Title: Strategic Foresight and Organizational Resilience of Family-owned businesses in Rivers State, Nigeria
Authors: Sonari Tamunoibuomi and B. Chima Onuoha
Volume: 9
Issue: 11
Pages: 193-202
Publication Date: 2025/11/28
Abstract:
In the face of escalating economic volatility, infrastructural deficits, and policy instability, family-owned businesses in Rivers State, Nigeria are increasingly exposed to operational and strategic vulnerabilities. This study investigates the role of strategic foresight-operationalized through strategic choice and integration capabilities-in enhancing organizational resilience, specifically response capacity and business continuity. Employing a quantitative research design and analyzing data from 212 family-owned enterprises using Partial Least Squares Structural Equation Modelling (PLS-SEM) via SmartPLS 4.0, the study finds statistically significant relationships across all four hypothesized paths. The results underscore that proactive strategic decision-making and coordinated resource integration are critical levers for sustaining resilience in turbulent business environments. These insights offer actionable implications for family businesses, policymakers, and development agencies seeking to foster adaptive capacity and long-term continuity in Nigeria's informal enterprise sector. The study recommends that family-owned businesses should implement scenario-based strategic workshops, empowering leadership to simulate diverse crisis situations and make proactive decisions that enhance preparedness.