Family-Owned Business in Africa

While studies have shown that only about 30% of family-owned businesses survive the second generation and less than 10% survive the third generation, there is a paucity of research on the causes of the failure rate of family-owned businesses in developing and emerging markets (DEMs). This book examines family-owned business management in DEMs with emphasis on Africa to uncover effective and ineffective strategies. It identifies corporate strategies, theoretical models and pragmatic measures for managing family-owned businesses to contribute to the growing debate on family-owned businesses in Africa and enhance the interchange of ideas, practices and innovative strategies for managing and improving their survival rate. It covers topics on succession, leadership, team management, sustainability, gender equality, culture and values, innovation and change management and will be of interest to researchers, academics, practitioners and students.