Influence of Tactical Environment Fit and Performance of Saving Schemes Organizations. A Critical Literature Review

Abstract

Purpose:  Pension funds are the principal sources of retirement income for millions of people in the world. Pension schemes contribute significantly to the reduction in old-age poverty since a large proportion of the incomes of retirees is derived from their previous pension arrangements. These investments are key to attaining success thus ensuring increased firm valuation. The overall objective of this study was to examine influence of tactical environment fit and performance of saving schemes organizations. Methodology: The paper used a desk study review methodology where relevant empirical literature was reviewed to identify main themes and to extract knowledge gaps. Findings: The study concluded that essentially, an organization should work towards ensuring a continuous strategic fit to political, economic, socio-cultural and technological factors in its operating environment because the environment factors are highly dynamic factors and they are all related to each other. Unique Contribution to Theory, Policy and Practice: The study recommended that organization should be keen on following technological changes because the field is highly dynamic and rapidly as compared to the political, economic and socio-cultural factors. The organization should also engage government more intensely for development of more legislation and sector related policy. Because environmental factors change continuously the researcher deems it worthwhile to conduct a related research in future on the retirement benefits authority to see if it yields similar results.