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Information Sources Used for Strategic Planning Decisions in Small Firms

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  • Pamela Hammers Specht

Abstract

Sources used by strategic planning groups in small firms to collect information on the environment were studied. The relationship between perceived environmental change and complexity and use of personal and impersonal information sources was found not to be direct, but moderated by uncertainty about planning and intolerance of the ambiguous situation. In addition, personal sources were found to be used more than impersonal.

Suggested Citation

  • Pamela Hammers Specht, 1987. "Information Sources Used for Strategic Planning Decisions in Small Firms," Entrepreneurship Theory and Practice, , vol. 11(4), pages 21-36, April.
    • Handle: RePEc:sae:entthe:v:11:y:1987:i:4:p:21-36
    DOI: 10.1177/104225878701100402
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    Cited by:

    1. Brian Gibson, 1993. "The Alternative to Assuming 'Rational' Use of Financial Information within Small Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 2(2), pages 163-174, Spring.
    2. Pindard-Lejarraga, Maud & Lejarraga, José, 2024. "Information source and entrepreneurial performance expectations: Experience-based versus description-based opportunity evaluations," Journal of Business Research, Elsevier, vol. 172(C).
    3. Oppewal, Harmen & Louviere, Jordan J. & Timmermans, Harry J. P., 2000. "Modifying Conjoint Methods to Model Managers' Reactions to Business Environmental Trends: An Application to Modeling Retailer Reactions to Sales Trends," Journal of Business Research, Elsevier, vol. 50(3), pages 245-257, December.
    4. D. Sue Schafer, 1991. "Level of Entrepreneurship and Scanning Source Usage in Very Small Businesses," Entrepreneurship Theory and Practice, , vol. 15(2), pages 19-32, January.
    5. Dennis Hanlon & Chad Saunders, 2007. "Marshaling Resources to Form Small New Ventures: Toward a More Holistic Understanding of Entrepreneurial Support," Entrepreneurship Theory and Practice, , vol. 31(4), pages 619-641, July.
    6. Blume, Brian D. & Covin, Jeffrey G., 2011. "Attributions to intuition in the venture founding process: Do entrepreneurs actually use intuition or just say that they do?," Journal of Business Venturing, Elsevier, vol. 26(1), pages 137-151, January.

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