Succession planning and performance of family-owned small and medium enterprises in Arusha city – Tanzania

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dc.contributor.authorKiwia, R. H.
dc.contributor.authorBengesi, K. M. K.
dc.contributor.authorNdyetabula, D. W.
dc.date.accessioned2020-05-08T11:21:57Z
dc.date.available2020-05-08T11:21:57Z
dc.date.issued2019-11-03
dc.description.abstractPurpose – The purpose of this paper is to examine succession planning and performance of family-owned small and medium enterprises (SMEs). Design/methodology/approach – The quantitative research approach and a cross-sectional research design were employed. The probability sampling technique was used to draw 219 respondents from the sampling frame. A structured questionnaire was used for data collection. Descriptive statistics and independent samples t-tests were used for data analysis. Findings – It was revealed that most of family-owned SMEs founders in the study area had mechanisms for succession planning for their businesses. Also, there is a difference in business performance when successors are selected and prepared by business founders compared to when they are selected and prepared by other family members. Successors selected and prepared by business founders performed better in business than successors who were selected and prepared by other family members. Research limitations/implications – This study employed a quantitative research paradigm methodology, which limits deep discussion with respondents. Future studies could consider using a qualitative research paradigm methodology. Originality/value – The paper presents succession planning process experience in family-owned SMEs in the study area, specifically the existence of succession planning in family-owned SMEs. It also shows a difference in business performance between the two investigated groups. This paper will benefit business founders, family business successors and researchers.en_US
dc.identifier.issn2043-6238
dc.identifier.urihttps://www.suaire.sua.ac.tz/handle/123456789/3023
dc.language.isoenen_US
dc.publisherEmerald Publishing Limiteden_US
dc.relation.ispartofseriesDOI 10.1108/JFBM-03-2019-0018;
dc.subjectFamily businessen_US
dc.subjectsuccession planningen_US
dc.subjectSME performanceen_US
dc.titleSuccession planning and performance of family-owned small and medium enterprises in Arusha city – Tanzaniaen_US
dc.typeArticleen_US
dc.urlwww.emeraldinsight.com/2043-6238.htmen_US

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