Chummun, B.Z.; Nleya, L. The Effect of Employee Involvement in Strategic Change on the Performance of Insurance Companies in Zimbabwe. J. Risk Financial Manag.2023, 16, 409.
Chummun, B.Z.; Nleya, L. The Effect of Employee Involvement in Strategic Change on the Performance of Insurance Companies in Zimbabwe. J. Risk Financial Manag. 2023, 16, 409.
Chummun, B.Z.; Nleya, L. The Effect of Employee Involvement in Strategic Change on the Performance of Insurance Companies in Zimbabwe. J. Risk Financial Manag.2023, 16, 409.
Chummun, B.Z.; Nleya, L. The Effect of Employee Involvement in Strategic Change on the Performance of Insurance Companies in Zimbabwe. J. Risk Financial Manag. 2023, 16, 409.
Abstract
In this dynamic 21st Century global economy, managers of insurance companies cannot afford to ignore the involvement of their employees in strategic change programmes. The employee's voice in strategic change programmes is now a prerequisite for organizational performance. This study seeks to determine the effect of employee involvement in strategic change programmes through participation in decision-making, teamwork, communication, creativity, and innovation. The research approach used was quantitative to collect data from 115 respondents using a 5-point Likert scale questionnaire. The study employed the multiple regression method to analyse data using the IBM SPSS V28 software. All five constructs of employee involvement had a significant effect on the performance of insurance companies in Zimbabwe. The study findings will convince top managerial leaders of the insurance industry to acknowledge and appreciate the importance of involving employees in strategic change programmes. Besides, industry regulatory authorities can advocate for policies that encourage employee involvement in decision-making.
Keywords
employee involvement; strategic change; organizational performance; insurance companies; industry leaders
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
