Browsing by Author "Fatunmbi Oladotun Muideen"

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    Executive Competency and Sustainability of Family-Owned Enterprises in Lagos and Ogun States Nigeria
    (Imperial Journal of Interdisciplinary Research, 2017) Kesinro Olalekan Rasheed; Adedayo Simon Adedare,; Fatunmbi Oladotun Muideen
    The main objective of the study is to determine executive competency on sustainability of family-owned business in Lagos and Ogun States of Nigeria. The descriptive research design was used to study 1,806 family-owned businesses registered in Lagos and Ogun states (NAMSE, 2012). The stratified sampling method was used to select 327 enterprises from the two states. Questionnaire was the main instrument for data collection measured on a 5-point Likert scale from Strongly Agree to Strongly Disagree. Data were analysed using the Pearson’s Correlation statistical technique with the aid of SPSS software. The study reveals that executive competency significantly affect sustainability of family-owned business (r = 0.93; p<0.01) and therefore recommends that family members should be willing to transit into new and different roles in order to gain the big picture and be involved in corporate policy and planning to enhance better awareness of business needs and have access to opportunities in order to develop effective succession strategies. This will clearly help to articulate that competent and high performing employee, irrespective of being a family or nonfamily person to be picked as the successor.