Entrepreneurship: conceptualised model on strategic decision making Online publication date: Thu, 01-May-2014
by Maninderpal Singh Saini; Gyewan Moon
International Journal of Business Information Systems (IJBIS), Vol. 16, No. 1, 2014
Abstract: Partially building on the decision thinking process model, we introduce a new model from a cognitive perspective in regards to entrepreneurial decision making. The study addresses the psychological dimensions involved in the decision-making phenomena and its relation to how entrepreneurs make strategic decisions. We develop factors based on the literature review and an analysis allowed us to interview eight entrepreneurs. Fundamentally, all the factors we propose tie into the entrepreneur's vision: thus the outcome is a successful strategic decision. The study sheds light into areas which past literature has overlooked, and has paved the way for academics to view entrepreneurship from a psychological perspective. Further, we suggest adaptation of the model would make a suitable management tool to aid decision making. This research has in turn broadened the field of knowledge regarding entrepreneurial behaviour and its relation to the decision making process.
Online publication date: Thu, 01-May-2014
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Information Systems (IJBIS):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com