Journal
CALIFORNIA MANAGEMENT REVIEW
Volume 58, Issue 1, Pages 41-64Publisher
SAGE PUBLICATIONS INC
DOI: 10.1525/cmr.2015.58.1.41
Keywords
Families & Family Life; Business Failures; B2B; Business Model Development
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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? Cimber, a Denmark-based family-owned airline, has developed different business models since its establishment in 1950. Resource dependence theory can help illuminate the actions that Cimber took in this process. The family played an important role in balancing internal and external influences, shaping the scope and complexity of the business model, and creating specific path dependencies.
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