Effective Managerial Succession: A Catalyst to Efficient Organizational Performance
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Lead City University Ibadan
Abstract
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The concept organization performance as well as executive succession has
become a vital area of organizational study if success is to be considered as
the primary objective of any organization, be it profit or non-profit. Changes in
top management teams of many organizations are becoming more frequent in
modem times due to the need for better organizational performance, mergers,
acquisitions and strategic re-engineering. The objectives of this paper among
others are to: (i) establish whether managerial succession has effect on
organizational performance; (ii) Determine whether internal managerial
succession will be more influential than an external succession .. The paper
adopts a survey method with two hypotheses stated in null form. Data obtained
from questionnaires distributed were analyzed and these were tested with the
aid of ANOVAL test statistics. The paper believes that chief executives and top
management teams of organizations are the chief architects and planners of
human resources and hence must contribute immensely to the overall success
of their organizations. The paper is recommends that there should be a
comprehensive succession plan or policy on ground, which must be
implemented objectively. It also believes that management succession should
strictly be by merit and that it is only those that have what it takes to uphold the
organization's vision and mission that should hold managerial positions.
Keywords
HF Commerce