Impact of Management Succession on Organizational Performance (A Study of Selected Manufacturing Firms in Delta State):- Igwebueze, Peter E.

ABSTRACT

The study determined the impact of management succession on organizational performance (A study of selected manufacturing firms in Delta State). study sought to identify the impact of leadership development on organizational effectiveness of the selected firms in Delta State. analyze the impact of succession plan on organizational profitability of the selected firms in Delta State, evaluate the impact of exist strategies on the productivity of the selected firms in Delta State, determine the impact of contingency plan on the performance of the selected firms in Delta State and assess the challenges of management succession on the performance of the selected manufacturing firms in Delta State. This study adopted survey design. The study make used of both primary and secondary data source. The total population hereby comprised of 371 staff of manufacturing firms.  The sample size is 193. A stratified sampling method was adopted and it gave the staff an equal chance of being selected. Simple regression model and Multiple regression model was employed to test the hypotheses of the study. The findings of the study stated that Leadership development has significant impact on organizational effectiveness of Coleman Wireless and Cable and Wichtech Industries Limited in Delta State. Succession plan has significant impact on organizational profitability of Coleman Wireless and Cable and Wichtech Industries Limited in Delta State. Exist strategy has significant impact on the productivity of the Coleman Wireless and Cable and Wichtech Industries Limited in Delta State. Contingency plan has significant impact on the performance of the Coleman Wireless and Cable and Wichtech Industries Limited in Delta State. Supremacy, political unrest, conflict of interest, leadership abuse, wrong policy formulation and implementation, lack of understanding, poor leadership development and trust issues have significant impact on Coleman Wireless and Cable and Wichtech Industries Limited in Delta State. The study recommended that There is need for the management of the studied firms to apply adequate succession planning since it will enable them achieve their aim as at when due. This in the long run will bring growth and development to the organization