Management Development and Succession Planning: An Exploratory Study of Selected Firms in Kwara and Niger States, Nigeria
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Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Ago- Iwoye Journal of Social and Behavioural Sciences
Abstract
The paper examines the relevance of management development to succession planning.
The basic issues in succession planning as well as ways of improving the implementation
of succession planning were also discussed. In carrying out this exploratory study, both
primary and secondary data were generated for use. The primary sources include a structure
interview technique and questionnaires; the secondary source is the extensive review of
related literature. The respondents are the management staff of the selected firms randomly
selected. Using the Likert five point scale the relative qualification index was determined.
That is the extent of Relative Premium placed on Succession Plan, as well as Management
Development as assisting in the implementation of Succession Planning. The findings
reveal among others that many organizations have succession plans. That, management
development assists in the implementation of succession planning. The paper recommends
that, management development should be accorded the necessary attention in terms of
quality and modernization; succession planning should be regarded as an issue that
involves everybody in an organization and also seen as life planning.
Description
Keywords
Succession Planning, Management Development, Premium, Firms, Nigeria
Citation
4(1):90-105