There are 3 different posts below. Read and come up with minimum 200 words, scholarly written to each of them.
It is NOT required that every question or point be analyzed; more focused discussions on one or more central points are encouraged.
Post 1
Article Topic: The Role of Succession Planning, and Leadership Development in Business Continuity and Global Expansion of Family-Owned Businesses in Nigeria
Purpose:
1. The purpose of this study is to explore to what extent leadership succession planning would be helpful in ensuring the continuity of family firms in Southeast Nigeria. The study would also determine how such leadership succession planning would ensure global competitiveness and expansion of these businesses. This writeup will explore current leadership succession practices in the Nigerian business environment to detect series of gaps in leadership development and succession planning. Despite these failures, this study will seek to identify how successful leadership development processes resulted in successful transition, growth, and expansion of their businesses.
a. Is leadership succession planning helpful in ensuring the continuity of family businesses?
b. Would leadership succession planning guarantee the survival of family-owned businesses in Nigeria?
1. Ample evidence worldwide discloses that less than one third of the family firm population seems to succeed in managing an effective succession process and reaching intergenerational transition (Umans, Lybaert, Steijvers, & Voordeckers, 2021). The purpose of this study is to establish the veracity of this claim by studying if family firms in Southeastern Nigeria, are collapsing because they lack leadership succession planning process and the different approaches that may remedy the situation.
a. Is successful longevity guaranteed by investing in an effectively implemented leadership succession planning process?
2. The purpose of this study is to examine relationship early identification of a successor, mentorship and the successor’s interest have on successful leadership succession planning process. Onyeukwu & Jekelle (2019) argued that once the successors who share the same interest with the founders are identified earlier enough, and mentored, there will be a successful leadership succession process. This document will try to understand the impact of globalization and training these successors with global leadership competencies will encourage global networking, expansion, and growth.
a. What constitutes the appropriate timing and what kind of mentorship is required for successful global leadership development and succession planning process?
3. The purpose of this study is to investigate if high-quality family and non-family relationships have significant impacts on leadership succession planning in Southeast Nigeria. Umans et al., (2021) by drawing on relational systems theory and the socioemotional wealth framework, argued dynastic succession is positively related to the level of succession planning in a family firm.
a. Is socioemotional wealth (SEW) an important point of reference for decision-making in family firms.
