Organisational Factors and Performance Management in Family Businesses

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.

Autorentext

Dr(Mrs)Patience A. Erigbe has B.Sc and M.Sc Economics from University of Lagos, Akoka, Nigeria. A Ph.D in Business Administration (Human Resource Management) from Babcock University, Nigeria. She is a senior Lecturer in Business Administration department, Mountain Top University, Nigeria and head of Industrial Relations and Personnel Management.