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Factors affecting succession planning in Small and Medium Enterprises (SMEs) in Zimbabwe: a case study of Harare

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  • NYONI, THABANI

Abstract

Lack of proper succession planning is one of the major causes of SMEs closure or failure after the death or retirement of founder. Zimbabwean SMEs are not an exception. This study seeks to analyze factors affecting succession planning in SMEs in Zimbabwe. Employing the questionnaire as a data collection instrument and relying on heterogeneous sampling, the study; whose recommendations are 4-fold, basically found out that there is need for proper succession planning if Zimbabwean SMEs are to circumvent the problem of discontinuity after death or retirement of founder.

Suggested Citation

  • Nyoni, Thabani, 2019. "Factors affecting succession planning in Small and Medium Enterprises (SMEs) in Zimbabwe: a case study of Harare," MPRA Paper 91352, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:91352
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    File URL: https://mpra.ub.uni-muenchen.de/91352/1/MPRA_paper_91352.pdf
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    References listed on IDEAS

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    1. Isabelle Le Breton–Miller & Danny Miller & Lloyd P. Steier, 2004. "Toward an Integrative Model of Effective FOB Succession," Entrepreneurship Theory and Practice, , vol. 28(4), pages 305-328, July.
    2. Mojca Duh & Marina Letonja, 2013. "Knowledge Creation in Family Businesses and Its Importance for Building and Sustaining Competitive Advantage during and after Succession," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 4(6), pages 120-133, November.
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    Cited by:

    1. Gregory Shumbambiri, 2023. "Inter-Generational Succession Planning in Zimbabwe’s Indigenous Family Businesses. A Case Study of The Challenges and Critical Issues For Consideration," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(2), pages 1400-1416, February.
    2. Evelyne Magambo & Aloyce Nyamwesa & Alberto Mgulunde & Chacha Magasi, 2024. "Factors affecting succession planning in family-owned fish trading SMEs in Mwanza City, Tanzania," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(2), pages 84-97, March.

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    Keywords

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    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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