Family Business Founders’ Influence On Future Survival Of Family Businesses

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dc.contributor.authorMuriithi, Samuel Muiruri
dc.date.accessioned2023-08-15T09:12:53Z
dc.date.available2023-08-15T09:12:53Z
dc.date.issued2016-01
dc.descriptionJournal Articleen_US
dc.description.abstractSmall and medium sized businesses are the engines that drive economic development and contribute significantly to the Gross Domestic Products (GDP) of most countries. The roots of such businesses are the families that form their foundations. To succeed, family business founders must establish strong foundations, structures and succession plans. This paper examined the role of African and Indian business founders in determining the future of their businesses across generations. The study targeted 52 business founders (owners) and managers operating Mombasa City (Kenya) and used stratified random sampling method to identify the respondents. A questionnaire was used as the primary data collection instrument while a documentary analysis was performed to attain secondary data. The paper found that family businesses are predominant among all respondents. It was also found that most Indian families involve family members in business during strategic development and planning. In terms of longevity, Indians businesses lasted longer while African businesses were only a few years old and rarely succeeded across two or three generations.en_US
dc.identifier.citationMuriithi, S. M., Waithira, V., & Wachira, M. (n.d.). FAMILY BUSINESS FOUNDERS’ INFLUENCE ON FUTURE SURVIVAL OF FAMILY BUSINESSES.en_US
dc.identifier.issn2348 0386
dc.identifier.urihttps://repository.daystar.ac.ke/handle/123456789/4198
dc.language.isoenen_US
dc.publisherInternational Journal of Economics, Commerce and Managementen_US
dc.subjectFoundersen_US
dc.subjectAfricansen_US
dc.subjectIndiansen_US
dc.subjectGenerationsen_US
dc.subjectSuccession Plansen_US
dc.titleFamily Business Founders’ Influence On Future Survival Of Family Businessesen_US
dc.typeArticleen_US

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