<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The competitive business environment has made it imperative for organisations who desire to remain relevant put forward survival strategies. This study explores the effect of succession management on three dimensions of organizational sustainability among insurance industry employees in Nigeria. Data was collected from a sample of employees from selected companies. The study utilised structural equation modelling (SEM) to test the hypothesized model of succession management and organisational sustainability as separate but related processes. Looking at the three dimensions of sustainability (environmental integrity, economic prosperity and social sustainability) and how they impact succession management, the findings indicate that succession management has a significant relationship with organisational sustainability across all three dimensions. The study concludes that insurance companies comprehend the inherent potential of a robust and active succession management programme in the drive for organisational sustainability. The study further discusses the theoretical implications of the relationship.</p>
</abstract>

The competitive business environment has made it imperative for organisations who desire to remain relevant put forward survival strategies. This study explores the effect of succession management on three dimensions of organizational sustainability among insurance industry employees in Nigeria. Data was collected from a sample of employees from selected companies. The study utilised structural equation modelling (SEM) to test the hypothesized model of succession management and organisational sustainability as separate but related processes. Looking at the three dimensions of sustainability (environmental integrity, economic prosperity and social sustainability) and how they impact succession management, the findings indicate that succession management has a significant relationship with organisational sustainability across all three dimensions. The study concludes that insurance companies comprehend the inherent potential of a robust and active succession management programme in the drive for organisational sustainability. The study further discusses the theoretical implications of the relationship.

Succession Management: A Proficient Resource in Organisational Sustainability?

Management Dynamics in the Knowledge Economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Succession Management: A Proficient Resource in Organisational Sustainability?"}

The competitive business environment has made it imperative for organisations who desire to remain relevant put forward survival strategies. This study...

Succession Management: A Proficient Resource in Organisational Sustainability?

Published Online: Jun 30, 2023

Page range: 112 - 127

Received: Mar 25, 2023

Accepted: Jun 02, 2023

DOI: https://doi.org/10.2478/mdke-2023-0008

Keywords
succession management, environmental integrity, economic prosperity, social sustainability, insurance industry

© 2023 Joyce M. Odiachi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Succession Management: A Proficient Resource in Organisational Sustainability?

Published Online: Jun 30, 2023

Page range: 112 - 127

Received: Mar 25, 2023

Accepted: Jun 02, 2023

DOI: https://doi.org/10.2478/mdke-2023-0008

Keywordssuccession management, environmental integrity, economic prosperity, social sustainability, insurance industry

© 2023 Joyce M. Odiachi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
succession management, environmental integrity, economic prosperity, social sustainability, insurance industry