Adaptation or Expiration in Family Firms
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Adaptation or Expiration in Family Firms

Organizational Flexibility in Emerging Economies

Andrés Hatum

Andrés Hatum explores determinants of organizational flexibility in this examination of four family-owned companies, two flexible and two less flexible, from the edible oil and pharmaceutical industries. By means of an innovative analysis – including longitudinal analysis, coding analysis, statistical analysis and the use of original display charts – he illustrates the determinants of flexibility and sheds light on the process of transformation and adaptation of family firms, an area that has not yet been the subject of extensive empirical inquiry.
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Chapter 11: Conclusions

Andrés Hatum

Extract

11. Conclusions This book examines the process of organizational adaptation and the competitiveness of firms in an emerging economy. The study is set in the Argentinian context of the 1990s when a combination of economic and political change triggered a transformation in the competitive context of indigenous family firms. Two highly flexible firms and two less flexible firms were studied from the pharmaceutical and edible oil industries and longitudinal data were used to explore the determinants of organizational flexibility in those organisations. This perspective raised a number of important issues regarding the content and process of being flexible and the determinants of organizational flexibility. Recognition of this gap in the literature prompted the development of three researchable questions: ● ● ● Do some firms display more flexibility than others in competitive circumstances? Why are some firms able to display more flexibility? And how do they do it? In this final chapter we return to our research questions and draw together the results of our case study findings and analysis. We will also discuss the contributions this research has made to the study of flexibility, adaptation and change theory. We also identify the contributions to both the literature and practices of family firms and the literature on the influence of national differences as shapers of the organizational action of firms. Finally, we describe the limitations of our work and suggest recommendations for further research, both to address these limitations and to exploit the utility of the research method developed during this study....

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