Strategic Decision-Making in Small Firms: Towards a Typology of Entrepreneurial Decision-Makers
Zoetermeer : EIM
Scales ; N200416
Number of pages
External research report
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SubjectScales; NON-RU research; Onderzoek niet-RU
Most changes in firms take place after a decision has been made. Obviously small firms are no exception to this, but how this decision-making process looks like is still an uncharted area of research. There are many studies that focus on the decision-making process of large firms, but only a few pay attention to small firms. The underlying quantitative study investigated the decision-making process in SMEs. Drawing upon a database of 646 firms across eight industries, this paper develops a typology of decision-makers in small firms. Five types of decision-makers are distinguished: daredevils, lone rangers, doubtful minds, informers’ friends and busy bees.
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