Abstract

This study is on survival and growth in public organization. Organizational survival has been argued to be a primary goal or objective every organization should have. This paper proposes a conceptual framework of succession planning consisting of six variables (talent retention, turnover rate, career development, supervisor’ support, organizational conflicts and nepotism) and to explain the relationship among these variables regarding survival of organizations. The sample consists of private and public enterprises in Nigeria. The results indicate that Talent retention, organizational conflict and nepotism positive and significantly correlated with organizational survival. On the other hand variables such as Turnover Rate, Career Development and Supervisor’ Supervision) are insignificantly correlated with organizational survival.
CHAPTER ONE

INTRODUCTION

Background of the study
There is a purpose in every organization, which includes making a product and/or rendering some services at a price. According to Oxford Learners Dictionary (2007), an organization can be said to be a group of people who form a business, club etc. together in order to achieve a particular aim. It can also be defined as a business or administrative concern united and constructed for a particular aim. When we discuss organization, we have various classes among which are service organization and social organization etc. All these organizations have in mind the aim of continuing if not for eternity, a given period of time. (Unamka & Ewurum, 1995 1, 2, 3) For an organization to carry on its business there must be some factors put in place for the smooth running of the organization management, man-power, materials, money and machines. These need to be well coordinated in order for the success of the organization to be achieved. They are used by a group of persons known as management; neither can management exist without organization the two are inseparable twin. (Unamka &Ewurum, 1995:65) Good management weaves together the various parts of organization so that all factors function as a unit. Management refers to the group of executives or officials of a company who directs efforts towards common objectives by using available resources (Unamka & Ewurum, 1995:66) management can also be said to be a process of planning, organization to have an integrated system that will aid the achievement of organization objectives (Musselman & Hughes, 1981). Effective management leads to purposeful, well coordinated, goal oriented and goal directed activities. As earlier social organizations have in mind “continuity” and “survival” as they are being run for an organization to survive and continue existing without going bankrupt, or said to be illiquid, i.e. being its inability to meet up with its responsibilities as and when due, it must ensure the safety of its assets, cash and also the accuracy and reliability of its records, it should ensure that it institutes a system of control, strong enough to ensure such. This system is what is known as internal control system. According to the Auditing practices committee (APC 1980), internal control system can be defined as the whole system of control, financial or otherwise, established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management’s policies, safeguard the assets and secure as far possible the Completeness and accuracy of the records.


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