Theophil Lucius Kayombo

Sociocultural Factors Influencing Adoption of Succession Planning Among Family-Owned Businesses: A Study of Dodoma City Council, Tanzania

Theophil Lucius Kayombo, Salumu Athumani Ally, Nashiri Abdallah Mahiki & Fadhiri Ayubu Zumba · Asian Journal of Economics, Business and Accounting · 2026

Family-owned businesses are the most important source of employment and revenue worldwide. Family firms make up between 80% and 90% of private companies globally. The study examines the socio-cultural factors influencing the adoption of succession planning in family-owned busines...