Abstract
The relationship between leadership succession and strategic change is generally examined. However, more needs to be covered in the area. The paper proposed to provide a framework that will examine the relationship between leadership succession and strategic change in the Nigerian Banking sector. The model will help to a better understanding of the direct relationship between leadership succession and strategic change, hence, regulatory agencies, shareholders and board members, as well as management team will benefit from the study outcome.
Highlights
Banks are very important and useful to the growth and development of every economy because of the financial service they provide
The active and operational performance of the banking sector over time is an index of financial stability in any nation (Kolapo, Ayeni & Oke, 2012)
Sanusi (2012) stated that the Banking industry generally, is more than just an institutions that smooth the progress of payments and extend credit
Summary
Banks are very important and useful to the growth and development of every economy because of the financial service they provide. It has comprises the entire functions that direct valid resources to their final consumer It is the most important system of a market economy, which consists of a number of different, mutually reliant, components all of which are important to its efficient and well-organized operation. In the same vein Abdullahi (2002) reveals that the banking industry in particular plays a crucial role in the economic growth by mobilizing savings and directing them for investment especially in the real sector, which increases the provision of good and service produce in the economy, national output increases and the level of employment improve. Sanusi (2012) says that the scenario is responsible for the high level of poverty and unemployment, which unavoidably affected the low banking practice in the country
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