Family Business Operations and Sequel of Internationalisation in Nigeria
The concept of family business in Nigeria has become significantly attractive; its root is in sole proprietorship form of business. Family businesses have the unique strength to separate culture, language and personality. The research analyses the effect of interpersonal relationship on internationa...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Riga Technical University Press
2020-02-01
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| Series: | Economics and Business |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/eb-2020-0009 |
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| _version_ | 1846145656533549056 |
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| author | Akinbola Amos Olufemi Alaka Nureni Sanusi Kowo Solomon Akpoviroro Adeyemo Adesola Alex |
| author_facet | Akinbola Amos Olufemi Alaka Nureni Sanusi Kowo Solomon Akpoviroro Adeyemo Adesola Alex |
| author_sort | Akinbola Amos Olufemi |
| collection | DOAJ |
| description | The concept of family business in Nigeria has become significantly attractive; its root is in sole proprietorship form of business. Family businesses have the unique strength to separate culture, language and personality. The research analyses the effect of interpersonal relationship on internationalisation and determines the extent to which succession planning affects internationalisation. Research presents that a positive relationship exists between internationalisation and interpersonal relationship. It has also been discovered that no positive relationship exists between succession planning and internationalisation. This study therefore concludes that family businesses which proceed to internationalisation enjoy growth in productivity, adequate brand awareness in the world, diversification of political and financial risks, as well as experience an increase in the share of the market, capital base, asset and open up opportunities in regional markets for workers. The study also recommends that employees in family businesses should communicate with each other effectively for a healthy relationship and managers should not make secret preparations for successors. |
| format | Article |
| id | doaj-art-1e57b7e78b5548d6a1ec38d712ed3e1e |
| institution | Kabale University |
| issn | 1407-7337 2256-0394 |
| language | English |
| publishDate | 2020-02-01 |
| publisher | Riga Technical University Press |
| record_format | Article |
| series | Economics and Business |
| spelling | doaj-art-1e57b7e78b5548d6a1ec38d712ed3e1e2024-12-02T05:17:59ZengRiga Technical University PressEconomics and Business1407-73372256-03942020-02-0134112613810.2478/eb-2020-0009eb-2020-0009Family Business Operations and Sequel of Internationalisation in NigeriaAkinbola Amos Olufemi0Alaka Nureni Sanusi1Kowo Solomon Akpoviroro2Adeyemo Adesola Alex3Federal University of Agriculture,Abeokuta, NigeriaLagos State University,Ojo, NigeriaKwara State University,Malete, NigeriaNational Board of Technical Incubation,Abuja, NigeriaThe concept of family business in Nigeria has become significantly attractive; its root is in sole proprietorship form of business. Family businesses have the unique strength to separate culture, language and personality. The research analyses the effect of interpersonal relationship on internationalisation and determines the extent to which succession planning affects internationalisation. Research presents that a positive relationship exists between internationalisation and interpersonal relationship. It has also been discovered that no positive relationship exists between succession planning and internationalisation. This study therefore concludes that family businesses which proceed to internationalisation enjoy growth in productivity, adequate brand awareness in the world, diversification of political and financial risks, as well as experience an increase in the share of the market, capital base, asset and open up opportunities in regional markets for workers. The study also recommends that employees in family businesses should communicate with each other effectively for a healthy relationship and managers should not make secret preparations for successors.https://doi.org/10.2478/eb-2020-0009family businessinternationalisationinterpersonal relationshipsuccession planningl26m1m19 |
| spellingShingle | Akinbola Amos Olufemi Alaka Nureni Sanusi Kowo Solomon Akpoviroro Adeyemo Adesola Alex Family Business Operations and Sequel of Internationalisation in Nigeria Economics and Business family business internationalisation interpersonal relationship succession planning l26 m1 m19 |
| title | Family Business Operations and Sequel of Internationalisation in Nigeria |
| title_full | Family Business Operations and Sequel of Internationalisation in Nigeria |
| title_fullStr | Family Business Operations and Sequel of Internationalisation in Nigeria |
| title_full_unstemmed | Family Business Operations and Sequel of Internationalisation in Nigeria |
| title_short | Family Business Operations and Sequel of Internationalisation in Nigeria |
| title_sort | family business operations and sequel of internationalisation in nigeria |
| topic | family business internationalisation interpersonal relationship succession planning l26 m1 m19 |
| url | https://doi.org/10.2478/eb-2020-0009 |
| work_keys_str_mv | AT akinbolaamosolufemi familybusinessoperationsandsequelofinternationalisationinnigeria AT alakanurenisanusi familybusinessoperationsandsequelofinternationalisationinnigeria AT kowosolomonakpoviroro familybusinessoperationsandsequelofinternationalisationinnigeria AT adeyemoadesolaalex familybusinessoperationsandsequelofinternationalisationinnigeria |