The impact of succession management on small and medium enterprises’ sustainability in Lagos State, Nigeria

Francis Ezieshi Monyei; Wilfred I. Ukpere; Emmanuel Kalu Agbaeze; Solomon Omonona; Lovlyn Ekeowa Kelvin-Iloafu; Happiness Ozioma Obi-Anike

doi:10.3390/su132313489

The impact of succession management on small and medium enterprises’ sustainability in Lagos State, Nigeria

Francis Ezieshi Monyei, Wilfred I. Ukpere, Emmanuel Kalu Agbaeze, Solomon Omonona, Lovlyn Ekeowa Kelvin-Iloafu, Happiness Ozioma Obi-Anike

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

This study investigated the impact of succession management on small and medium enterprises’ (SMEs’) sustainability in Lagos, Nigeria. The study adopted a descriptive survey research method and its participants were selected from five SMEs across Lagos State, based on their number of years of operating, staff strength, and branch locations. The enterprises included Gnakk Enterprises, Dreamville School, Vitus Cosmetics, Osi Ventures, and Chijioke Frozen Foods. The Pearson product moment correlation coefficient was used to analyze the hypotheses, which revealed that succession management had a positive correlation (r = 0.934, p-value < 0.05) with corporate sustainability amongst SMEs in Lagos State, Nigeria. Hence, the study concluded that in respect of strategic recruitment, succession management attracts and assists to retain a high performing skilled labour force.

Original language	English
Article number	13489
Journal	Sustainability
Volume	13
Issue number	23
DOIs	https://doi.org/10.3390/su132313489
Publication status	Published - 1 Dec 2021
Externally published	Yes

Keywords

Capability
Leadership
Organization
Survival
Workforce

ASJC Scopus subject areas

Computer Science (miscellaneous)
Geography, Planning and Development
Renewable Energy, Sustainability and the Environment
Building and Construction
Environmental Science (miscellaneous)
Energy Engineering and Power Technology
Hardware and Architecture
Computer Networks and Communications
Management, Monitoring, Policy and Law

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3390/su132313489

Cite this

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title = "The impact of succession management on small and medium enterprises{\textquoteright} sustainability in Lagos State, Nigeria",

abstract = "This study investigated the impact of succession management on small and medium enterprises{\textquoteright} (SMEs{\textquoteright}) sustainability in Lagos, Nigeria. The study adopted a descriptive survey research method and its participants were selected from five SMEs across Lagos State, based on their number of years of operating, staff strength, and branch locations. The enterprises included Gnakk Enterprises, Dreamville School, Vitus Cosmetics, Osi Ventures, and Chijioke Frozen Foods. The Pearson product moment correlation coefficient was used to analyze the hypotheses, which revealed that succession management had a positive correlation (r = 0.934, p-value < 0.05) with corporate sustainability amongst SMEs in Lagos State, Nigeria. Hence, the study concluded that in respect of strategic recruitment, succession management attracts and assists to retain a high performing skilled labour force.",

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author = "Monyei, {Francis Ezieshi} and Ukpere, {Wilfred I.} and Agbaeze, {Emmanuel Kalu} and Solomon Omonona and Kelvin-Iloafu, {Lovlyn Ekeowa} and Obi-Anike, {Happiness Ozioma}",

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AU - Monyei, Francis Ezieshi

AU - Ukpere, Wilfred I.

AU - Agbaeze, Emmanuel Kalu

AU - Omonona, Solomon

AU - Kelvin-Iloafu, Lovlyn Ekeowa

AU - Obi-Anike, Happiness Ozioma

PY - 2021/12/1

Y1 - 2021/12/1

N2 - This study investigated the impact of succession management on small and medium enterprises’ (SMEs’) sustainability in Lagos, Nigeria. The study adopted a descriptive survey research method and its participants were selected from five SMEs across Lagos State, based on their number of years of operating, staff strength, and branch locations. The enterprises included Gnakk Enterprises, Dreamville School, Vitus Cosmetics, Osi Ventures, and Chijioke Frozen Foods. The Pearson product moment correlation coefficient was used to analyze the hypotheses, which revealed that succession management had a positive correlation (r = 0.934, p-value < 0.05) with corporate sustainability amongst SMEs in Lagos State, Nigeria. Hence, the study concluded that in respect of strategic recruitment, succession management attracts and assists to retain a high performing skilled labour force.

AB - This study investigated the impact of succession management on small and medium enterprises’ (SMEs’) sustainability in Lagos, Nigeria. The study adopted a descriptive survey research method and its participants were selected from five SMEs across Lagos State, based on their number of years of operating, staff strength, and branch locations. The enterprises included Gnakk Enterprises, Dreamville School, Vitus Cosmetics, Osi Ventures, and Chijioke Frozen Foods. The Pearson product moment correlation coefficient was used to analyze the hypotheses, which revealed that succession management had a positive correlation (r = 0.934, p-value < 0.05) with corporate sustainability amongst SMEs in Lagos State, Nigeria. Hence, the study concluded that in respect of strategic recruitment, succession management attracts and assists to retain a high performing skilled labour force.

KW - Capability

KW - Leadership

KW - Organization

KW - Survival

KW - Workforce

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ER -

The impact of succession management on small and medium enterprises’ sustainability in Lagos State, Nigeria

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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