From Founders to Successors: Examining Intragenerational Succession Models in Family and Individually-Owned SMEs in Lagos State

Olalekan Olawunmi; Jubril Jawando; Bolawale Odunaike

doi:10.59890/ijasse.v3i5.178

Authors

Olalekan Olawunmi Department of Sociology, Madonna University
Jubril Jawando Department of Sociology, Madonna University
Bolawale Odunaike Department of Sociology, Madonna University

DOI:

https://doi.org/10.59890/ijasse.v3i5.178

Keywords:

Intragenerational Succession, SMEs, Lagos State, Family-Owned Businesses, Business Continuity, Leadership Transition, Qualitative Research, Succession Models

Abstract

This study investigates the various types of intragenerational business succession among small and medium-scale enterprises (SMEs) in Lagos State, Nigeria, with a focus on both family-owned and individually-established enterprises. Adopting an exploratory qualitative research design, the study employed in-depth interviews with 40 participants across 44 SMEs, supplemented by four detailed case studies, to capture the nuanced experiences, succession practices, and leadership transitions within different generational levels. The SMEs studied spanned four sectors: Wood, Furniture, and Charcoal; Food and Beverages; Fabrics and Textiles; and Herbal Medicines. Data were analyzed using content analysis facilitated by NVivo 14 software, generating themes and sub-themes related to succession types, strategies, challenges, and generational influences on business continuity. Findings reveal that intragenerational succession in Lagos SMEs manifests through multiple models, including direct inheritance, delegated leadership, mentorship-based transitions, and hybrid approaches that blend family influence with professional management. The study highlights the critical role of experience transfer, successor preparedness, and intergenerational dynamics in ensuring sustainable business operations. These insights contribute to a deeper understanding of succession practices in Nigerian SMEs and offer practical implications for policymakers, business consultants, and SME owners seeking to strengthen continuity and growth across generations.

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