Intra-Family Conflicts and Sustained Operations of Family-Owned Businesses in the South-East, Nigeria
Author(s)
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Volume 12 - November 2023 (11)
Abstract
This study examined the effect of intra-family conflicts on the sustained operations of family-owned businesses in the South-East, Nigeria. Descriptive survey method based on primary and secondary sources of data collection was adopted. Data was obtained from primary and secondary sources. Primary data was gathered through questionnaire while the secondary data was gathered from a review of several research publications, annual reports, articles, textbooks, unpublished thesis, journals and internet sources related family businesses. The study population consisted of 43,868 family-owned businesses. The sample size is 554 determined using Cochran (1963) statistical formula. Analyses were carried out using simple descriptive statistics organized and presented in tables, frequency and simple percentages. At the inferential level of statistical analyses, the hypothesis was subjected to double-test using Pearson Product Moment Correlation Coefficient and Simple Linear Regression. To establish whether an outcome is statistically significant, the researcher set up a 5% significance level while a 95% confidence level was applied and tested at 5% (p-value ≤ 0.05) alpha level. All analyses were carried out in SPSS 20.0. The study found intra-family conflicts affects sustained business operations significantly with r coefficient of 0.815 which is statistically significant with t = 22.665. Therefore, the study concludes based on the results above that intra-family conflicts significantly affects sustained business operations in family-owned businesses in the South-East, Nigeria. The study recommends tolerance, efficient utilization of resources, endurance and compromise, proper and effective management of conflicts, as strategies for resolving intra-family conflicts that can guarantee sustained operations.
Keywords
Intra-family conflict, Sustained Operations and Family-owned Business
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