TRANSFORMATIONAL LEADERSHIP AND READINESS FOR CHANGE IN COMMERCIAL BANKS IN MOMBASA COUNTY, KENYA
Abstract
This study examined the effect of transformational leadership on readiness for change in commercial banks in Mombasa County, Kenya. The study employed the correlational, cross-sectional survey design. The target population of the study was 98 branch managers in charge of the 98 branches of the 39 commercial banks in Mombasa County, Kenya. Primary data was collected using a structured survey questionnaire. The Statistical Package for the Social Sciences (SPSS) version 26 was the data processing tool. Descriptive statistics were used to describe the basic features of the data in the study. Inferential statistics were used to draw conclusions from the sample and generalize them to the population. The Pearson’s product moment correlation analysis was performed to confirm or deny the relationship between the study variables. The Pearson’s correlation results indicated that intellectual stimulation, individualized consideration, idealized influence and inspirational motivation had positive and significant relationship with readiness for change in commercial banks in Mombasa County, Kenya. A standard multiple linear regression analysis was performed with readiness for change in commercial banks as the dependent variable and intellectual stimulation, individualized consideration, idealized influence and inspirational motivationas the predictor variables. The regression results showed that intellectual stimulation, idealized influence, individualized consideration and inspirational motivation had positive and significant effect on readiness for change in commercial banks in Mombasa County, Kenya. The conclusion for the study was that transformational leadership positively and significantly predicts the readiness for change in commercial banks in Mombasa County, Kenya. The study recommended that it is imperative for the managers to implement transformational leadership to foster the readiness for change in commercial banks. Policy makers should consider initiating policy review to encourage stakeholders to implement transformational leadership to foster the readiness for change in commercial banks. The study points to several intriguing paths for future research. For instance, future researchers should consider examining the moderating effect of readiness for change in the relationship between transformational leadership and performance of commercial banks in other regions or contexts.
KeyWords: Intellectual Stimulation, Individualized Consideration, Idealized Influence, Inspirational Motivation
CITATION: Gumo, P. N., & Kising’u, T. M. (2023). Transformational leadership and readiness for change in commercial banks in Mombasa County, Kenya. The Strategic Journal of Business & Change Management, 10 (2), 922–941.
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DOI: http://dx.doi.org/10.61426/sjbcm.v10i2.2642
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