EFFECTS OF CORPORATE RESTRUCTURING ON PERFORMANCE OF INTERNATIONAL ORGANIZATIONS: A CASE OF INTERNATIONAL FINANCE CORPORATION

Mary Wanjiku Ndege, Dr. Kennedy Ogollah

Abstract


Organizational structures incorporate a network of roles and relationships and usually help in the process of ensuring that collective effort is explicitly organized to achieve specified ends.  Organizational performance in today’s business world is a major focus for many organization, both profit and nonprofit. Performance should be broader based to include effectiveness, efficiency, economy, quality, consistency behavior and normative measures. This study sought to explore the effects of corporate restructuring on performance of international organizations with special references to International Finance Corporation. The study adopted a descriptive research design. The target population was 120 employees of International Finance Corporation at the Field office in Nairobi.  The study used stratified random sampling to select 60. The study collected both primary and secondary data. Primary data was gathered using semi-structured questionnaires.  The researcher selected a pilot group of 10 individuals from the target population to test the reliability of the research instrument. Descriptive statistics was used to summarize the data.  This included percentages and frequencies. Tables and other graphical presentations were appropriately used to present the data that was collected for ease of understanding and analysis. The study revealed that organization structure should be flexible enough to respond quickly to change, challenge and uncertainty. The study found that proper management comprises of planning, organizing, staffing, directing, and controlling for the purpose of accomplishing a goal. The established that competitiveness of an organization in an industry is fundamentally based on the size and effectiveness of the workforce. The study established that the structure of an organization needs to be costed not only for approval by senior management but also to determine the operational costs.

Key Words; Organizational Structure, Management Style, Workforce Size, Operational Costs, Performance


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References


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