Does Education of the Successor Matter towards Leadership Succession Planning in Family-Owned Businesses in Malawi?
Year: 2025
Type: article
Abstract: This qualitative study investigates the role of education in leadership succession planning within family-owned businesses across the hospitality, restaurant, and real estate sectors in Malawi. Data were collected through interviews with business owners and successors in Blantyre, Lilongwe, and Zomba. Findings reveal that formal education enhances managerial competence and sector-specific knowledge, but its value varies across locations due to cultural and contextual factors. Education combined with mentorship is crucial for successful succession. The study recommends tailored educational programs aligned with local business environments to improve succession outcomes.
Author: Deric Mesherckie Zanera, Ph.D.
Language: English
Domain: Social Sciences
SDG: Quality education
Open Access status: green
OpenAlex ID: W6893466158
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