Environmental Practice Among Family Owned Business In South East, Nigeria
Nnadi Sunday Chikezie Onoh PhD
Department of Business Administration, Faculty of Management Sciences, Enugu State University of Science and Technology, Enugu
Eze Ijeoma Chinenye
Department of Business Administration, Faculty of Management Sciences, Enugu State University of Science and Technology, Enugu
Keywords: Environmental practice, family owned business, skilled employee, business continuity
Abstract
The study focused on the environmental practice among family owned business in South East, Nigeria. The study covered period of (2009-2019). The specific objectives are to: determine the effect of education on the continuity of family owned business in South East, Nigeria; ascertain the effect of skilled employee on the survival of family owned business in South East, Nigeria. The study used survey approach. The primary sources were personal interview and the administration of questionnaire to the management and staff of the manufacturing firms. Out of a population of 1662 staff, the sample size of 384 was chosen after applying the Freund and William’s formula for the determination of adequate sample size. Out of the sample size, 357 staff returned the questionnaire and accurately filled. That gave 92 percent response rate. The validity of the instrument was tested using content analysis and the result was good. The reliability was tested using the Pearson correlation coefficient (r). It gave a reliability co-efficient of 0.86 which was also good. Data was presented and analyzed by mean score (3.0 and above agreed while below 3.0 disagreed) and standard deviation using Sprint Likert Scale. The hypotheses were analyzed using Z-statistic tool with the aid of Statistical Package for Social Science (SPSS) version 20. that education has positive effect on the continuity of family owned business in south east Nigeria r(92, n = 384) = 28.367, p<0.05); skilled employee has positive effect on the survival of family owned business in South East r(92, n = 384) = 3.448, p<0.05). The study concluded that family owned business are a veritable tool for economic growth and development as exemplified by their percentage contribution to the GDP of nations. The study recommended among others that family business owners need to understand that their valued family business may not survive the next generation if they do not start early to plan for succession.