Managing Turbulence in a Family-Owned Airline: A Resource Dependence Perspective on Business Model Development
California Management Review, Forthcoming
40 Pages Posted: 1 Aug 2015
Date Written: July 29, 2015
How can a family business reduce environmental uncertainty and dependence by developing its business model, changing the logic of creating and capturing value through its activities? We address this question by exploring the case of Cimber, a Denmark-based family-owned airline, which has developed different business models since its establishment in 1950. We build on resource dependence theory to investigate the actions that Cimber took in this process. We find an important role of the family in balancing internal and external influences, in shaping the scope and complexity of the business model, and in creating specific path dependencies in this process.
Suggested Citation: Suggested Citation