| Autor: |
III, John James Cater, Beal, Brent |
| Zdroj: |
Journal of Family Business Management; 2014, Vol. 4 Issue 1, p62-78, 17p |
| Abstrakt: |
Purpose – The purpose of this paper is to examine the experiences of family business owners in an externally induced crisis from a resource-based perspective. Design/methodology/approach – The paper employs a qualitative case study approach involving 22 firms. Findings – In the aftermath of the BP oil spill, a series of ripple effects impacted family firms both negatively and positively. The paper outlines five ways that family firms may improve company performance in crisis situations. Research limitations/implications – Although our study is rich in qualitative detail, it is important to recognize that the BP oil spill represents a unique crisis context and caution should be exercised in generalizing the study's findings. Practical implications – While ripple effects may be powerful at the industry and industry sub-group level, the paper provides evidence that family firms may overcome these external effects using one or more of five strategic initiatives: strong networking relationships, idiosyncratic local knowledge, flexibility, rapid response, and exercising trust with caution. Originality/value – The study validates the potential utility of a ripple effect model in the study of family businesses and externally induced crises. It has the potential to contribute to improving management response. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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