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

Thabani Nyoni

MPRA Paper from University Library of Munich, Germany

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.

Keywords: SMEs; Succession Planning; Zimbabwe (search for similar items in EconPapers)
JEL-codes: L21 L26 (search for similar items in EconPapers)
Date: 2019-01-03
New Economics Papers: this item is included in nep-ent
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91352

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