A Study of the Effects of Leadership Succession Planning on Business Continuity: A Case Study of UBA Plc in Jigawa State
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Background of the Study
Leadership succession planning is the strategic process of identifying and developing future leaders within an organization to ensure smooth transitions in key leadership roles. Succession planning is critical for business continuity, especially in organizations experiencing rapid growth or undergoing significant changes (Oluwaseun & Adedayo, 2023). In Nigerian organizations, where economic and political climates can be volatile, effective leadership succession planning is essential for maintaining stability and long-term success.
UBA Plc, one of the largest and most reputable banks in Nigeria, has a presence in Jigawa State, where it plays an important role in both the local economy and the banking sector. While UBA has instituted succession planning frameworks, there is a need to examine the impact of these initiatives on business continuity, particularly in the face of potential leadership changes. This study will explore how UBA’s succession planning influences organizational stability, employee confidence, and operational efficiency.
Statement of the Problem
Despite the importance of leadership succession planning, UBA Plc’s approach to succession planning and its effect on business continuity in Jigawa State remains inadequately researched. The bank's ability to maintain business continuity during leadership transitions, without compromising service quality or employee morale, is a critical issue. This study aims to examine how effective leadership succession planning at UBA has been in ensuring business continuity and minimizing disruption.
Objectives of the Study
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To assess the impact of leadership succession planning on business continuity at UBA Plc in Jigawa State.
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To evaluate the effectiveness of UBA Plc’s succession planning strategies in preparing future leaders.
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To recommend strategies for improving leadership succession planning at UBA Plc to enhance business continuity.
Research Questions
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How does leadership succession planning impact business continuity at UBA Plc in Jigawa State?
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How effective are UBA Plc’s succession planning strategies in developing future leaders?
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What strategies can UBA Plc adopt to improve leadership succession planning and ensure business continuity?
Research Hypotheses
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Leadership succession planning positively impacts business continuity at UBA Plc in Jigawa State.
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The effectiveness of UBA Plc’s succession planning strategies significantly influences the stability and performance of the organization.
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Improving leadership succession planning will enhance business continuity and reduce disruption during leadership transitions at UBA Plc.
Scope and Limitations of the Study
This study will focus on UBA Plc’s succession planning strategies and their effects on business continuity in Jigawa State. Limitations may include the challenge of obtaining accurate data from organizational leaders regarding succession plans and potential biases in reporting the success of such strategies. Additionally, the study may not be generalizable to other organizations or industries.
Definitions of Terms
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Leadership Succession Planning: The process of identifying and preparing employees to take on key leadership roles within an organization in the future.
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Business Continuity: The ability of an organization to maintain its operations and services without significant disruption, particularly during leadership transitions.
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Strategic Leadership: The ability of leaders to guide and influence an organization towards its long-term objectives, ensuring stability and growth.
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