Influence of Human Capital Development on the Continuity of Selected Family Business in South East, Nigeria

Post by: ejem
July 6, 2023
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ASTRACT

This study examined the influence of human capital development on the continuity of selected family business in Enugu State Nigeria while the following specific objectives are; to ascertain the extent to which technical skill affect Stability of family business in Enugu State Nigeria, to identify the influence of experience on the longevity of family business in Enugu State Nigeria and to determine the extent to which higher education affect the effectiveness of family business in Enugu State Nigeria. The researcher employed survey research design. The questionnaire was structured in five Likert scale, in line with the objectives. The population of the study is one thousand one fifty (1150), while the sample size of 505 was drawn, using Taro Yamani statistical tool. Based on the data collected and analyzed with regression Analysis, the study found that; Technical Skill had positive and significant influence on the Stability of family business in south east, Nigeria. (t-cal = 30.798, p-value = 0.000  0.05%). Experience had positive and significant influence on the longevity of family business in south east, Nigeria. (t-cal = 20.451, p-value = 0.000  0.05%). Higher Education had positive and significant influence on effectiveness of family business in south east, Nigeria. (t-cal = 38.000, p-value = 0.000  0.05%). The findings showed that Firms should verify and validate the job information gathered to ensure that it accurately reflects mission requirements. Based on the information, consider streamlining the organization to generate synergies. Firms should conduct a workforce assessment to determine the current human capital capacity based on the verified job requirements. Firms should develop, verify and validate the proficiency scale so that the points on the scale are criterion-referenced, i.e. able to accurately reflect the level of proficiency required. The proficiency scale should account for gains in human capital from on-the job experience.

Keywords: Human Capital Development; Family Business; Technical Skill; High Education; Job Experience and Enugu Nigeria

Omeje, J. Ifeanyichukwu¹, Orga, Josephine Ivoma PhD² and Onyia, N. A.³

FULL PDF | DOI: 10.5281/zenodo.8116393

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