LEADERSHIP STYLE AND SUSTAINABILITY OF SELECTED FAMILY BUSINESSES IN SOUTH-EAST, NIGERIA

  • Nnenna Goodfaith Okeke Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria

Abstract

The study aimed at investigating the effect of autocratic leadership style, democratic leadership style and transformational leadership style on sustainability of selected family businesses in South-East, Nigeria. Relevant literature on leadership style and sustainability of selected family businesses was reviewed under conceptual framework, theoretical framework, and empirical review. The research work was anchored on Agency theory.A survey research design was implemented. The population of the study was 548while 480 was used in the analysis. Multiple Regression Analysis (MRA) method was used in testing the hypotheses. The study discovered that there is a positive relationship between Autocratic leadership style and sustainability of selected family businesses under study. Democratic leadership style has a positive relationship on sustainability of selected family business understudy. Transformational leadership style has a positive relationship on sustainability of selected family businesses under study. The study concluded that leadership style has a positive relationship on sustainability of selected family businesses in South-East, Nigeria. The study recommended that autocratic leaders should give their subordinates clear and short instructions on what todo and how to do it, democratic leaders should give workers a voice in decisions and transformational leaders should inspire employees who become capable of changing their attitudes and are motivated towards goal achievement.

Published
2021-06-28
Section
Articles