0000000000482916
AUTHOR
Consuelo Dolz
Improving the likelihood of SME survival during financial and economic crises: The importance of TMTs and family ownership for ambidexterity
In the context of an economic and financial crisis characterized by scarce munificence and high uncertainty, we examine the role of organizational ambidexterity in SMEs survival, and the TMT and ownership characteristics that influence ambidexterity. Our analysis of Spanish manufacturing SMEs in the context of an international economic crisis suggests that: (1) firm survival is associated with ambidexterity; (2) diversity in TMT tenure improves firm ambidexterity and (3) a negative effect exists between family ownership and ambidexterity, but (4) a positive effect exists between family ownership and survival.This study contributes to our understanding of the antecedents of SME ambidexterity…
What explains the resilience of SMEs? Ambidexterity capability and strategic consistency
Abstract The ability to be resilient, to recover and bounce back when confronted with a threatening and stressful external event, such as the most recent global economic crisis, is an important issue for strategic management research, particularly for small and medium-sized enterprises (SMEs). Research studies on firm level antecedents of resilience offer contradictory propositions, some of which stress the need for experimentation, while others suggest focusing on reliability. To disentangle this controversy and face this gap, our study proposes that for SMEs to achieve resilience, it is necessary that these companies are able to efficiently respond to the changing environments through amb…
Antecedentes y dinamismo de la ambidestreza organizativa en las pymes
El objetivo de este trabajo es analizar algunos de los antecedentes de la ambidestreza organizativa en las pequenas y medianas empresas (Pymes). La ambidestreza es una capacidad dinamica que permite a las empresas obtener un elevado nivel de desempeno en situaciones que requieren alinearse con el entorno. En el trabajo se defiende que la ambidestreza tiene un componente estructural que la hace depender de los niveles previos de ambidestreza, pero que tambien tiene como antecedente las opciones de estrategia corporativa de la empresa. Concretamente, se postula que la utilizacion por parte de las empresas de las modalidades de crecimiento externo, a traves de las fusiones y adquisiciones, y d…
EMPRESA FAMILIAR, EQUIPOS DIRECTIVOS, DIVERSIDAD Y AMBIDIESTRÍA EN LAS PYMES
RESUMEN El objetivo de este trabajo es analizar el papel del carácter familiar en la ambidiestría de las pequeñas y medianas empresas (PyMEs). Proponemos que las capacidades asociadas al carácter familiar de la empresa y a las características demográficas de sus élites directivas, específicamente su diversidad, afectan a los procesos de toma de decisiones. Dichas características facilitan la percepción de los cambios en el entorno y la respuesta ante ellos con alternativas que, implicando conflictos o tensiones, permiten aprovechar dichos cambios y, además, promueven la habilidad de reconfigurar los recursos para conseguirlo. En una muestra de 132 PyMEs demostramos que la ambidiestría se ve…
The Role of Family Ownership in Survival and Bouncing Back
The latest global economic and financial crisis has been a litmus test for companies, especially for SMEs. These companies have had to demonstrate their ability to be resilient, surviving first and then recovering. This chapter studies the role of family ownership in the survival and recovery of SMEs during a stressful event. From a perspective based on the complementarity or substitutability of goals that family firms pursue, the authors propose that family ownership has a positive effect on survival but a negative effect on recovery. Furthermore, they propose that the risk of bankruptcy before a crisis moderates the relationship between family ownership and survival. Hypotheses have been …
How Target and Acquirer Firm can Create Value in the Integration Process in Order to Learn with and of the Partner?
Acquisitions between firms can create value through learning between acquirer and target firm well transferring knowledge from on partner to the other well creating new knowledge. The success in these acquisitions relies on the integration process, achieving that the knowledge of both partners is retained in the combined firm and that new knowledge is created or transferred. The aim of this work is to demonstrate that knowledge is a source of value creation in acquisitions and to analyze how firms are integrated in order to achieve knowledge transfer or knowledge creation. Specifically, we analyze three key management choices of the integration process, the autonomy level, the level of soci…