Social and Behavioral Sciences Commons^™

Succession Success In Family Business In Ghana, Ghinwa Ghamloush

Walden Dissertations and Doctoral Studies

Some FOB leaders lack effective strategies to successfully transition a family-owned business (FOB) from one generation to another. Seventy percent of family-owned businesses (FOB) fail to transition from the first generation to the second generation. Guided by the theory of planned behavior as the conceptual framework, the purpose of this qualitative multiple case study was to explore the business strategies that three FOB leaders used to achieve a successful transition of a FOB from one generation to another. This study included three FOB leaders in Ghana who successfully sustained their business operations after leadership succession. Data were collected through semistructured …