Document Type
Journal Article
Publication Title
Journal of Family and Economic Issues
Publisher
Springer Nature
School
School of Business and Law
RAS ID
27684
Abstract
The main objective of this research was to propose a framework centred on the dynamic capabilities approach, and to be applied in the context of family businesses’ adaption to their changing business environment. Data were gathered through interviews with ten FBs operating in Western Australia. Based on the findings, the clusters of activities, sensing, seizing, and transforming emerged as key factors for firms’ adaptation, and were reinforced by firms’ open culture, signature processes, idiosyncratic knowledge, and valuable, rare, inimitable and non-substitutable attributes. Thus, the usefulness of the proposed framework was confirmed. Implications and future research opportunities are presented.
DOI
10.1007/s10834-018-9586-3
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Comments
Alonso, A. D., Kok, S., & O’Shea, M. (2018). Family businesses and adaptation: A dynamic capabilities approach. Journal of Family and Economic Issues, 39(4), 683-698.
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