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Innovation, Dynamic Capabilities And Family Firms Operating In An Emerging Economy, Abel Duarte Alonso, Seamus O'Brien, Seng Kok
Innovation, Dynamic Capabilities And Family Firms Operating In An Emerging Economy, Abel Duarte Alonso, Seamus O'Brien, Seng Kok
Research outputs 2014 to 2021
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 …