Assessing the Effect of Succession Planning on SMEs Performance in Gombe State

Tijjani Zainab, Umar Abdullahi Maiauduga, Umar Adeiza Muazu

Abstract


Organizational success is critical in today's dynamic corporate climate; this requires consistent and extraordinary innovative workers. As a result, succession planning is required to avoid the power vacuum that arises when an existing leader leaves the company. It is based on this background that; this study investigated the effect of succession planning on organizational performance of selected small and medium enterprise in Gombe State. The main objective of this study was to examine the effect succession planning on the performance of SMEs in Gombe State, while its specific objectives were to examine the effect of talent management on the performance of SMEs in Gombe; to investigate the effect of skills gaps analysis on the performance of SMEs in Gombe State and to identify the effect of succession planning processes on the performance of SMEs in Gombe State. The study employed survey research design and data was collected through the use of five-points Likert-scale questionnaire. The study population was 737 registered SMEs in Gombe State and the study used Taro Yamane (1967) sample size determination formula to arrive at 259 sample size for the study. Data obtained was analysed using structural equation modelling analysis via Smart-PLS version 4.1.0. Findings from the study revealed that talent management and succession planning processes have positive and significant effect on SMEs performance in Gombe State while skills and competencies gaps analysis has no significant effect on SMEs performance. The study concludes that, succession planning has positive and significant effect on SMEs performance in Gombe State and therefore recommends that SMEs operators, owners and other stakeholders should patronize succession planning in order to improve and sustain the performance of their SMEs. 


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References


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