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International Journal of Family Business and Management Studies Open Access Research Article Introduction "Shirtsleeves to shirtsleeves in three generations" [1]. This saying, which originated in the United States of America (USA), refers to the tendency of family-owned enterprises not to be financially sustainable during the reign of the third generation or thereafter. This notion is not unique to the USA and in many countries, this sentiment is echoed. In Brazil, they say: "Pairico, filhonobre, netopobre". Roughly translated, it means rich father,

Tourism and its "midwife", aviation, are transnational sectors exposed to global uncertainties. This scenario-building exercise considers a specific subset of these uncertainties, namely the impact of the evolving global climate change regime on long-haul tourism (LHT), with a 2050 horizon. The basic problematique is that unconstrained growth in aviation emissions will not be compatible with 2050 climate stabilisation goals, and that the stringency and timing of public policy interventions could have far-reaching impacts-either on the market for future growth of LHT, or the natural ecosystem on which tourism depends. Following an intuitive-logic approach to scenario-building, three meta-level scenarios that can be regarded as "possible" futures for the evolution of LHT are described. Two of these, i.e., the "grim reaper" and the "fallen angel" scenarios, are undesirable. The "green lantern" scenario represents the desired future. Long-haul tourist destinations should heed the early warning signals identified in the scenario narratives, and contribute towards realising the desired future. They should further guard against being passive victims if the feared scenarios materialise, by adapting, repositioning early upon reading the signposts, hedging against risks, and seizing new opportunities.

One of the basic assumptions associated with the theoretical model as described in this article is that an organization (a system) can acquire capabilities through intentional strategic and operational initiatives. This intentional capability-building process also implies that the organisation intends to use these capabilities in a constructive way to increase competitive advantage for the firm. <b>Opsomming</b> Een van die basiese aannames wat geassosieer word met die teoretiese model wat in hierdie artikel beskryf word, is dat ’n organisasie (’n stelsel) vermoëns deur doelgerigte strategiese en operasionele inisiatiewe kan bekom. Hierdie voorgenome vermoë-skeppingsproses, veronderstel ook dat die onderneming daarop ingestel is om hierdie vermoëns op ’n konstruktiewe wyse te benut om die mededingende voordeel van die organisasie te verhoog