Rafiu Akinpelu Olaore

Entrepreneurial Family Firms in Nigeria: Succession Planning and Challenges Rafiu Akinpelu Olaore

The book provides a highly structured and comprehensive approach on how culture impacts the succession planning in an entrepreneurial family firm in Nigeria with particular reference to a polygamous family. The author adopted comparative multiple case study approach by selecting five polygamous family firms for in-depth exploration of findings. The author established that a culture of polygamy, political and economic activities pose challenges in family business succession planning. More so, the result of the theoretical framework applied in this study concurred with the literature that cultural, political and economic conditions interlinked with a family business. Consequently, they have an impacts on entrepreneurial family firms succession planning and its management. This book, therefore, identifies challenges in family firms and suggests best succession planning to transfer the family business to the next generation successfully.