An Investigation of Succession Planning and Business Continuity: A Study of Family-Owned Enterprises in Kano State
- Project Research
- 1-5 Chapters
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- NGN 5000
Background of the Study
Succession planning is critical for ensuring business continuity, particularly for family-owned enterprises that contribute significantly to economic development. Effective succession planning involves identifying and preparing successors to assume leadership roles, ensuring a smooth transition and sustained business performance (Ward, 2024).
In Kano State, family-owned businesses are integral to the local economy, yet many face challenges in succession planning due to inadequate preparation, family conflicts, and a lack of clear transition strategies. These challenges often result in business failure after the exit of founders (Aminu & Yusuf, 2025).
This study examines the role of succession planning in ensuring business continuity among family-owned enterprises in Kano State, providing insights into best practices and common obstacles.
Statement of the Problem
Family-owned enterprises in Kano State often struggle with succession planning, leading to disruptions in business operations and continuity. Factors such as poor planning, conflicts among heirs, and lack of training for successors exacerbate the problem (Ibrahim & Musa, 2024).
Despite the importance of succession planning, limited research focuses on its impact on business continuity in the context of family-owned enterprises in Kano State. This study aims to fill this gap by investigating the effectiveness of succession planning strategies.
Objectives of the Study
- To evaluate succession planning strategies employed by family-owned enterprises in Kano State.
- To analyze the impact of succession planning on business continuity.
- To identify challenges hindering effective succession planning in family-owned enterprises.
Research Questions
- What succession planning strategies are adopted by family-owned enterprises in Kano State?
- How does succession planning influence business continuity?
- What challenges affect the implementation of effective succession planning?
Research Hypotheses
- Succession planning significantly influences business continuity in family-owned enterprises.
- Effective succession planning positively impacts business sustainability.
- Challenges in succession planning negatively affect business operations and continuity.
Scope and Limitations of the Study
The study focuses on family-owned enterprises in Kano State from 2023 to 2025, examining succession planning strategies and their impact. It excludes non-family-owned businesses and enterprises outside the state. Limitations include sensitivity of succession planning discussions and lack of formal documentation in some businesses.
Definitions of Terms
- Succession Planning: The process of identifying and preparing individuals to take over leadership roles within an organization.
- Business Continuity: The ability of a business to maintain operations and services during and after major changes or disruptions.
- Family-Owned Enterprises: Businesses owned and managed by one or more family members, often passed down across generations.
