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Dynamic capabilities in a sixth generation family firm: entrepreneurship and the Bibby Line

Jones, O., Ghobadian, A. and O'Regan, N. (2013) Dynamic capabilities in a sixth generation family firm: entrepreneurship and the Bibby Line. Business History. ISSN 1743-7938

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To link to this article DOI: 10.1080/00076791.2012.744590

Abstract/Summary

In this paper we draw on the theory of dynamic capabilities to examine development of the only surviving family-owned Liverpool shipping company. The Bibby Line was founded in 1807 to take advantage of the growing sea-trade based in Liverpool. The company remained in shipping until the mid-1960s, when a series of external crises led the owner, Derek Bibby, to begin a process of diversification. In the last 50 years, the Bibby Line has grown into a £1bn business with interests in retail, distribution and financial services as well as a continuing commitment to shipping. Our intention is to demonstrate how multigenerational ownership contributes to the creation of dynamic capabilities in family firms. The distinctive nature of Bibby as a long-standing family business is related to unique assets such as patient capital, flexible governance structures as well as the ability to mobilise social and human capital.

Item Type:Article
Refereed:Yes
Divisions:Henley Business School > Leadership, Organisations and Behaviour
ID Code:29569
Uncontrolled Keywords:dynamic capabilities, resource-based view, strategic renewal, familiness, entrepreneurship, shipping, diversification
Publisher:Taylor & Francis

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