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Family Businesses and Adaptation: A Dynamic Capabilities Approach

Duarte Alonso, A, Kok, SK and O Shea, M (2018) Family Businesses and Adaptation: A Dynamic Capabilities Approach. Journal of Family and Economic Issues. ISSN 1058-0476

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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. © 2018, The Author(s).

Item Type: Article
Uncontrolled Keywords: 1499 Other Economics
Subjects: H Social Sciences > HF Commerce > HF5001 Business
Divisions: Liverpool Business School
Publisher: Springer
Date Deposited: 14 Sep 2018 11:04
Last Modified: 14 Sep 2018 11:04
DOI or Identification number: 10.1007/s10834-018-9586-3
URI: http://researchonline.ljmu.ac.uk/id/eprint/9224

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