Absence of management transition planning in Nigerian family enterprises undermines economic growth and job creation. Family businesses contribute significantly to the economic development in Europe and North America. This Mixed methods study involving sequential explanatory design investigated and explored the connection between culture and management transition planning in Nigeria. The specific problem investigated was the incessant collapse of family businesses after the death of founders. Management transition planning and its relationship with national culture of Nigeria, from the perspectives of nonfamily managers, is the main objective of this research. A survey involving a self-developed 40-item Likert-type scale was used for collection of data for the quantitative segment of the study. One hundred managers from 10 family businesses located in Lagos and Ogun states of Nigeria participated in the survey. During data analysis, SPSS 21.0 aided the computation of Spearman’s Rank Order correlation coefficient, which revealed that cultural beliefs and values, extended family system, tradition/legacy, and lifestyles of the family business owners had negative relationship with management transition planning. The quantitative findings indicated statistically significant correlation between culture and attitudes of family business owners toward management transition planning and allowed rejection of the four null hypotheses. Five top managers of the family businesses participated in the qualitative segment by responding to semi-structured interview questions. NVivo 10 software assisted the analysis of the qualitative data. The qualitative findings supported the quantitative results. Administrators, bankers, family business entrepreneurs, and academics would obtain valuable information from the outcomes of this study.
|Commitee:||Downey, Katherine, Griffiths-Prince, Marcia|
|School:||University of Phoenix|
|Department:||School of Advanced Studies|
|School Location:||United States -- Arizona|
|Source:||DAI-A 78/05(E), Dissertation Abstracts International|
|Subjects:||Business administration, Management, Business education|
|Keywords:||Culture, Family business, Leadership, Management, Nigeria, Succession, Transition planning|
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