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Innovation, dynamic capabilities and family firms operating in an emerging economy

Alonso, AD, O'Brien, S and Kok, SK (2018) Innovation, dynamic capabilities and family firms operating in an emerging economy. Journal for International Business and Entrepreneurship Development, 11 (3). pp. 221-242. ISSN 1549-9324

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Abstract

Drawing on the dynamic capabilities framework (DCF), this exploratory study examines family firms' involvement in innovation practices, including reasons and ways to innovate. The cases of four family firms operating in an emerging economy (Uruguay) are investigated. Semi-structured, face-to-face and telephone interviews were conducted with owners and managers, and complemented with e-mail correspondence. Based on the imperative need to solve problems in their industry, firms' managements were intensively involved in various innovative processes. These processes included quality improvements, responding to a dynamic and competitive business and consumer environment, and extending the life and survival of the family enterprise for future generations. Notably, the importance of sensing and learning in the form of identifying and assimilating key information, and seizing and applying such information to develop or adopt innovation, including new technologies, emerged strongly. The findings also highlight the usefulness of the DCF to understand firms' integration, and transformation of learning. © 2018 Inderscience Enterprises Ltd.

Item Type: Article
Uncontrolled Keywords: 1503 Business And Management
Subjects: H Social Sciences > HF Commerce > HF5001 Business
Divisions: Liverpool Business School
Publisher: InderScience Publishers
Date Deposited: 07 Dec 2018 10:57
Last Modified: 07 Dec 2018 15:02
DOI or Identification number: 10.1504/JIBED.2018.095173
URI: http://researchonline.ljmu.ac.uk/id/eprint/9782

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