Sustainability of Family Owned Business: An Empirical Evidence from Family Owned Businesses

Abstract:

The purpose of the research is to figure out impact of Succession planning, Decision making authority and Successor influence on sustainability of Family Owned Businesses in Pakistan. This research will provide insights and recommendations to entrepreneurs and specifically family owned businessmen that how to make business sustainable for long term. Data will be collected from Family Owned Business Owners from Pakistan. Respondents will be selected on the basis of purposive sampling technique. Four big Cities of Pakistan (Lahore, Islamabad, Karachi, Hyderabad) has been chosen for sample population from which data will be collected. Respondent will be interviewed with semi structured survey questionnaire. Narrative analysis will be used to interpret results.