Human resource management adaptation among family firms operating in Western Australia: an exploratory study
Journal of Family Business Management
ISSN: 2043-6238
Article publication date: 23 October 2020
Issue publication date: 10 February 2022
Abstract
Purpose
Interviews were conducted with eight family businesses involved in several industries in Western Australia.
Design/methodology/approach
The purpose of this study is to draw on the experiences of family-owned firms and explore how contemporary human resource management (HRM) and allied developments shape their business practices.
Findings
Significant strengths emerged relevant to “formalised HRM processes” and “familiness”. However, challenges were simultaneously experienced or interpreted as negatively affecting family firm performance. In addition, there was a relationship between challenges and external environmental factors. These challenges are categorised as “labour costs and supply” and “formalising HRM practices”. Further, participants discussed emerging opportunities, and how they were strategically considering the relationship between organisation finance, innovation, future growth, operations and HRM.
Originality/value
From a practical standpoint, the research addresses the complexities of managing contemporary HRM developments in ways that contribute to improved family firm performance. From a theoretical perspective, key insights of the resource-based view (RBV) of the firm and strategic HRM theory are considered to gain a deeper understanding of family firms' adaptive managerial activities.
Keywords
Acknowledgements
The authors would like to thank the reviewers for their helpful suggestions.
Citation
O'Shea, M. and Duarte Alonso, A. (2022), "Human resource management adaptation among family firms operating in Western Australia: an exploratory study", Journal of Family Business Management, Vol. 12 No. 1, pp. 90-105. https://doi.org/10.1108/JFBM-05-2020-0045
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited