Succession Planning for Multi-Faceted Enterprises and Organizations
La Russa Enterprises
Thunder Bay, Ontario
Nadia La Russa
The journey to this point in my academic career has been a long one, and challenging, however I am successful. A number of people have effortlessly contributed to my success, and I take this opportunity to thank them. First, it is with great honor that I thank my academic adviser he/she took on the obligation of advising me in my post coursework and exam completion, while I was in the university. his/her xxxxxxxxx unrelenting encouragement, mentorship and support were the ultimate motivators. Without her firm, yet caring guidance, I would not have completed this research study.
To my friends xxxxxxxxxxxxxxxxxxxxxxxxx, I owe my gratitude. The incalculable lunches, coffee breaks and emails of support helped me work through the writer's block, despair at lack of improvement and eventually gave me the strength to know that I could end the long journey.
To all of my other wonderful allies, xxxxxxxxxxxxxxxxxxxxxxxxnd many others too man to recognize by their names, who gave me encouragement and knew better than to ask when I would be finished, I thank you for your confidence in my ability to complete this paper! To xxxxxx for helping with transcription and proofreading, I am forever grateful!
Finally, I owe enormous thank you to my family. To my parents, xxxxxxxxxxxxxxx for believing in me and encouraging me to pursue my doctoral degree, and to any other person who never lost faith in me and making it possible to get through the coursework, exams and writing. I am honored and proud that everyone dear to me has watched over me on this journey.
ABSTRACT
This descriptive research study explored the succession planning in small business entrepreneur of a multi-faceted entity. The purpose was to ensure the continued success and sustainability of small business entities despite their complexity and diversity. Review of the literature discussed indicated that small business enterprises are lagging behind other businesses and organizations in their succession planning endeavors. In assessing the efforts in these entities, Questionnaires, interviews played a larger role in collecting data about succession planning and management programs within Nadia La Russa organization, the roles played by the administrative and HR personnel in embracing opportunities and dealing with future challenges during critical incidents in the process of succession planning.
Table of Contents
2 ACKNOWLEDGMENT
3 ABSTRACT
Executive summary
Background Information
8 CHAPTER 1: INTRODUCTION AND DESCRIPTION OF ORGANIZATION
Organizational Description- Nadia La Russa Enterprises
Problem statement
Project Purpose
Rationale
Research Question
11 CHAPTER 2: LITERATURE REVIEW
Succession planning
Outcome and Benefits
Theoretical Background of Leadership in Succession Planning
Trait theory and Leadership trait theory
Behavioral Theory of Leadership
Situational Theory and Leadership Situational theory
Nature of the job
Follower characteristics
Association between leader and followers
Organizational restraints
The leader's capacities
Transformational Leadership Theory
Summation of Literature Review
Trait Theory
Situational Theory
23 CHAPTER 3: RESEARCH METHODOLOGY
Development of the Interview Questions
27 CHAPTER 4: DATA COLLECTION & ANALYSIS
29 CHAPTER 5: CONCLUSION
Chapter 6: BIBLIOGRAPHY
41 APPENDIX
Executive summary
Background Information
My experience in organization management has triggered my interest in succession planning and management in multifaceted enterprises and organizations. These experiences have been rather exasperating, and this drives my belief that I am not the only person encountering the frustrations when dealing with complex organizations. Further research indicates that multifaceted enterprises and organization lags behind other business and industries in growth of robust and successful succession planning and management programs. Through numerous inquiries, the anticipation is that, best approaches will emerge that will be applicable to both organizations and multifaceted enterprises.
This will definitely lead to improvement in leadership within these entities and stimulate further research on how to preserve the gains and carry on with improving the process
. From the in-depth review of literature, it is apparent that Multi-Faceted Enterprises and Organizations require enhanced succession planning program in order to counteract the dynamism of marketing forces and trends. For this reason, managerial leadership is a fundamental element for the success of nonprofit organizations. Leadership transition is necessary in order to counterbalance challenges faced by large enterprises that governs various entities. With multifaceted organizations, expanding in both size and number requires good leadership.
Effective succession planning in terms of good leadership is a major deficit affecting big enterprises and organizations. To help prepare enterprises embrace success transition in leadership, this study focuses on planning for executive succession in both Small and large business enterprises. Succession planning receives extensive interest in the for-profit business literature (Beatty & Zajac, 1987; Brady & Helmich, 1984; Dalton...
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