Organisational Factors and Performance Management in Family Businesses
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Establishment, growth and development of family-owned businesses (FOB) are integrated into Nigeria's economy. They contribute to the reduction of unemployment in Nigeria. However, there are observed deviations in human resource management practices in these ventures. Owners of family business organizations demonstrate more interest in profit maximization than investment in employee capacity for better performance. Performance management in family-owned businesses was perceived to pre-empt organizational factors. Hence, the thrust of this study was an examination of the effect of organizational...
Establishment, growth and development of family-owned businesses (FOB) are integrated into Nigeria's economy. They contribute to the reduction of unemployment in Nigeria. However, there are observed deviations in human resource management practices in these ventures. Owners of family business organizations demonstrate more interest in profit maximization than investment in employee capacity for better performance. Performance management in family-owned businesses was perceived to pre-empt organizational factors. Hence, the thrust of this study was an examination of the effect of organizational factors on performance and management of FOB.
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