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June 11, 2026Open Access

Evaluating Succession Planning Strategies and Their Influence on the Continuity of Family Businesses in Agbor, Delta State

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Authors

RORichard Ohwona (Ph.D.) OghenochukoNPNwajei, Felix Liberty, PhD

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Overview

Randomized trial evaluates succession planning impact on family businesses, indicating essential strategies for stability.

Key Points

  • This study aims to evaluate how succession planning strategies affect the continuity of family businesses in Agbor, Delta State.
  • Descriptive survey design used to collect data from 50 registered family-owned firms.
  • Structured questionnaires gathered information on leadership development, mentorship, and communication.
  • Statistical analyses, including regression analysis using SPSS version 26, were performed.
  • Leadership development and mentorship explained 52.7% of the variance in business stability.
  • Knowledge transfer and communication accounted for 49.1% of the variation in business continuity.
  • Overall, structured succession planning is crucial for long-term sustainability of family businesses.

Cite This Study

Oghenochuko et al. (2026) studied this question.

synapsesocial.com/papers/6a2a52ae80c8f91e7f39ea9bhttps://doi.org/10.5281/zenodo.20613256
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The relationship between succession planning and survival of family business in Delta State, Nigeria2024 · 4 citations
  2. 2Succession Planning and Business Continuity of Family-Owned Business in Lagos State, Nigeria2024
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  4. 4Effect of Choice of Successor on Post Succession Business Survival: Evidence from Small and Medium-Scale Family Enterprises in Osun state, Nigeria2024 · 1 citations
  5. 5Factors affecting succession planning in family-owned fish trading SMEs in Mwanza City, Tanzania2024