The U.S. Brewing Industry, Strategic Windows And Survival. Issue 4 (19th August 2014)

• Record Type: Journal Article
• Authors: Walter, Lynn Anne; Edelman, Linda F; Hatten, Keneth J
• Editors: Carraher, Shawn
• Is Part Of: Journal of management history. Volume 20:Issue 4(2014)
• Publication Date: 2014-08-19
• Subjects: Management -- History -- Periodicals; Public administration -- History -- Periodicals; 658.009
• DOI: 10.1108/JMH-02-2014-0017
• Languages: English
• ISSNs: 1751-1348

Abstract

Abstract : Purpose: To investigate how dynamic capabilities enabled survival in a select group of brewers, during one of the lengthiest and most severe industry consolidations in history. In doing so, we advance Abel's 1978 theory of strategic windows through integration with the resource based view of the firm. Design/methodology/approach: Using a mixed method approach, we first apply case study methods to develop hypotheses around the timing and level of operational capability required for survival. In the second phase, we test these hypothesized estimations on the U.S. Brewing population. Findings: Findings indicate that brewers which had advanced distribution and manufacturing operational capabilities before the strategic window of opportunity closed had higher survival rates. Practical implications: This study reinforces the importance of making timely strategic investments in capabilities. Originality/value: The integration of strategic window and capability theories advances our understanding of the roles that capabilities and time play in determining firm survival.