CHO, NKAM MICHAEL and Okuboyejo, Sena and Dickson, Ndamsa (2017) Factors Affecting the Sustainability of Family Businesses in Cameroon: An Empirical Study in Northwest and Southwest Regions of Cameroon. Journal of Entrepreneurship: Research and Practice, 2017.
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Abstract
Most of the businesses in Cameroon are family-owned and managed. These businesses fall within the Small and Medium size Enterprises (SMEs) which contribute greatly to the GP of Cameroon and also provide jobs to many Cameroonians. These businesses face a lot of challenges ranging from their initiations, management and their lifespan, leading to the collapse of most of them leaving many people jobless. This study was carried out in the Northwest and Southwest Regions of Cameroon to identify those factors that influence the sustainability of this type of businesses so as to propose measures to both the State and Family Business owners that can be put in place to remedy the situation. Given that this was an exploratory research, a survey-based approach was used through the purposive sampling technique, where some thirty family businesses were studied using questionnaires and interviews. Both quantitative and qualitative research methods were used and the data were analyzed with the aid of SPSS 17 and Stata 14 software programs. Descriptive statistics was used to summarize the sampled opinions of the respondents. The results show that most of the family business initiators do not consider the sustainability of the businesses after they die and hence do not prepare for succession. Results from this study will enlighten stakeholders concerned with family businesses on the extent of sustainability and its configuration across business size as well as its determinants.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Family businesses, Business Sustainability, Cameroon, Northwest and Southwest Regions |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Dr Sena Okuboyejo |
| Date Deposited: | 21 Sep 2018 09:09 |
| Last Modified: | 21 Sep 2018 09:09 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/11712 |
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