The Relationship Between CEO Succession Planning and Business Continuity in Nigerian Conglomerates: A Case of BUA Group in Kano State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
CEO succession planning is a critical component of organizational resilience and sustainability. In Nigerian conglomerates, the departure of a CEO without a robust succession plan often disrupts operations, impacting business continuity and stakeholder confidence (Akinyele & Yusuf, 2024). Effective succession planning ensures that leadership transitions are smooth, reducing the risks of operational gaps and preserving organizational momentum.
BUA Group, a leading conglomerate in Nigeria, operates across various sectors, including cement, agriculture, and real estate. The group’s success is largely tied to strategic leadership, making succession planning essential for sustaining its competitive edge in Kano State and beyond. Despite the importance of this practice, many Nigerian conglomerates neglect systematic succession planning, exposing them to leadership crises and operational inefficiencies (Onyema & Musa, 2025). This study examines the relationship between CEO succession planning and business continuity in BUA Group, offering insights into best practices for ensuring organizational resilience.
Statement of the Problem
Leadership transitions in Nigerian conglomerates often face challenges due to the absence of structured succession plans. This lack of preparation can lead to disruptions in operations, reduced employee morale, and weakened stakeholder confidence (Adebanjo, 2023). In BUA Group, recent changes in leadership have highlighted the need for a systematic approach to CEO succession planning to ensure seamless business continuity.
While existing research has explored succession planning in SMEs and family-owned businesses, there is limited empirical evidence on its application in large conglomerates. This study addresses this gap by investigating the role of CEO succession planning in maintaining business continuity within BUA Group in Kano State.
Objectives of the Study
-
To analyze the relationship between CEO succession planning and business continuity in BUA Group.
-
To assess the challenges associated with CEO succession planning in Nigerian conglomerates.
-
To propose strategies for enhancing succession planning to ensure business continuity.
Research Questions
-
What is the relationship between CEO succession planning and business continuity in BUA Group?
-
What challenges are associated with CEO succession planning in Nigerian conglomerates?
-
What strategies can enhance succession planning for business continuity in Nigerian conglomerates?
Research Hypotheses
-
CEO succession planning does not significantly influence business continuity in BUA Group.
-
Challenges associated with succession planning do not significantly impact leadership transitions in Nigerian conglomerates.
-
Strategies to enhance succession planning do not significantly improve business continuity.
Scope and Limitations of the Study
The study focuses on the BUA Group’s operations in Kano State, analyzing succession planning practices from 2015 to 2025. Limitations include restricted access to internal corporate data and the study’s focus on a single conglomerate, which may limit the generalizability of findings.
Definitions of Terms
-
Succession Planning: A strategic process for identifying and developing future leaders within an organization.
-
Business Continuity: The ability of an organization to maintain operations during and after a major disruption.
-
Conglomerate: A large corporation consisting of multiple diverse businesses.
