STRATEGIC INFORMATION COMMUNICATION TECHNOLOGY FRAMEWORK AND SUSTAINABILITY OF SUCCESSION PLANNING OF KENYAN FAMILY ENTERPRISES

Abstract: Purpose-Business enterprises all over the world are struggling with the issue of succession planning and sustainability of firms and this state of affairs has paused a threat to the existence of businesses. This is especially true for Africa and Kenya in particular which have experienced numerous corporate collapses several of which have been attributed to succession planning challenges. Scholars are therefore tasked with the question of seeking for sustainable solutions which can be recommended to businesses to help them to have sustainable competitive advantage which will enable them to exist beyond several generations. This research examined the influence of information communication technology strategic framework on sustainability of the succession plans of Kenyan family enterprises. Design/methodology/approach-Descriptive Survey research design was used in the study because it helps to describe phenomena accurately and systematically. The study used a hypothesized framework to explain its relationship with succession planning sustainability of family enterprises. Questionnaires were used to collect data from 35 family enterprises selected at random across Kenyan counties. TheFive-point Likert Scale Questionnaire was administered to enterprise ownerswho were asked to rank constructs according to their degree of influence on sustainability of succession planning of family enterprises. The questionnaire was piloted by using Cronbach’s Alpha was used to pilot the questionnaire and all constructs displayed a significant positive result of over 0.6. The questionnaire was therefore deemed to have been reliable and within the recommended threshold. Data was analysed using ANOVA, Correlation and Multiple Linear Regression Analysis. Findings-The study added to new knowledge on the influence of strategic information communication technology framework and strategic planning of family enterprises. ICT strategies were found to facilitate easy storage and access to information in the long run. Knowledge management strategies indicated a positive relationship through helping firms to have better knowledge management capacity. Product innovation flexibility strategies were found to influence sustainability of succession planning of family enterprises through offering them platforms to implement, innovate and adopt flexible processes that respond to dynamic changes in market needs. Research Limitations/implications- Generalization of the research findings may not be possible because of the small sample of participants and also because the research was limited to the Kenyan context. However, the research findings do support the existing knowledge on the strategic Information Communication Technology framework and succession planning of family enterprises. Practical Implications-Owners of family enterprises would be able to appreciate the role of Strategic ICT framework in influencing the sustainability of succession planning of their family enterprises. The study also added to practical knowledge in the area of Strategic management and the role of ICT in influencing business process. The research also informed policy and guide in sustainability of the implementation of strategic ICT frameworks. Originality/Value The proposed Strategic Information communication technology framework was found to influence succession planning of family enterprises positively. Keywords: ICT strategies, Knowledge Management capability strategies, Product innovation flexibility strategies, Sustainability of family enterprises. Title: STRATEGIC INFORMATION COMMUNICATION TECHNOLOGY FRAMEWORK AND SUSTAINABILITY OF SUCCESSION PLANNING OF KENYAN FAMILY ENTERPRISES Author: UZEL JEANMUTINDI MZERA International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 10, Issue 1, April 2022 - September 2022 Page No: 315-325 Research Publish Journals Website: www.researchpublish.com Published Date: 28-June-2022 DOI: https://doi.org/10.5281/zenodo.6772481 Paper Download Link (Source) https://www.researchpublish.com/papers/strategic-information-communication-technology-framework-and-sustainability-of-succession-planning-of-kenyan-family-enterprisesInternational Journal of Management and Commerce Innovations, ISSN 2348-7585 (Online), Research Publish Journals, Website: www.researchpublish.co