Mosaic of Factors Promoting Succession Strategies in the New Financial Context of Moroccan Companies: Focus on Family Businesses

Abstract

The purpose of this research is to examine the relationship between family governance specificities of the Moroccan unlisted businesses and the success of succession strategies. The study conducted qualitative research using semi-structured interviews with managers from a sample of 20 unlisted Moroccan family businesses, including 8 SMEs, 6 large firms, and 6 VSEs. The results highlight the influence of Moroccan cultural specificities on the governance processes, and consequently, the success of family business succession. These influences essentially manifest themselves in two antecedents: succession planning and process, and cultural constraints that manifest in different configurations of family business succession governance. KEYWORDS: family business, governance, succession plan, succession process