Author(s): Masoje O.M. Akpor-Robaro
The paper presents a model of the relationship between entrepreneurial succession and family business survival. The model details the role of personal characteristics of the successor in the survival of family business using business practices as the intermediating factor between entrepreneurial succession and family business survival. Entrepreneurial succession is used as the choice of successor, embodying certain identified personal characteristics of the individual. The relevant personal characteristics is derived from the integration of both psycho-demographic characteristics of an individual which determine his/her entrepreneurial behavior at the operational phase of the business.