Authors :
Billiat Chigaga; Mubanga Mpundu
Volume/Issue :
Volume 9 - 2024, Issue 7 - July
Google Scholar :
https://tinyurl.com/3bvrjsxk
Scribd :
https://tinyurl.com/2wd55njh
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24JUL230
Abstract :
Introduction
Succession planning is a critical aspect of business
continuity, as it ensures the continued survival and
growth of businesses. Zimbabwean businesses face unique
challenges, including political and economic instability,
which can impact their ability to ensure business
continuity. This study aimed to investigate the role of
succession planning in ensuring business continuity in
Zimbabwean businesses.
Methodology
The study used a case study approach, with a focus
on Zimbabwean businesses. Data was collected through
semi-structured interviews with top management and HR
professionals from selected Zimbabwean businesses. The
data was analyzed using thematic analysis, with the aid of
NVivo software.
Findings
The study found that succession planning is a key
aspect of business continuity in Zimbabwean businesses.
The study identified several themes, including the
importance of succession planning, the challenges of
implementing succession planning, and the benefits of
succession planning.
Results Analysis
The study's results show a significant positive
relationship between succession planning and business
continuity. The results also show that succession planning
is a significant predictor of business continuity. The
study's findings support the importance of succession
planning in ensuring the continued survival and growth
of Zimbabwean businesses.
Conclusion
The study concludes that succession planning is a
critical aspect of business continuity in Zimbabwean
businesses. The study's findings highlight the need for
Zimbabwean businesses to prioritize succession planning
as a key aspect of their business strategy. The study's
results also underscore the importance of developing a
comprehensive succession planning program that
includes identifying and developing future leaders,
creating a talent pipeline, establishing a timeline for
transition, communicating the succession plan to
stakeholders, and reviewing and updating the plan
regularly.
Keywords :
Succession Planning, Business Continuity, Zimbabwean Businesses, Case Study.
References :
- Bazeley, P. (2013). Qualitative data analysis: Practical methods. Sage Publications.
- Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77-101.
- BCI (2018). Business continuity management: A guide.
- Creswell, J. W. (2014). Research design: Qualitative, quantitative, and mixed methods approaches. Sage Publications.
- Delta Beverages (2020). Succession planning at Delta Beverages. Harare: Delta Beverages.
- Econet Wireless (2020). Succession planning at Econet Wireless. Harare: Econet Wireless.
- Field, A. (2018). Discovering statistics using IBM SPSS statistics. Sage Publications.
- HBR (2019). Succession planning: A guide for CEOs.
- ISO 22301 (2019). Business continuity management systems - Requirements. International Organization for Standardization.
- IBM (2020). SPSS software. IBM Corporation.
- National Foods Limited (2020). Succession planning at National Foods Limited. Harare: National Foods Limited.
- Moyo, M. (2018). Succession planning in Zimbabwean businesses: A review of the literature. Journal of Business Management, 10(2), 1-10.
- Marshall, C. (2017). Research methods: A guide for beginners. Sage Publications.
- Patton, M. Q. (2015). Qualitative research and evaluation methods. Sage Publications.
- Stake, R. E. (1995). The art of case study research. Sage Publications.
- SHRM (2020). Succession planning: A guide for HR professionals.
- Hanson, M., et al. (2017). The impact of succession planning on business continuity. Journal of Business Management, 9(1), 1-12.
- HBR (2019). Succession planning: A guide for CEOs. Harvard Business Review.
- SHRM (2020). Succession planning: A guide for HR professionals. Society for Human Resource Management.
- Rothwell, W. J. (2015). Effective succession planning: Ensuring leadership continuity and building talent from within. Society for Human Resource Management.
- Yin, R. K. (2014). Case study research: Design and methods. Sage Publications.
- ZESA (2020). Succession planning at ZESA. Harare: ZESA.
- Zimbabwe Chamber of Commerce (2020). Business continuity and succession planning in Zimbabwean businesses. Harare: Zimbabwe Chamber of Commerce.
- ZCC (2020). Business continuity and succession planning in Zimbabwean businesses. Harare: Zimbabwe Chamber of Commerce.
Introduction
Succession planning is a critical aspect of business
continuity, as it ensures the continued survival and
growth of businesses. Zimbabwean businesses face unique
challenges, including political and economic instability,
which can impact their ability to ensure business
continuity. This study aimed to investigate the role of
succession planning in ensuring business continuity in
Zimbabwean businesses.
Methodology
The study used a case study approach, with a focus
on Zimbabwean businesses. Data was collected through
semi-structured interviews with top management and HR
professionals from selected Zimbabwean businesses. The
data was analyzed using thematic analysis, with the aid of
NVivo software.
Findings
The study found that succession planning is a key
aspect of business continuity in Zimbabwean businesses.
The study identified several themes, including the
importance of succession planning, the challenges of
implementing succession planning, and the benefits of
succession planning.
Results Analysis
The study's results show a significant positive
relationship between succession planning and business
continuity. The results also show that succession planning
is a significant predictor of business continuity. The
study's findings support the importance of succession
planning in ensuring the continued survival and growth
of Zimbabwean businesses.
Conclusion
The study concludes that succession planning is a
critical aspect of business continuity in Zimbabwean
businesses. The study's findings highlight the need for
Zimbabwean businesses to prioritize succession planning
as a key aspect of their business strategy. The study's
results also underscore the importance of developing a
comprehensive succession planning program that
includes identifying and developing future leaders,
creating a talent pipeline, establishing a timeline for
transition, communicating the succession plan to
stakeholders, and reviewing and updating the plan
regularly.
Keywords :
Succession Planning, Business Continuity, Zimbabwean Businesses, Case Study.