Toward a construct of dynamic capabilities malfunction: Insights from failed Chinese entrepreneurs

Hongxu Zhang; Joseph Amankwah-Amoah; Jonathan Beaverstock

doi:10.1016/j.jbusres.2018.06.020

Toward a construct of dynamic capabilities malfunction: Insights from failed Chinese entrepreneurs

Hongxu Zhang^*, Joseph Amankwah-Amoah, Jonathan Beaverstock

^*Corresponding author for this work

Research output: Contribution to journal › Article (Academic Journal) › peer-review

28 Citations (Scopus)

234 Downloads (Pure)

Abstract

This paper explores the processes and mechanisms of business failure in emerging economies. Drawing from the experiences of 50 failed entrepreneurs in China, we developed the concept of dynamic capabilities malfunction (DCM) to explain how business failure can stem from maladaptive, misallocation of attention and internal deficiencies. Our phase model explicates how exogenous and endogenous factors can interplay to contribute to DCM that ultimately led to the business closures. Another unexpected finding was that the failure occurred during the process of business transition. The implications for business failure research in emerging markets are discussed.

Original language	English
Pages (from-to)	415-429
Number of pages	15
Journal	Journal of Business Research
Volume	98
Early online date	29 Jun 2018
DOIs	https://doi.org/10.1016/j.jbusres.2018.06.020
Publication status	Published - 1 May 2019

Structured keywords

MGMT International Business Management and Strategy

Keywords

Business failure
Dynamic capabilities malfunction
Emerging economies
Entrepreneurs

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10.1016/j.jbusres.2018.06.020

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This is the author accepted manuscript (AAM). The final published version (version of record) is available online via Elsevier at https://www.sciencedirect.com/science/article/pii/S0148296318303072. Please refer to any applicable terms of use of the publisher.
Accepted author manuscript, 794 KBLicence: CC BY-NC-ND

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abstract = "This paper explores the processes and mechanisms of business failure in emerging economies. Drawing from the experiences of 50 failed entrepreneurs in China, we developed the concept of dynamic capabilities malfunction (DCM) to explain how business failure can stem from maladaptive, misallocation of attention and internal deficiencies. Our phase model explicates how exogenous and endogenous factors can interplay to contribute to DCM that ultimately led to the business closures. Another unexpected finding was that the failure occurred during the process of business transition. The implications for business failure research in emerging markets are discussed.",

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AU - Beaverstock, Jonathan

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AB - This paper explores the processes and mechanisms of business failure in emerging economies. Drawing from the experiences of 50 failed entrepreneurs in China, we developed the concept of dynamic capabilities malfunction (DCM) to explain how business failure can stem from maladaptive, misallocation of attention and internal deficiencies. Our phase model explicates how exogenous and endogenous factors can interplay to contribute to DCM that ultimately led to the business closures. Another unexpected finding was that the failure occurred during the process of business transition. The implications for business failure research in emerging markets are discussed.

KW - Business failure

KW - Dynamic capabilities malfunction

KW - Emerging economies

KW - Entrepreneurs

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DO - 10.1016/j.jbusres.2018.06.020

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VL - 98

SP - 415

EP - 429

JO - Journal of Business Research

JF - Journal of Business Research

ER -

Toward a construct of dynamic capabilities malfunction: Insights from failed Chinese entrepreneurs

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