Effects of Strategic Management on Organisational Performance in the Mining Industry: A Study of Anglogold Ashanti Iduapriem Mine Limited

Abstract

The study examined the effect of strategic management practices on performance of AngloGold Ashanti Iduapriem Mine limited. The study specifically sought to examine the effect of strategy formulation, strategy implementation and strategy evaluation and control on AngloGold Ashanti Iduapriem Mine performance. The study used descriptive survey design and quantitative approach. The researcher used simple random sampling technique to select a sample size of 210 respondents to participate in the study. The study used questionnaire to gather primary data to address the research questions. The Mean and standard Deviation and linear multiple Regression were used to analyse the data collected. The study found that strategic management practices have statistically significant positive effect on AngloGold Ashanti Iduapriem Mine performance. The study also found that the Company systematically conducts both internal and external environmental analyses to identify the competitors’ strength and weaknesses. The mission provides direction for strategy implementation. The study concluded that strategic management practices have significant positive effect on organisational performance.