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Metropolitan Journal of Academic and Applied Research

Intergenerational Succession in African Family Businesses: Navigating the Transition from Founder to Dynasty

Authors: Dr. Ariyo Gracious Kazaara1 , Asiimwe Isaac Kazaara2

Journal: Metropolitan Journal of Academic and Applied Research (MJAAR)

Volume/Issue: Volume 4 - Issue 10

Published: 01 Jan 1970


Abstract

Intergenerational succession in African family businesses represents a critical challenge, with only 30% surviving into the second generation due to inadequate planning, founder reluctance to delegate, family conflicts, and tensions between traditional cultural values and modern governance principles. Despite their substantial contribution to African economies, these businesses lack culturally appropriate frameworks to navigate leadership transitions effectively.
Keywords

intergenerational succession, African family businesses, succession planning, governance structures, founder delegation, successor preparedness, family conflict, business continuity, leadership transition, family harmony

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