Navigating time and risks: Unravelling the impact of temporal orientation and risk-taking behaviour on dynamic capabilities in Dutch family businesses.
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2023-08-17
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nl
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Abstract
has been widely acknowledged that dynamic capabilities are critical for organisations to deal with
changes in a volatile environment, yet there has been little research conducted to understand family
business’ dynamic capabilities. Moreover, research into how family business characteristics may
influence their dynamic capabilities is even rarer. In order to address these gaps in management
literature, this study zooms in on two specific family business characteristics. This study tried to
examine how the temporal orientation and risk-taking behaviours of Dutch family businesses influence
their dynamic capabilities. Although the literature has previously studied the temporal orientation and
risk-taking behaviour of family businesses, it remains unclear how it impacts their dynamic capabilities.
To address this question, a qualitative interview study has been carried out by conducting 11 semistructured
interviews with MT or board members of Dutch family businesses. This study found that
the temporal orientation of family businesses does influence their dynamic capabilities, as the longterm
orientation of family businesses drives a more proactive approach towards sensing, seizing and
reconfiguring activities. Additionally, the findings show that the risk-taking behaviour of family
businesses has little impact on the sensing and reconfiguring capabilities of family businesses, but
shows a more pronounced impact on the seizing capabilities. Therefore, these findings support
previous research that found that family business characteristics influence dynamic capabilities. This
study contributes to advancing the exploration of how family business characteristics influence
dynamic capabilities and encourages scholars to pursue further investigation in this underexplored
research area.
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Faculteit der Managementwetenschappen