<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The key aspects of today’s economic climate are intensified competitiveness and fast-changing global markets. In order to stay competitive, family companies need to respond to these developments and more frequently seek foreign expansion themselves. To understand how organisations should respond to changes in the market to retain a competitive edge, the idea of knowledge management and dynamic capabilities has indeed been developed. Such an environmental transition could be the internationalisation of a family business. The purpose of this research is to examine, through the lens of knowledge management and dynamic capabilities, the internationalisation of family companies. A qualitative single case study model of a family business that has been through an international expansion has been considered, collecting evidence through semi-structured qualitative interviews with three of the company’s key individuals. The study reveals that in the internationalisation process, there are many skills that assist family companies. Sensing technologies include screening capabilities for networks and industries and helping family companies identify new prospects in international markets. Seizing skills provide decision-making and management capabilities and change the capital base to take advantage of the possibilities previously sensed. Finally, family businesses should constantly reconfigure their tools with transforming skills, which consist of entrepreneurial knowledge capabilities, to optimise processes and frameworks in the current international setting. Different facets of family life influence the development of these complex skills.</p>
</abstract>

The key aspects of today’s economic climate are intensified competitiveness and fast-changing global markets. In order to stay competitive, family companies need to respond to these developments and more frequently seek foreign expansion themselves. To understand how organisations should respond to changes in the market to retain a competitive edge, the idea of knowledge management and dynamic capabilities has indeed been developed. Such an environmental transition could be the internationalisation of a family business. The purpose of this research is to examine, through the lens of knowledge management and dynamic capabilities, the internationalisation of family companies. A qualitative single case study model of a family business that has been through an international expansion has been considered, collecting evidence through semi-structured qualitative interviews with three of the company’s key individuals. The study reveals that in the internationalisation process, there are many skills that assist family companies. Sensing technologies include screening capabilities for networks and industries and helping family companies identify new prospects in international markets. Seizing skills provide decision-making and management capabilities and change the capital base to take advantage of the possibilities previously sensed. Finally, family businesses should constantly reconfigure their tools with transforming skills, which consist of entrepreneurial knowledge capabilities, to optimise processes and frameworks in the current international setting. Different facets of family life influence the development of these complex skills.

Romanian family business internationalization: knowledge management and dynamic capabilities

National University of Political Studies and Public Administration

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

The key aspects of today’s economic climate are intensified competitiveness and fast-changing global markets. In order to stay competitive, family companies...

Romanian family business internationalization: knowledge management and dynamic capabilities

Published Online: Dec 31, 2021

Page range: 160 - 169

DOI: https://doi.org/10.2478/picbe-2021-0016

Keywords
family business, internationalisation, knowledge management, dynamic capabilities

© 2021 Adrian Motoc, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Romanian family business internationalization: knowledge management and dynamic capabilities

Published Online: Dec 31, 2021

Page range: 160 - 169

DOI: https://doi.org/10.2478/picbe-2021-0016

Keywordsfamily business, internationalisation, knowledge management, dynamic capabilities

© 2021 Adrian Motoc, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
family business, internationalisation, knowledge management, dynamic capabilities