| Abstract: | Strategy formulation and implementation includes the process of developing a vision and
mission, identifying environment analysis for an organization, establishing objectives,
generating alternative strategies, and choosing particular strategies to pursue accomplishment.
This study sought to assess strategic plan formulation and implementation in the case of MOHA
Drinks Industry S.C. The research design adopted was descriptive research. By using a primary
data,a questionnaire was distributed to a total of 54 employees at the Head Office. 44
respondents were found who were conversant on the strategic plan formulation and execution of
the company. The data collected was analyzed by using statistical Package for Social Sciences
(SPSS) Version 17 and the strategic plan reviewed. The major findings of the study revealed that
in the formulation, implementation and evaluation process of the strategic plan, the basic
elements of the vision, mission and value statements do not shared among employees, Lackof
fully participation of middle level and senior staffs in the process, Lack of adequate internal and
external environmental study, Lack of provision of adequate policies, manuals and procedures,
development of organizational culture, lack of employee’s motivation and reward systems more
linked with the Human Resource, which there is no strategic initiative identified. Further, in the
evaluation phase, Lack of key performance indicators and failure to take corrective action when
the strategic plan implemented failed to meet the intended outcome though it was identified that
the company provide adequate financial and technology facility resource. It is recommended that
top management commitment and the human resource capability to the strategy formulation and
implementation process, effective leadership to drive the implementation process, employee
commitment to the strategy process, rewards and incentives to encourage employees to
contribute their best to the implementation process. Furthermore, there should be strategic
evaluation process by setting key performance indicators and corrective action must be taken
when there is a deviation between the planned objectives and goals and the actual performance |
