Title: Effect of internal factors on strategic management practices of deposit money banks in South West, Nigeria

Authors: Chinwe Chibuzor Etonyeaku; Adeyemi Oluwaseun Adepoju; Muftau Adesina Abayomi; Olalekan Aquila Jesuleye

Addresses: School of Logistics and Innovation Technology, Federal University of Technology, Akure, P.M.B. 704, Akure, Ondo State, Nigeria ' School of Logistics and Innovation Technology, Federal University of Technology, Akure, P.M.B. 704, Akure, Ondo State, Nigeria ' School of Logistics and Innovation Technology, Federal University of Technology, Akure, P.M.B. 704, Akure, Ondo State, Nigeria ' School of Logistics and Innovation Technology, Federal University of Technology, Akure, P.M.B. 704, Akure, Ondo State, Nigeria

Abstract: Organisations differ in their capacity to manage and implement strategies as internal operations determine their strengths and weaknesses, as well as develop strategic plans to exploit environmental opportunities. This paper assesses the effect of internal factors on strategic management practices (SMPs) of deposit money banks (DMBs) in South West, Nigeria. Multistage sampling procedure was adopted to obtain 384 questionnaires from various cadres in the DMBs. Data analysis was conducted using partial least square structural equation modelling (PLS-SEM) with SmartPLS version 3. The findings of the study revealed that communication system, financial capacity, and human capital constructs were positive and significant predictors of SMPs, whereas others were not significant. This suggests that DMBs should leverage the communication system to enhance the effectiveness of SMPs and ensure that adequate financial resources are allocated to enhance the business operations of the DMBs. We further provide implications and draw conclusion from the findings.

Keywords: internal factors; PLS-SEM; strategic management practices; SMPs; deposit money banks; DMBs; Nigeria.

DOI: 10.1504/IJSCM.2022.131212

International Journal of Strategic Change Management, 2022 Vol.8 No.1, pp.21 - 58

Received: 25 Oct 2021
Accepted: 04 Jul 2022
Published online: 01 Jun 2023 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article