Mary Mugo

Growing a Business Empire Mary Mugo

Building a growing and enduring business is the dream of every entrepreneur. Every business leader desires to hand over leadership to a person who will ensuresustainable growth and continuity. Many businesses have stagnated and failed totake advantage of the international market due to ineffective succession planning. Effective management succession coupled with the right growth strategies iscritical to the growth of any organization. Majority of Family Businesses are characterised by alarming deteriorating"survival rates". Statistics show that about one third of family businesses survivethe transition from the founders (1st generation) to the 2nd generation ofowner-management. The Chandaria family business cited in this book, which isin its 5th generation and in more than 40 countries is an ideal case of effectivesuccession management. This book reveals practical effective succession planning, succession timing andsuccession management strategies. It also provides a comprehensive view ofvarious strategic issues related to growth in any business. This book will helpentrepreneurs and business leaders to do the right thing and ensure businesscontinuity and growth.