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

NYONI, THABANI (2019): Factors affecting succession planning in Small and Medium Enterprises (SMEs) in Zimbabwe: a case study of Harare.

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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.

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