Ensuring Business Continuity through Succession Planning: A Case Study of Zimbabwean Businesses

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.