JOURNAL ARTICLERendani Ralivhesa
International Journal of Research in Business and Social Science · 2025
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This study explores the challenges that impact the sustainability of family-owned businesses in Thohoyandou, Limpopo Province, South Africa. A qualitative design was employed, utilising semi-structured interviews with ten business owners and managers from diverse sectors, including transportation, construction, poultry farming, and retail. Thematic Content Analysis (TCA) was used to interpret the data. Findings revealed that poor financial management, skills shortages, over-expansion, limited government support, and family conflicts are the most significant threats to business survival. These internal and external constraints erode financial stability and governance structures, resulting in low longevity rates. The study recommends financial literacy training, formal governance mechanisms, succession planning, and simplified government support systems tailored for rural enterprises. Strengthening these aspects can enhance both sustainability and economic development in rural areas, such as Thohoyandou.
DOI 10.20525/ijrbs.v14i8.45390 Crossref citations0 OpenAlex citations
JOURNAL ARTICLEVictoria Adekomaya
International Journal of Research in Business and Social Science · 2025
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This study explores the complex dynamics of succession planning and conflict in family businesses in South Africa, with the objective of developing a theoretical framework to guide future research and practical interventions. A qualitative methodology was employed, using an interpretive research paradigm to gain in-depth insights into the lived experiences of family businesses. The study draws on a comprehensive review of literature to identify key themes, including governance structures, generational dynamics, cultural influences, and the role of communication in succession processes. Findings reveal that succession in South African family businesses is often hindered by a lack of formal planning, entrenched familial expectations, and unresolved interpersonal tensions. Cultural values and patriarchal norms also emerged as significant influences on how succession is perceived and enacted. The study concludes that effective succession planning in South African family businesses requires a context-sensitive approach that balances tradition with professionalization. It recommends the adoption of structured governance mechanisms, open communication strategies, and succession training for both incumbent and successor generations. This research present theoretical framework that integrates socio-cultural, organizational, and individual dimensions of succession planning and conflict management in family businesses.
DOI 10.20525/ijrbs.v14i8.43280 Crossref citations0 OpenAlex citations