SUCCESSION PLANNING AND ORGNISATIONAL SUCCESS OF HOTELS IN RIVERS STATE.
Abstract
The study examined the relationship between succession planning and organizational success of hotels in Rivers State. The study adopted a cross-sectional survey research design. The population of the study consisted of the accessible fifty-five (55) of hotels operating in Port Harcourt, Rivers State. The sample size of the study consisted of the entire population since the population is small. Thus, the study adopted the census method of sampling. A structured questionnaire was used as instrument for data collection after ascertaining its reliability through the employment of Cronbach Alpha. Mean and Standard Deviation were used for univariate analysis of the study. Pearson Product Moment Correlation Coefficient and Partial Correlation were used for the bivariate analysis and multivariate analysis of the study, respectively. Findings revealed that there is a significant positive relationship between succession planning and organizational success of hotels in Rivers State; The study concluded succession planning is a strategic process that ensures an organization's leadership and key roles are filled seamlessly over time, reducing disruptions and securing long-term sustainability of organizational success of hotels in Rivers State. The study recommended thus: hotels and their managers should ensure leadership continuity in succession planning to support the consistent achievement of strategic objectives in hotels in Rivers State.