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Family Businesses and Adaptation: A Dynamic Capabilities Approach

Author

Listed:
  • Abel Duarte Alonso

    (Liverpool John Moores University
    Edith Cowan University)

  • Seng Kok

    (Liverpool John Moores University)

  • Michelle O’Shea

    (Western Sydney University)

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.

Suggested Citation

  • Abel Duarte Alonso & Seng Kok & Michelle O’Shea, 2018. "Family Businesses and Adaptation: A Dynamic Capabilities Approach," Journal of Family and Economic Issues, Springer, vol. 39(4), pages 683-698, December.
    • Handle: RePEc:kap:jfamec:v:39:y:2018:i:4:d:10.1007_s10834-018-9586-3
    DOI: 10.1007/s10834-018-9586-3
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    References listed on IDEAS

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    Cited by:

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    2. Carla Curado & António Mota, 2021. "A Systematic Literature Review on Sustainability in Family Firms," Sustainability, MDPI, vol. 13(7), pages 1-17, March.

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