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Features Of The Decision-Making In Smes

Author

Listed:
  • Lect. Radu Ogarcă Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

This paper is a literature review on the decision-making issues in a small and medium enterprise. The first part proposes an overview of the main theories and approaches regarding the managerial decision and the decision-making process, in general. In the second part, it tries to identify some specific elements of decision-making processes within SMEs, having as support the elements of the first part.

Suggested Citation

  • Lect. Radu Ogarcă Ph. D, 2010. "Features Of The Decision-Making In Smes," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(38), pages 1-20, May.
    • Handle: RePEc:aio:aucsse:v:3:y:2010:i:20:p:220-239
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    File URL: http://feaa.ucv.ro/AUCSSE/0038v3-028.pdf
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    References listed on IDEAS

    as
    1. van Gelderen, Marco & Frese, Michael & Thurik, Roy, 2000. "Strategies, Uncertainty and Performance of Small Business Startups," Small Business Economics, Springer, vol. 15(3), pages 165-181.
    2. Peter van Hoesel & Petra Gibcus, 2004. "Transforming an idea into a strategic decision in SMEs," Scales Research Reports H200311, EIM Business and Policy Research.
    3. Briley, Donnel A & Morris, Michael W & Simonson, Itamar, 2000. "Reasons as Carriers of Culture: Dynamic versus Dispositional Models of Cultural Influence on Decision Making," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 27(2), pages 157-178, September.
    4. Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
    5. Daniela Grieco, 2007. "The entrepreneurial decision: Theories, determinants and constraints," KITeS Working Papers 200, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised May 2007.
    6. Morris, Michael W. & Simonson, Itamar & Briley, Donnel A., 2000. "Reasons as Carriers of Culture: Dynamic vs. Dispositional Models of Cultural Influence on Decision Making," Research Papers 1607, Stanford University, Graduate School of Business.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    decision making; entrepreneurship; small and medium enterprises; entrepreneurial decision making; effectuation; practical intelligence; intellectual entrepreneurship;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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