Family firms’ management decision to export/not to export: A resource-based view

Duarte Alonso, A and O'Brien, Seamus ORCID logoORCID: https://orcid.org/0000-0001-8221-0340 (2017) Family firms’ management decision to export/not to export: A resource-based view. Journal of Advances in Management Research, 14 (3). pp. 270-287. ISSN 0972-7981

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Official URL: https://doi.org/10.1108/JAMR-06-2016-0053

Abstract / Summary

Purpose – The purpose of this exploratory study is to address some knowledge gaps in the family entrepreneurship literature, examining the cases of seven Western Australian family firms with various degrees of export involvement, including no involvement. In this process, the study incorporates the resource-based view of the firm (RBVF). Design/methodology/approach – Face-to-face and telephone interviews conducted with firm co-owners and one manager of seven family firms. Content analysis and word association were employed to analyse the data gathered. Findings – The interviews revealed the significance of various key resources regardless of firms’ extent of export involvement. Indeed, alignments with the RBVF emerged, with firms’ strategies resting on valuable, rare, perfectly immobile and non-substitutable resource attributes. More lucrative consumer markets, diversifying, product recognition, and minimising the impact of domestic competitors were main reasons to export. In contrast, rising costs, unfavourable currency exchanges, or mediocre previous experiences were motives for discontinuing exports. Nonetheless, building on their resource foundation, nonexporting firms’ strategies focused on strengthening their involvement in the domestic market, perceived as a valued alternative. Originality/value – The academic literature identifies various knowledge gaps concerning family firm entrepreneurship, including research focusing on family firms’ internationalisation process. By addressing this under-researched area, the study provides an element of originality and value. In addition, despite Western Australia’s proximity to neighbouring markets, limited contemporary research on family firms has been conducted in this state; hence, the study provides an original component. Finally, the study seeks to refine the RBVF in the context of family firm research.

Item Type: Article
ISSN: 0972-7981
Subjects: Business
Depositing User: Seamus O'Brien
Date Deposited: 16 Feb 2021 13:37
Last Modified: 16 Feb 2021 13:37
URI: http://repository.falmouth.ac.uk/id/eprint/4215

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