Department of Entrepreneurship

Permanent URI for this community

https://keffi.nsuk.edu.ng/handle/20.500.14448/2005

Browse

Browsing Department of Entrepreneurship by Author "Abdullahi, Bariratu"

Now showing 1 - 1 of 1
  • Thumbnail Image
    ItemOpen Access
    EXAMINING THE STRATEGIES OF FILLING SENIOR POSITIONS FOR EFFECTIVE SUCCESSION OF SELECTED BUSINESS ENTERPRISES IN NIGERIA
    (Department of Entrepreneurship Studies, Nasarawa State University, Keffi., 2020-08-20) Paul, Vincent; Abubakar, Lamino Hauwa; Abdullahi, Bariratu
    Effective succession planning is a critical factor for any organization yearning sustainable performance, growth, internal effectiveness and efficiency, and avoiding defenselessness to decline and collapse of the enterprise. This study examines the strategies of filling executive positionsof selected business enterprises in Northern States Nigeria. The population of this study comprised of six hundred and fifty four (654) selected businesses registered with Corporate Affiars Commission (CAC) of Nigeria as at January 2018 which were examined in Northern States of Nigeria. Out of the total population, five hundred and twenty (520) firms provide the required, valid and reliable information as they have transited and are in their second, third generations and above. study uses frequency counts andpercentages to analyse the data collected. It was found that the business enterprises are motivated to fill their executive positions both by the need for recursion and adaptation. It is also found that management takes into consideration the possession of relevant experience and the company’s culture when bringing in new executives as successors. The study recommended that since the managements of these organisations takes the organisations’ culture as very important in the recruitment of executives to top positions, they should rather develop an internal strategy of grooming their own executives since they are much more likely to be familiar with the organisations’ culture instead of employing external executive who must study the system for period of time before resuming action for effective and efficient running of the organizations’ activities.