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This results in the Managing Director of CBA, being in a dilemma whether to introduce the change or not.
The Kenya’s banking sector has witnessed rapid growth in the recent past resulting in a scramble for the available customers. There were 49 banks in Kenya in 2003. The banks face stiff competition and the only way to survive is by being updated on the latest Information Communication Technology (ICT) since it is an integral part of the banking institutions. ICT is considered a major focus as a strategic key in the attainment of the comparative advantage. Other factors affecting the banks are the business strategic leadership in order to define business policy formulation and the implementation boundaries...
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