Strategic Decision-Making in Small Firms: Towards a Typology of Entrepreneurial Decision-Makers

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Title:	Strategic Decision-Making in Small Firms: Towards a Typology of Entrepreneurial Decision-Makers
Author(s):	Gibcus, P.; Vermeulen, P.A.M. ; Jong, J.P.J. de
Publication year:	2004
Publisher:	Zoetermeer : EIM
Number of Pages:	22 p.
Series:	Scales ; N200416
Publication type:	External research report
Please use this identifier to cite or link to this item : http://hdl.handle.net/2066/157339
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Subject:	Other research Onderzoek overig
Organization:	Strategie
Abstract:	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.