Browsing by Author "Maiyaki, Felix Sheneni"

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    INHERITANCE PLANNING AND THE ROLE OF WILLS ON LEADERSHIP SUCCESSION CRISIS RESOLUTION OF SELECTED FAMILY BUSINESSES IN KEFFI. NASARAWA STATE
    (Department of Entrepreneurship Studies, Nasarawa State University Keffi, 2022-09-09) Paul, Vincent; Ahmed, Hajarah Hassan; Kalu, Idika; Maiyaki, Felix Sheneni
    In this study, the focus was on the investigation o f inheritance planning and the role o f Will's writing on leadership succession crisis resolution in family businesses. The study specifically aimed at finding out the types o f a succession crises and how they injluence family business sustainability. Also, the study finds out how well family business owners engage in inheritance planning and wills that help in resolving leadership succession crises and fostering business sustainability. This study adopts a survey research design and used randomly enrolled participants for data development. A total o f 145 responses were validated from the enrolled participants and all responses were drawn from family business owners in the Keffi Local Government Area o f Nasarawa State. In addition to the information gatheredfrom the family business owners, interviews were conducted and copies o f questionnaires were filled by the judges o f the Upper Area Court 1 and 2 and the Chief Magistrate Court, all in Keffi. The findings indicated the following: Wills enable the ease o f estate administration, and most business owners in Keffi do not engage in Will writing thereby leading to litigations during leadership succession. The lawsuit process takes a long span o f time during which the business suffers and incurs huge losses. It was discovered that in Islamic law, a founder has no explicit right to will his/her business to an inheritor as his or her estate is distributed based on the tenets o f Islam, unlike the Christian and other religions that allowed their own open intention. The recommendations were: Family business owners should imbibe the culture o f inheritance planning as it proves to ensure a smooth transition o f leadership in the organization, Family business owners should also engage in wills writing to assist in ensuring that the plan for their business is executed and also protects the business assets. The sustainability o f a business is key as it not only contributes to family wealth but also to the economy o f the nation. Hence, when a family business is undergoing litigation, the court should ensure it is properly managed by capable hands consideringthe sensitivity o f fam ily values.
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    ROLE OF FAMILY-SUCCESSION CRISIS ITS RESOLUTION, AND FAMILY THERAPY ON FAMILY BUSINESS PERFORMANCE IN NASARAWA STATE, NIGERIA
    (Department of Entrepreneurship Studies, Nasarawa State University, Keffi., 2022-12-12) Paul, Vincent; Tanko, Abdul Tukur; Maiyaki, Felix Sheneni; Adegbe, Andrew Ameh
    Many businesses are trapped on the issue of who will be succussed after the founder/leader is no longer controlling the helm of affairs. The study adopted the survey research design in which the population comprise selected family businesses in Nasarawa State, Nigeria. The study sampled 145 respondents who were purposively drawn from the entire population where data was analyzed using the regression method with the aid of the SPSS package. It was revealed that succession crisis resolution and family therapy have a significant and positive effect on family business performance. The study recommends among other issues that family business owners should imbibe the culture of leadership succession crisis resolution as it proves to ensure a smooth transition of leadership succession in the organization. furthermore, owners and managers of family businesses should engage their workers in psychological therapy, so as to enable them to be more productive within and outside the business environment