An Approach for Analyzing the Vulnerability of Small Family Businesses

Systems

Lisa Cowan²  Vic Wright¹  Alberto Paucar-Caceres³ 

[1] UNE Business School, University of New England, Armidale 2351, Australia;;Victorian Department of Economic Development, Jobs, Transport and Resources, Tatura 3616, Australia;id="af1-systems-04-00003">1Victorian Department of Economic Development, Jobs, Transport and Resources, Tatura 3616, Austral

关键词: small family businesses;    vulnerability;    Australian agriculture;    path dependence;    production control theory;    image theory;    value chains;   

DOI  :  10.3390/systems4010003

来源: mdpi

【 摘 要 】

In a given operating environment, small family businesses typically have fewer resources to minimize vulnerability. Identifying this exposure is basic to strategic analysis and, potentially, public policy analysis. This can become even more important when structural change in the environment is expected while its exact character is not known. The implications of climate change for Australian family farms are an example. This paper reports a study designed to analyse the vulnerability of dairy farms in Victoria, Australia. The study draws on production control (applied general systems) theory, value chains and image theory to capture comprehensively the lock-in arising from salient past decisions and impact on the current business structure and strategy. This is the path dependence that defines the constraints and associated options available to small family businesses. The authors identify benefits associated with the use of dynamic analysis of vulnerability over static analysis. Generalizable implications regarding analysis of vulnerability in small family businesses are offered.

【 授权许可】

CC BY   
© 2016 by the authors; licensee MDPI, Basel, Switzerland.