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Dynamic capabilities in the context of Brexit and international wine business: An exploratory two-country study

Duarte Alonso, A and Kok, SK (2018) Dynamic capabilities in the context of Brexit and international wine business: An exploratory two-country study. Thunderbird International Business Review. ISSN 1096-4762

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Abstract

This exploratory study proposes a conceptual framework based on the dynamic capabilities approach (DCA) to advance the understanding of firms' responses to turbulence, illustrated by the Brexit phenomenon. The case of wine producers is examined, with a particular focus on perceived impacts of and responses to Brexit among wineries predominantly involved in exports. Data from 281 mainly micro and small exporting Italian and Spanish winery firms were gathered. Various differences emerged in how both groups of businesses perceived Brexit's impacts, and how they planned to respond. Some of these ways revealed principles associated with the DCA, such as possessing critical organizational resources, notably, tangible, intangible, and human to create capabilities. Furthermore, while various comments denoted indecisiveness and uncertainty, others underscored the vital need to exploit opportunities through engaging with new international consumer markets. Overall, the proposed framework facilitates an in‐depth understanding of winery entrepreneurs' strategic behavior in response to turbulent situations.

Item Type: Article
Additional Information: This is the peer reviewed version of the following article: Duarte Alonso A, Kok S. Dynamic capabilities in the context of Brexit and international wine business: An exploratory two‐country study. Thunderbird Int. Bus. Rev. 2018;1–14, which has been published in final form at https://dx.doi.org/10.1002/tie.22011 This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.
Uncontrolled Keywords: 1503 Business And Management
Subjects: H Social Sciences > HF Commerce > HF5001 Business
H Social Sciences > HF Commerce
Divisions: Liverpool Business School
Publisher: Wiley
Date Deposited: 29 Oct 2018 10:35
Last Modified: 29 Oct 2018 10:40
DOI or Identification number: 10.1002/tie.22011
URI: http://researchonline.ljmu.ac.uk/id/eprint/9560

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