the merger that have contributed towards the organizational development of Stanbic Bank remain unclear. The study investigated the influence of Post-Merger Restructuring on the organizational development of Stanbic Bank Kenya. It was guided by efficiency theory and collected data from 27 branch managers and 9 senior sectional heads using a semi-structured questionnaire where a 75% response rate was achieved. Data were analyzed using descriptive and inferential statistics. Results showed that post-merger restructuring has a positive and statistically significant influence on organizational development at Stanbic Bank. The researcher concluded that post-merger restructuring had a positive influence on the organizational development of banks. The study recommends that banks should retrain their workforce, inculcate new culture, and redesign their operations in the post-merger period so as to realize the intended benefits.</jats:p>