| dc.description.abstract | Family businesses are important contributors to wealth and employment creation in any country. Indeed the
economic landscape of most nations remains dominated by family firms. In Kenya, one of the Vision 2030
objectives is to create new jobs and the growth of family businesses is important to help achieve this objective.
Unfortunately, many family businesses collapse within the first few years of operation and others stagnate
leading to loss of jobs and greatly affecting the Kenyan economy.Succession can be defined as the process
through which the leadership of the business is transferred from the outgoing generation to the successor
generation, which can either be a family member or a non-family member. A number of researchers have stated
that one of the most significant factors that determine continuity of the family firm from one generation to the
next is whether the succession process is planned. Companies that do not have succession plans have a lot at
stake. The founder of those businesses could see their lifelong hard work dismantled or even sold to non-family
members. This study sought to investigate the effect of succession planning on growth strategy among the local
family businesses in the manufacturing sector in Nairobi County | en_US |
