The Impact of Strategic Management Practices on Organizational Growth in Dangote Cement Plc, Kogi State
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Background of the Study
Strategic management involves the formulation and implementation of major goals and initiatives by an organization’s top management based on resource assessment and competitive positioning (Olawale & Hassan, 2024). Effective strategic management enhances operational efficiency, market expansion, and long-term business sustainability.
Dangote Cement Plc, as Nigeria’s largest cement producer, plays a vital role in national infrastructure development. Its operations in Kogi State contribute significantly to employment and economic growth. However, the company faces challenges such as market competition, regulatory compliance, and fluctuating demand, necessitating robust strategic management practices (Adebayo & Salisu, 2023).
Despite the recognized benefits of strategic management, there is limited empirical evidence on how these practices specifically influence organizational growth in the Nigerian manufacturing sector. This study seeks to bridge that gap by investigating the impact of strategic management practices on Dangote Cement Plc in Kogi State.
Statement of the Problem
Many organizations, including Dangote Cement Plc, struggle with aligning their strategic management practices with dynamic market conditions, leading to inefficiencies and growth limitations (Eze & Hassan, 2024). Poor strategic planning, weak execution, and ineffective performance monitoring hinder sustainable expansion.
While research has examined strategic management in multinational firms, few studies have focused on its direct impact on growth in Nigeria’s cement industry. This study aims to analyze the relationship between strategic management practices and organizational growth in Dangote Cement Plc.
Objectives of the Study
1. To examine the strategic management practices implemented by Dangote Cement Plc.
2. To assess the impact of strategic management on organizational growth.
3. To identify challenges affecting strategic management effectiveness.
Research Questions
1. What strategic management practices are employed by Dangote Cement Plc?
2. How do these practices influence organizational growth?
3. What are the challenges of strategic management implementation?
Research Hypotheses
1. Strategic management practices significantly impact organizational growth.
2. Effective strategic planning enhances profitability and market expansion.
3. Poor execution of strategic initiatives negatively affects business growth.
Scope and Limitations of the Study
The study focuses on Dangote Cement Plc’s strategic management practices in Kogi State. Limitations include limited access to proprietary business strategy data.
Definitions of Terms
• Strategic Management: The process of planning, monitoring, and implementing business strategies.
• Organizational Growth: The expansion and increased profitability of a company over time.
• Market Expansion: The process of increasing a company’s market presence through new products or locations.
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