Background of the Study
Succession planning is a critical element of business continuity, particularly for family-owned businesses, which constitute a significant portion of enterprises worldwide (Ward, 2023). In Yobe State, family-owned businesses play a vital role in the local economy, contributing to job creation and wealth generation. However, the sustainability of these businesses often hinges on effective succession planning to ensure leadership transitions and organizational stability.
Despite its importance, many family-owned businesses in Yobe State lack structured succession plans, leading to disruptions, conflicts, and eventual decline during generational transitions (Ahmed et al., 2024). Addressing these challenges is essential for preserving family legacies and promoting economic resilience.
This study examines the succession planning strategies employed by family-owned businesses in Yobe State, with a focus on their effectiveness in ensuring business continuity.
Statement of the Problem
The absence of effective succession planning in family-owned businesses in Yobe State has resulted in leadership crises, operational inefficiencies, and business closures. Issues such as lack of preparedness, inadequate training for successors, and family conflicts exacerbate the problem (Mustapha & Suleiman, 2025).
While succession planning has been widely studied, limited attention has been given to its role in the continuity of family-owned businesses in Yobe State. This study seeks to fill this gap by providing insights into the strategies and challenges associated with succession planning in the region.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
The study focuses on family-owned businesses in Yobe State, analyzing succession planning strategies from 2023 to 2025. It excludes non-family-owned businesses and other states. Limitations include potential reluctance to discuss sensitive family business issues and variations in the size and structure of businesses.
Definitions of Terms
Artificial intelligence (AI) has revolutionized multiple industries, including tourism, by providing personalized recommendations that enhance trav...
ABSTRACT: This study investigates strategies for promoting lifelong learning in vocational professions, emphasizing the importance of continuo...
ABSTRACT
This research project is a very crucial study for the Nigeria government owned companies. The study was mot...
Background of the Study
Enterprise Resource Planning (ERP) systems integrate core business processes into a unified system, enhancing ope...
EXCERPT FROM THE STUDY
The issue of school physical facilities truly is paramount to meaningful implementation of educational programmes...
EXCERPT OF THE STUDY
The economy of countries were in high decline. Private school owners found it difficult to survive...
ABSTRACT
The researcher is determined to see and threw more high on the effectiveness of Marketing Plan...
ABSTRACT
This study was carried out to examine the role of health agencies in the promotion of hea...
BACKGROUND OF THE STUDY
A very striking feature of every federal state is the existence of diversities. Wh...
Preterm birth, defined as birth before 37 weeks of gestation, remains a leadi...