Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises

Detalhes bibliográficos
Autor(a) principal: Crespo, Nuno Fernandes
Data de Publicação: 2023
Outros Autores: Crespo, Cátia Fernandes, Calado, Maria
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.8/9006
Resumo: This work was supported by National Funds of the FCT – Portuguese Foundation for Science and Technology within the projects UIDB/04928/2020 and UIDB/SOC/04521/2020.
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spelling Strategic responses of the family businesses in accommodation industry: lessons for overcoming crisesStrategic orientationsFamily businessFamily adaptabilityStrategic responsesCrisis survivalThis work was supported by National Funds of the FCT – Portuguese Foundation for Science and Technology within the projects UIDB/04928/2020 and UIDB/SOC/04521/2020.Purpose – The purpose of this study is threefold: 1) to examine the relevance of specific strategic orientations for family businesses in the context of an intense crisis such as the COVID-19 pandemic; 2) to investigate the role of a family adaptability in surviving the crisis; and 3) to assess how proactive strategic responses connected with marketing or retrenchment responses connected with reducing costs relate to the expected survival of the crisis. Design/methodology/approach – The method adopted is a quantitative research approach. The theoretical framework uses a partial least squares structural equation modeling (PLS-SEM) for the data collected from an online survey of a sample of 544 family businesses in the accommodation industry. Findings – This paper makes three main findings. First, family businesses that invest in operational marketing actions as a strategic response to the crisis have a high expectation of surviving the crisis. Second, family businesses that reduce their operational and labor costs as a strategic response have a low expectation of surviving the crisis. Third, the family business’s adaptability is also fundamental to their expectation of survival. Originality/value – This is the first paper to identify the possible reactions of family businesses to the COVID-19 crisis. the authors show that there are proactive or retrenchment strategic responses, and the authors relate those responses to the expectancy of surviving the crisis. This is also the first study to examine the relevance of family adaptability as a measure of the resilience of family businesses and, therefore, as a determinant of the expectation of surviving the crisis.EmeraldIC-OnlineCrespo, Nuno FernandesCrespo, Cátia FernandesCalado, Maria2023-12-06T16:55:05Z2023-032023-03-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.8/9006engCrespo, N. F., Crespo, C. F., & Calado, M. (2023). Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises. Journal of Family Business Management, 13(1), 118-145–145. https://doi.org/10.1108/JFBM-03-2022-00452043-6238https://doi.org/10.1108/JFBM-03-2022-00452043-6246metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-17T15:58:41Zoai:iconline.ipleiria.pt:10400.8/9006Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:51:36.041040Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
title Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
spellingShingle Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
Crespo, Nuno Fernandes
Strategic orientations
Family business
Family adaptability
Strategic responses
Crisis survival
title_short Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
title_full Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
title_fullStr Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
title_full_unstemmed Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
title_sort Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises
author Crespo, Nuno Fernandes
author_facet Crespo, Nuno Fernandes
Crespo, Cátia Fernandes
Calado, Maria
author_role author
author2 Crespo, Cátia Fernandes
Calado, Maria
author2_role author
author
dc.contributor.none.fl_str_mv IC-Online
dc.contributor.author.fl_str_mv Crespo, Nuno Fernandes
Crespo, Cátia Fernandes
Calado, Maria
dc.subject.por.fl_str_mv Strategic orientations
Family business
Family adaptability
Strategic responses
Crisis survival
topic Strategic orientations
Family business
Family adaptability
Strategic responses
Crisis survival
description This work was supported by National Funds of the FCT – Portuguese Foundation for Science and Technology within the projects UIDB/04928/2020 and UIDB/SOC/04521/2020.
publishDate 2023
dc.date.none.fl_str_mv 2023-12-06T16:55:05Z
2023-03
2023-03-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.8/9006
url http://hdl.handle.net/10400.8/9006
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Crespo, N. F., Crespo, C. F., & Calado, M. (2023). Strategic responses of the family businesses in accommodation industry: lessons for overcoming crises. Journal of Family Business Management, 13(1), 118-145–145. https://doi.org/10.1108/JFBM-03-2022-0045
2043-6238
https://doi.org/10.1108/JFBM-03-2022-0045
2043-6246
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dc.publisher.none.fl_str_mv Emerald
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