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SUCCESSION PLANNING AND ORGANIZATIONAL SURVIVAL: EMPIRICAL STUDY ON NIGERIAN PRIVATE TERTIARY INSTITUTIONS

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Author(s): Osibanjo Omotayo Adewale | Abiodun Joachim Abolaji | Obamiro John Kolade

Journal: Serbian Journal of Management
ISSN 1452-4864

Volume: 6;
Issue: 2;
Start page: 231;
Date: 2011;
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Keywords: Succession Planning | Organizational Survival | Private Tertiary Institution | Nigeria

ABSTRACT
Organizational survival has been argued to be a primary goal or objective every organizationshould have. This paper proposes a conceptual framework of succession planning consisting of sixvariables (talent retention, turnover rate, career development, supervisor’ support, organizationalconflicts and nepotism) and to explain the relationship among these variables regarding survival oforganizations. The sample consists of three private tertiary institutions in Ogun-State, SouthwestNigeria. The results indicate that Talent retention, organizational conflict and nepotism positive andsignificantly correlated with organizational survival. On the other hand variables such as TurnoverRate, Career Development and Supervisor’ Supervision) are insignificantly correlated withorganizational survival. The results are supposed to inform the leadership (management) team withessential insight into the relationship among the study variables (independent and dependent).
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