Assessment of Factors Influencing Strategic Management of Commercial Banks in Vietnam: An Empirical Study in the Bank for Investment and Development of Vietnam
This research article reviewed related literatures on strategic management of commercial banks; proposed the research model and measured the impact of factors on strategic management in Vietnam commercial banks. Applying the Structural Equation Modelling (SEM) based on the Partial Least Squares(PLS) approach, the empirical study in the case of BIDV revealed that reputation factor has most positive impact on the strategic management of the bank. Other following factors have positive impact on the strategic management ranking from the highest to the lowest order including macro environment, bank resources, management style, competitiveness among rivals and structure of ownership. Based on the result of the research, the study has recommended several implications that can be highly applied for the bank management to effectively improve their strategic management in practice.