Title

Family businesses and adaptation: A dynamic capabilities approach

Document Type

Journal Article

Publisher

Springer Nature

School

School of Business and Law

RAS ID

27684

Comments

Originally published as:

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.

Original article available here.

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

Access Rights

Free_to_read

Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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