Author:
E. O. Akinniyi ,O. M. Idowu ,U. G. Marafa ,U. T. O. Moyo
Abstract
Staff training and development strategies are considered a ‘sine qua non’ for a sustainable leadership succession in any organisation. This descriptive survey research design sought to ascertain the level of implementation of training strategies for leadership succession in small and medium scale construction companies in the study area. A questionnaire with 5-point rating scale was employed to elicit responses from 93 CEOs on staff training and development strategies including policies and procedure, opportunities, funding, and incentives and rewards for training. A hypothesis was formulated, and tested with t-Test, to determine any difference in the responses between the small and the medium scale companies under study. Results indicated that even though the respondents practiced some of the strategies without funding in the mean, they are generally indifferent to leadership succession through staff training. There was no significant difference in the mean responses of the small and the medium scale construction companies. It was recommended that the construction companies be more committed to effective leadership succession by organising and funding training workshops and seminars for staff.
Publisher
Granthaalayah Publications and Printers
Reference51 articles.
1. Adelaja, A. O. 2006). The Importance of SMSEs in a Developing/Underdeveloped Economy: Nigeria Case Study. Journal of Business Economics, 7, 157-170
2. Rough Family Justice: Equity in Family Business Succession Planning
3. Family Business Review, 3(1), 3-22.
4. Bernard, H. R. (2013). Family-owned businesses- the backbone of Indian economy. Retrieved August 20, 2016 from http://www.kpmgfamilybusiness.com/family-owned-businessesbackboneindia’s-economy/
5. Family Business Succession: Suggestions for Future Research