The collective effect of succession planning succession timing and successor commitment on corporate growth strategy among local family businesses in the manufacturing sector in Nairobi County

Abstract

A family business can be defined as a business that will be passed on for next generation to manage and control OR a business run by at least one family member OR founder operated business with anticipation of passing the business to the next generation OR where at least 51% of the business is owned by a single family or at least two family members are involved in the management of operational activities in the business and transfer of leadership to next generational family members is anticipated.