Impact Of Succession Planning On The Performance And Sustainability Of Manufacturing Firms (A Study Of Some Selected Multinational Companies In Nigeria) :- Inah, Angela F

ANGELA FUNKE | 128 pages (28916 words) | Projects
Business Administration | Co Authors: INAH

ABSTRACT

This study examines the impacts ofsuccession planning on the performance and sustainability of the manufacturing firms: A study ofsome selected multinational companies in Nigeria. The selected manufacturing companies are Seven-up and Coca-Cola Bottling Company Pic., Nigeria. Beyond the broad objective, the study sought specifically to; identify the tools/methodologies that the organizations employ in their succession planning programmes, find out the impact ofsuccession planning on the organizational performance and sustainability, find out factors affecting succession planning programmes in the organizations, and identify how the organizations measure/evaluate their succession planning programmes. The researcher employed survey research design and primary and secondary data were used. Based on the population of 683 staffof both organizations, a normal confidence level of 95% and error tolerance of 5% were used to deduce the sample size of 252 using Taro Yamen formula, while 221 questionnaires were returned from the two organizations which form the basis for the data analysis. Descriptive statistics and Multiple Regression analysis were used to analyse the objectives while Multiple Regression analysis, Pearson Product Moment Correlation analysis and Chi-square x2 were used test the null hypotheses posited with the help of SPSS version 20. The major findings revealed succession planning policy, agency succession planning assessment, competency gap analysis template, sample succession policy and candidate training and development plan, annual succession plan checklist and sample emergency succession plan were the tools/methodology that the organization employ in their succession planning programmes. With regards to the impacts that succession .planning have-on the performance and sustainability of the two organizations, the study showed that: identifying key position, building job profile for each position competency gap analysis, development opportunities and maintaining skills Inventory, which are succession planning variables are significant and positively related to the performance sustainability of the organizations at 1% level of significant, while the individual development opportunities is positively related to the performance and the sustainability of the organization at 5% level of significance. The result further revealed that lack of training and inability of clarifying career path were the major factors affecting the succession planning of the organizations. The researcher concluded that corporate succession planning is essential for any organizations to achieve consistent performance, and is imperative to achieving organisational sustainability and competitive advantage within the industry. Thus recommends that the two organizations should employ all the necessary resources required to maintain and sustain their succession planning programme so as to ensure further advancement, and the need to unlock the potentials oftheir employees through adequate training and development programmes which will enable them to sustain the positive impact of succession planning in the organization and serve as panacea to other problems affecting the organizations succession planning programmes was also emphasized. 

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

ANGELA, F (2025). Impact Of Succession Planning On The Performance And Sustainability Of Manufacturing Firms (A Study Of Some Selected Multinational Companies In Nigeria) :- Inah, Angela F. Repository.mouau.edu.ng: Retrieved Aug 13, 2025, from https://repository.mouau.edu.ng/work/view/impact-of-succession-planning-on-the-performance-and-sustainability-of-manufacturing-firms-a-study-of-some-selected-multinational-companies-in-nigeria-inah-angela-f-7-2

MLA 8th

FUNKE, ANGELA. "Impact Of Succession Planning On The Performance And Sustainability Of Manufacturing Firms (A Study Of Some Selected Multinational Companies In Nigeria) :- Inah, Angela F" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 11 Aug. 2025, https://repository.mouau.edu.ng/work/view/impact-of-succession-planning-on-the-performance-and-sustainability-of-manufacturing-firms-a-study-of-some-selected-multinational-companies-in-nigeria-inah-angela-f-7-2. Accessed 13 Aug. 2025.

MLA7

FUNKE, ANGELA. "Impact Of Succession Planning On The Performance And Sustainability Of Manufacturing Firms (A Study Of Some Selected Multinational Companies In Nigeria) :- Inah, Angela F". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 11 Aug. 2025. Web. 13 Aug. 2025. < https://repository.mouau.edu.ng/work/view/impact-of-succession-planning-on-the-performance-and-sustainability-of-manufacturing-firms-a-study-of-some-selected-multinational-companies-in-nigeria-inah-angela-f-7-2 >.

Chicago

FUNKE, ANGELA. "Impact Of Succession Planning On The Performance And Sustainability Of Manufacturing Firms (A Study Of Some Selected Multinational Companies In Nigeria) :- Inah, Angela F" Repository.mouau.edu.ng (2025). Accessed 13 Aug. 2025. https://repository.mouau.edu.ng/work/view/impact-of-succession-planning-on-the-performance-and-sustainability-of-manufacturing-firms-a-study-of-some-selected-multinational-companies-in-nigeria-inah-angela-f-7-2

Related Works
Please wait...