{"id":32912,"date":"2023-09-04T17:01:07","date_gmt":"2023-09-04T14:01:07","guid":{"rendered":"https:\/\/sbs.strathmore.edu\/?p=32912"},"modified":"2023-09-04T17:01:07","modified_gmt":"2023-09-04T14:01:07","slug":"the-importance-of-succession-planning-for-family-owned-businesses","status":"publish","type":"post","link":"https:\/\/sbs.strathmore.edu\/en_gb\/the-importance-of-succession-planning-for-family-owned-businesses\/","title":{"rendered":"The Importance of Succession Planning for Family-Owned Businesses"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-slider-sc\"><div class=\"fusion-flexslider-loading flexslider flexslider-hover-type-none\" data-slideshow_autoplay=\"0\" data-slideshow_smooth_height=\"0\" data-slideshow_speed=\"7000\" style=\"max-width:100%;height:100%;\"><ul class=\"slides\"><li class=\"image\"><span class=\"lazyload fusion-image-hover-element hover-type-none\"><img decoding=\"async\" src=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\" data-orig-src=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\" width=\"1200\" height=\"675\" class=\"lazyload wp-image-32914\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%271200%27%20height%3D%27675%27%20viewBox%3D%270%200%201200%20675%27%3E%3Crect%20width%3D%271200%27%20height%3D%27675%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1-200x113.png 200w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1-400x225.png 400w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1-600x338.png 600w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1-800x450.png 800w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png 1200w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/span><\/li><li class=\"image\"><span class=\"lazyload fusion-image-hover-element hover-type-none\"><img decoding=\"async\" src=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web.png\" data-orig-src=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web.png\" width=\"1200\" height=\"675\" class=\"lazyload wp-image-32913\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%271200%27%20height%3D%27675%27%20viewBox%3D%270%200%201200%20675%27%3E%3Crect%20width%3D%271200%27%20height%3D%27675%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web-200x113.png 200w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web-400x225.png 400w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web-600x338.png 600w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web-800x450.png 800w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web.png 1200w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/span><\/li><li class=\"image\"><span class=\"lazyload fusion-image-hover-element hover-type-none\"><img decoding=\"async\" src=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2.png\" data-orig-src=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2.png\" width=\"1200\" height=\"675\" class=\"lazyload wp-image-32916\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%271200%27%20height%3D%27675%27%20viewBox%3D%270%200%201200%20675%27%3E%3Crect%20width%3D%271200%27%20height%3D%27675%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2-200x113.png 200w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2-400x225.png 400w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2-600x338.png 600w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2-800x450.png 800w, https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web2.png 1200w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/span><\/li><\/ul><\/div><\/div><div class=\"fusion-text fusion-text-1\"><p><strong>The Importance of Succession Planning for Family-Owned Businesses<\/strong><\/p>\n<p>Family businesses are the backbone of economies worldwide, contributing significantly to both economic growth and job creation. However, the complexities of managing and ensuring a smooth transition from one generation to the next can be particularly challenging.<\/p>\n<p>Family-owned schools, like any family business, possess distinct characteristics and dynamics that set them apart from other educational institutions. These establishments often start with a founder&#8217;s vision and a commitment to providing quality education. Over time, the school becomes deeply ingrained in the family&#8217;s identity, culture, and values.<\/p>\n<p>However, the very qualities that make family-owned schools unique also create challenges when it comes to succession planning. Succession planning in family-owned schools is essential for several reasons: continuity of vision, stability and growth and mitigation of future conflicts.<\/p>\n<p>By addressing the unique dynamics of family businesses and following a strategic planning process, family-owned schools can navigate the transition from one generation to the next with confidence and success, ultimately preserving their founders&#8217; educational legacies.<\/p>\n<p>Speaking during the Executive Investment Advisory Breakfast for Kenya Private Schools Association, Dr. Edward Mungai, Deputy Vice Chancellor for Planning and Development at Strathmore University emphasized three key points:<\/p>\n<h3>The importance succession planning for family businesses<\/h3>\n<p>He noted that developing a Family Business Constitution (FBC) was a critical component for family businesses as it sets the ball rolling for the development of a succession plan and the continuity of the business.<\/p>\n<h3>Professionalization of family businesses<\/h3>\n<p>Many family businesses still operate with some level of informality and lack proper operational structures. As such family businesses need to prioritize designing structures to align roles and responsibilities. This also helps hold family members accountable to their deliverables.<\/p>\n<h3>Dispute resolution<\/h3>\n<p>Family businesses are prone to disputes just as any other businesses but they tend to be very sensitive to disputes due to their very nature. Keeping this in mind, family businesses must come up with dispute resolution measures that do not affect either the business or the family.<\/p>\n<p>Almost all companies start as family businesses, but only those that master the challenges intrinsic to this form of ownership endure growth, maintain collegiality and harmony as a family and achieve success in the business. In the process, they transition successfully across generations and proceed to prosper and diversify into multi-location and multi-industry businesses.<\/p>\n<p>The <a href=\"https:\/\/sbs.strathmore.edu\/en_gb\/family-business-executive-programme\/\">Family Business Executive Programme<\/a> aims to impart on participants practical skills and best practice insights needed to sustain family businesses through generations. Learn more about this Programme<a href=\"https:\/\/sbs.strathmore.edu\/en_gb\/family-business-executive-programme\/\"> <strong>here<\/strong><\/a><\/p>\n<p><strong>By Juliet Hinga <\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":32914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[39],"tags":[207,206,156],"class_list":["post-32912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-entrepreneurship","tag-family-business","tag-sedic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.2.1 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Importance of Succession Planning for Family-Owned Businesses - Strathmore University Business School<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbs.strathmore.edu\/en_gb\/the-importance-of-succession-planning-for-family-owned-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Importance of Succession Planning for Family-Owned Businesses\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbs.strathmore.edu\/en_gb\/the-importance-of-succession-planning-for-family-owned-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Strathmore University Business School\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-04T14:01:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Juliet Hinga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Juliet Hinga\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/\"},\"author\":{\"name\":\"Juliet Hinga\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/#\\\/schema\\\/person\\\/ef65175d48e8c61e0454cc7b137a849d\"},\"headline\":\"The Importance of Succession Planning for Family-Owned Businesses\",\"datePublished\":\"2023-09-04T14:01:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/\"},\"wordCount\":1323,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\",\"keywords\":[\"entrepreneurship\",\"family business\",\"sedic\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/\",\"url\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/\",\"name\":\"The Importance of Succession Planning for Family-Owned Businesses - Strathmore University Business School\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\",\"datePublished\":\"2023-09-04T14:01:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/#\\\/schema\\\/person\\\/ef65175d48e8c61e0454cc7b137a849d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#primaryimage\",\"url\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\",\"contentUrl\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/the-importance-of-succession-planning-for-family-owned-businesses\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/sbs.strathmore.edu\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Importance of Succession Planning for Family-Owned Businesses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/#website\",\"url\":\"https:\\\/\\\/sbs.strathmore.edu\\\/\",\"name\":\"Strathmore University Business School\",\"description\":\"Developing Great African Leaders\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sbs.strathmore.edu\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/#\\\/schema\\\/person\\\/ef65175d48e8c61e0454cc7b137a849d\",\"name\":\"Juliet Hinga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/juliet-hinga-profile-150x150.png\",\"url\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/juliet-hinga-profile-150x150.png\",\"contentUrl\":\"https:\\\/\\\/sbs.strathmore.edu\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/juliet-hinga-profile-150x150.png\",\"caption\":\"Juliet Hinga\"},\"gender\":\"Male\",\"knowsLanguage\":[\"English\",\"Kiswahili\"],\"jobTitle\":\"Cimmunications Manager\",\"worksFor\":\"Strathmore University Business School\",\"url\":\"https:\\\/\\\/sbs.strathmore.edu\\\/en_gb\\\/author\\\/juliet-hinga\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Importance of Succession Planning for Family-Owned Businesses - Strathmore University Business School","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sbs.strathmore.edu\/en_gb\/the-importance-of-succession-planning-for-family-owned-businesses\/","og_locale":"en_GB","og_type":"article","og_title":"The Importance of Succession Planning for Family-Owned Businesses","og_url":"https:\/\/sbs.strathmore.edu\/en_gb\/the-importance-of-succession-planning-for-family-owned-businesses\/","og_site_name":"Strathmore University Business School","article_published_time":"2023-09-04T14:01:07+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png","type":"image\/png"}],"author":"Juliet Hinga","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Juliet Hinga"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#article","isPartOf":{"@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/"},"author":{"name":"Juliet Hinga","@id":"https:\/\/sbs.strathmore.edu\/#\/schema\/person\/ef65175d48e8c61e0454cc7b137a849d"},"headline":"The Importance of Succession Planning for Family-Owned Businesses","datePublished":"2023-09-04T14:01:07+00:00","mainEntityOfPage":{"@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/"},"wordCount":1323,"commentCount":0,"image":{"@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#primaryimage"},"thumbnailUrl":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png","keywords":["entrepreneurship","family business","sedic"],"articleSection":["News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/","url":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/","name":"The Importance of Succession Planning for Family-Owned Businesses - Strathmore University Business School","isPartOf":{"@id":"https:\/\/sbs.strathmore.edu\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#primaryimage"},"image":{"@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#primaryimage"},"thumbnailUrl":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png","datePublished":"2023-09-04T14:01:07+00:00","author":{"@id":"https:\/\/sbs.strathmore.edu\/#\/schema\/person\/ef65175d48e8c61e0454cc7b137a849d"},"breadcrumb":{"@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#primaryimage","url":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png","contentUrl":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2023\/09\/The-Importance-of-Succession-Planning-for-Family-Owned-Businesses-web1.png","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/sbs.strathmore.edu\/the-importance-of-succession-planning-for-family-owned-businesses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sbs.strathmore.edu\/"},{"@type":"ListItem","position":2,"name":"The Importance of Succession Planning for Family-Owned Businesses"}]},{"@type":"WebSite","@id":"https:\/\/sbs.strathmore.edu\/#website","url":"https:\/\/sbs.strathmore.edu\/","name":"Strathmore University Business School","description":"Developing Great African Leaders","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sbs.strathmore.edu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/sbs.strathmore.edu\/#\/schema\/person\/ef65175d48e8c61e0454cc7b137a849d","name":"Juliet Hinga","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2024\/03\/juliet-hinga-profile-150x150.png","url":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2024\/03\/juliet-hinga-profile-150x150.png","contentUrl":"https:\/\/sbs.strathmore.edu\/wp-content\/uploads\/2024\/03\/juliet-hinga-profile-150x150.png","caption":"Juliet Hinga"},"gender":"Male","knowsLanguage":["English","Kiswahili"],"jobTitle":"Cimmunications Manager","worksFor":"Strathmore University Business School","url":"https:\/\/sbs.strathmore.edu\/en_gb\/author\/juliet-hinga\/"}]}},"_links":{"self":[{"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/posts\/32912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/comments?post=32912"}],"version-history":[{"count":1,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/posts\/32912\/revisions"}],"predecessor-version":[{"id":32917,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/posts\/32912\/revisions\/32917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/media\/32914"}],"wp:attachment":[{"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/media?parent=32912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/categories?post=32912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbs.strathmore.edu\/en_gb\/wp-json\/wp\/v2\/tags?post=32912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}