Family businesses and adaptation : a dynamic capabilities approach

Abel Duarte Alonso, Seng Kok, Michelle O'Shea

Research output: Contribution to journalArticlepeer-review

34 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)683-698
Number of pages16
JournalJournal of Family and Economic Issues
Volume39
Issue number4
Publication statusPublished - 1 Dec 2018

Bibliographical note

Publisher Copyright:
© 2018, The Author(s).

Open Access - Access Right Statement

This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativeco mmons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

Keywords

  • Western Australia
  • adaptability (psychology)
  • adaptation
  • family-owned business enterprises
  • organizational change

Fingerprint

Dive into the research topics of 'Family businesses and adaptation : a dynamic capabilities approach'. Together they form a unique fingerprint.

Cite this