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Table of Contents
Chapter 1: Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Research Questions
1.4 Objectives of the Study
1.5 Significance of the Study
1.6 Limitations and Delimitations
1.7 Scope of the Study
Chapter 2: Literature Review
2.1 Definition of Family Business
2.2 Importance of Strategic Planning in Family Businesses
2.3 Challenges Faced by Family Businesses
2.4 Best Practices in Strategic Planning for Family Businesses
2.5 Theoretical Framework
Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Techniques
Chapter 4: Discussion of Findings
4.1 Analysis of Data
4.2 Comparison of Findings with Literature
4.3 Implications for Family Businesses
4.4 Recommendations for Future Research
Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusion
5.3 Practical Implications
5.4 Contribution to Knowledge
5.5 Recommendations for Practice
Brief Overview on The Role of Strategic Planning in Family Businesses:
Family businesses play a significant role in the global economy, contributing to job creation and economic growth. However, many family businesses struggle to survive beyond the first generation due to a lack of strategic planning. Strategic planning is essential for the long-term success of family businesses as it helps them navigate challenges, seize opportunities, and achieve sustainable growth.
This research project aims to explore the role of strategic planning in family businesses, investigating how it can help them effectively manage transitions, succession, and innovation. The study will review existing literature on family businesses and strategic planning, analyze the challenges faced by family businesses, and identify best practices for strategic planning in this context.
By examining the experiences of successful family businesses and analyzing the impact of strategic planning on their performance, this study will provide valuable insights for family business owners, consultants, and policymakers. The findings of this research will contribute to the existing knowledge on strategic planning in family businesses and offer practical recommendations for enhancing their long-term success and sustainability.
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