An Investigation of CEO Tenure and Corporate Performance in Gombe State
- Project Research
- 1-5 Chapters
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- NGN 5000
Background of the Study
The tenure of a Chief Executive Officer (CEO) is widely regarded as a critical factor influencing corporate performance. Long-tenured CEOs may bring stability, deep organizational knowledge, and strategic expertise, while shorter tenures might reflect agility and adaptability to change (Olowo & Bello, 2023). However, the relationship between CEO tenure and corporate performance remains complex, with contextual factors such as industry dynamics and organizational culture playing significant roles.
In Gombe State, corporate organizations operate in sectors such as agriculture, manufacturing, and services. These firms face challenges like resource constraints and economic volatility, making CEO effectiveness crucial for performance. This study investigates the relationship between CEO tenure and corporate performance in organizations within Gombe State.
Statement of the Problem
Although CEO tenure is widely studied, its impact on corporate performance in the context of Gombe State has not been thoroughly examined. Prolonged CEO tenures may lead to complacency, while shorter tenures could result in instability and incomplete strategic implementations. These dynamics raise questions about the optimal tenure length for maximizing corporate performance (Abubakar & Suleiman, 2024). This research seeks to address these gaps by exploring the influence of CEO tenure on organizational outcomes.
Objectives of the Study
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To analyze the relationship between CEO tenure and corporate performance in organizations in Gombe State.
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To examine the advantages and disadvantages of long and short CEO tenures.
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To recommend strategies for optimizing CEO tenure for improved corporate performance.
Research Questions
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How does CEO tenure influence corporate performance in organizations in Gombe State?
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What are the benefits and drawbacks of varying CEO tenure lengths?
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What strategies can optimize CEO tenure to enhance corporate performance?
Research Hypotheses
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CEO tenure has a significant impact on corporate performance.
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Long CEO tenures positively influence corporate performance in stable environments.
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Short CEO tenures negatively affect strategic implementations in organizations.
Scope and Limitations of the Study
The study focuses on organizations in Gombe State, assessing the impact of CEO tenure on corporate performance. Limitations may include challenges in obtaining reliable performance data and variations in respondents’ perceptions of CEO effectiveness.
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