Abstract:
The motive behind the study was to investigate determinants for effective implementation of
strategic plans in financial cooperatives. The study was conducted in Savings and Credit Co operative Society - Lutheran Church Northern Diocese -Moshi. The specific objectives were
to identify the factors for effective implementation of strategic plan in SACCOs, evaluate the
contribution of determinant to effective implementation of strategic plan in SACCOs and
comparison between actual and expected result of strategic plan implementation from 2010
to 2015. The research used descriptive research design and principal component factor
analysis was used to identify determinant factors for effective implementation of strategic
plan. Simple random sampling was used to select 40 respondents (members) and purposive
sampling was used to select 20 key informants, where both primary and secondary data were
collected. The data collected were analyzed using simple descriptive statistics and an
explorative statistical method such as principal component factor analysis. From factor
analysis, the study established that financial adequacy, training, leadership involvement;
human resource, information and technology are the most important determinants of effective
implementation of strategic plans in SACCOs. Also, findings reveal that 70% of the strategic
plan activities were implemented. The study concluded that for the success of SACCOs in the
turbulent and competitive business environment, adequate financial, proper training to
members, leadership involvement, human resource, information and technology are vital in
the effective strategic plan implementation in SACCOs. The study recommends members and
staffs to be given training and adequate resources such as finance for strategic plans
implementation activities.
