- Research Article
- 10.55640/ijbms-06-03-01
Strategy Implementation and Business Performance in Nigerian Financial Institutions: Evidence from Wema Bank Plc
- Mar 24, 2026
- International journal of business and management sciences
- Olumuyiwa Abiodun + 7 more +7
Business performance in financial institutions remains uneven across emerging economies, despite sustained investments in strategic planning and reform initiatives. Attention has increasingly shifted from strategy formulation to execution, yet empirical evidence on how strategy implementation shapes organisational performance in developing financial systems remains limited. This study examines the relationship between strategy implementation and business performance in Nigerian financial institutions, using Wema Bank Plc as an empirical case. Drawing on goal-setting theory and the resource- based view, strategy implementation is operationalised through five core dimensions: strategic leadership, organisational structure alignment, communication clarity, resource allocation, and technology integration. A quantitative survey design was adopted, with data collected from 270 employees across selected branches in Lagos State. Descriptive statistics and regression analysis were used to assess the impact of strategy implementation on business performance. Findings indicate that strategy implementation has a statistically significant positive effect on business performance, with all five dimensions showing strong explanatory power. The study reinforces the centrality of execution in strategic management and offers evidence-based insights for managers seeking to translate strategic intent into measurable organisational outcomes within financial institutions.
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