QUALITATIVE ANALYSIS OF SUCCESSION PLANNING AND
SUSTAINABILITY OF BLOCK MAKING FIRMS IN KWARA STATE
NIGERIA

BRIAMAH, Aminu N.
Department of Business and Entrepreneurship
Faculty of Humanities, Management and Social Sciences
Kwara State University, Malete, Nigeria
OLUSEGUN, Daniel O.
Department of Business and Entrepreneurship
Faculty of Humanities, Management and Social Sciences
Kwara State University, Malete, Nigeria
MUSTAPHA, Rahman O.
Department of Business and Entrepreneurship
Faculty of Humanities, Management and Social Sciences
Kwara State University, Malete, Nigeria
ABSTRACT
Succession planning is an ongoing problem faced by SMEs in Nigeria. As organisations grow,
they are confronted with the problem of continuity, market value, profitability and growths of the
enterprise. The study examined the effect of succession planning on the sustainability of small
and medium scale enterprises in Nigeria. The study adopted cross sectional survey with
descriptive approach by interviewing eight owners of block firms in Kwara State. The study
concluded that the industry characteristics, successor capability, documented transition and
family harmony are essential ingredient succession planning as they ensure market value of the
business, profitability, business survival and growth of the block industry. Succession planning
provides a block industry with a market value by enabling the industry to define itself in a unique
characteristic. The study therefore recommends that key stakeholders in block making industry
should evaluate the industry characteristics to ascertain the market value of the business to
attract a worthy successor. This could be further achieved if the children are enrolled as
apprentice so as to ensure that they are able to smoothly transition from one generation to
another.
Keywords: Documented transition, family harmony, succession planning, successor capability