scholarly journals Liquefied Natural Gas as a Marine Fuel in Australia: Developing a Conceptual Framework for Strategic Decision-Making

2018 ◽  
Vol 32 (1) ◽  
pp. 497-527
Author(s):  
Rumesh H. Merien-Paul ◽  
Hossein Enshaei ◽  
Shantha Gamini Jayasinghe
Keyword(s):  
Decision Making ◽  
Natural Gas ◽  
Conceptual Framework ◽  
Liquefied Natural Gas ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Marine Fuel

The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics

2021 ◽  
pp. 089448652098563
Author(s):  
Pasquale Massimo Picone ◽  
Alfredo De Massis ◽  
Yi Tang ◽  
Ronald F. Piccolo
Keyword(s):  
Decision Making ◽  
Conceptual Framework ◽  
Family Business ◽  
Research Agenda ◽  
Family Firms ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Future Research ◽  
Future Research Agenda ◽  
Biases And Heuristics

Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.

scholarly journals The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences

2021 ◽  
Vol 34 (2) ◽  
pp. 122-131
Author(s):  
Ronald H. Humphrey ◽  
Alfredo De Massis ◽  
Pasquale Massimo Picone ◽  
Yi Tang ◽  
Ronald F. Piccolo
Keyword(s):  
Decision Making ◽  
Conceptual Framework ◽  
Family Business ◽  
Family Firms ◽  
Firm Behavior ◽  
Family Firm ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Firm Outcomes ◽  
Biases And Heuristics

Exploring the psychological foundations of management in family firms is necessary to understand why they formulate and implement strategies differently from nonfamily firms, and why and how family firm behavior varies across different family firms. Picone et al. (2021. The psychological foundations of management in family firms: Values, biases, and heuristics. Family Business Review, 34(1), 12-32) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm members affect strategic decision-making and family firm outcomes. Drawing on this framework, we examine emotions, memories, and experiences in family firms, disentangling “what we know” from “what we should know”, and offering some relevant questions to advance the field.

Open strategy: what is the impact of national culture?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Henry Adobor
Keyword(s):  
Decision Making ◽  
Conceptual Framework ◽  
National Culture ◽  
Cultural Dimensions ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Content Type ◽  
Different Cultures ◽  
The Impact ◽  
Open Strategy

Purpose This paper aims to argue that national cultural context variables influence open strategy formation processes. This study suggests that country-specific differences may influence open strategy, a form of strategic decision-making and present propositions linking national culture dimensions, national trust orientation and open strategy. Design/methodology/approach The conceptual framework links the literature on Hofstede’s cultural dimensions to the open strategy paradigm. This paper adopts a contingency approach linking national culture to open strategy. Findings The theoretical arguments demonstrate that uncertainty avoidance, time orientation, power distance, individualism versus collectivism and national trust culture all have a moderating influence on the antecedents and outcomes of open strategy. The findings extend the external validity of the open strategy paradigm and show that a culture-bound explanation of open strategy may be useful to the understanding of open strategy. Practical implications The findings highlight the challenges and opportunities that managers face when they adopt open strategy processes in multinational settings and across different cultures. Managers need to be aware that national cultural variables affect how employees behave and how they are likely to act when faced with opportunities for inclusion, shared decision-making and transparency. The findings suggest that training employees ahead of time on the cultural effects of their behavior may aid the successful adoption of open strategy in different cultures. Originality/value This manuscript to our knowledge, maybe one of the first to make a direct link between openness and national cultural values. In the process, the conceptual framework extends research on the role of context on openness, as well as research at the nexus of cross-cultural issues and strategic decision-making.

scholarly journals Holt-Winters Forecasting for Brazilian Natural Gas Production

2019 ◽  
Vol 7 (6) ◽  
pp. 119-129 ◽  
Author(s):  
Otavio Chase
Keyword(s):  
Decision Making ◽  
Natural Gas ◽  
Energy Supply ◽  
Vital Role ◽  
Gas Production ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Decision Making Process ◽  
Natural Gas Production ◽  
Production Values

Nowadays, the market for natural gas production and its use as a source of energy supply has been growing substantially in Brazil. However, the use of tools that assist the industry in the management of production can be essential for the strategic decision-making process. In this intuit, this work aims to evaluate the formulation of Holt Winter's additive and multiplicative time series to forecast Brazilian natural gas production. A comparison between the models and their forecast play a vital role for policymakers in the strategic plan, and the models estimated production values ​​for the year 2018 based on the information contained in the interval between 2010 and 2017. Therefore, It was verified that the multiplicative method had a good performance so that we can conclude this formulation is ideal for such an application since all the predicted results by this model showed greater accuracy within the 95% confidence interval.

scholarly journals HR Managers’ Emotions in Strategic Decision-Making Events: Evidence from Croatia

2021 ◽  
Vol 13 (2) ◽  
pp. 845
Author(s):  
Marli Gonan Božac ◽  
Katarina Kostelić
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Strategic Planning ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Personal Perspective ◽  
Human Resource Managers ◽  
Organizational Perspective ◽  
Hr Managers ◽  
Experienced Emotion

The inclusion of emotions in the strategic decision-making research is long overdue. This paper deals with the emotions that human resource managers experience when they participate in a strategic problem-solving event or a strategic planning event. We examine the patterns in the intensity of experienced emotions with regard to event appraisal (from a personal perspective and the organization’s perspective), job satisfaction, and coexistence of emotions. The results reveal that enthusiasm is the most intensely experienced emotion for positively appraised strategic decision-making events, while frustration is the most intensely experienced emotion for negatively appraised problem-solving events, as is disappointment for strategic planning. The distinction between a personal and organizational perspective of the event appraisal reveals differences in experienced emotions, and the intensity of experienced anger is the best indicator of the difference in the event appraisals from the personal and organizational perspective. Both events reveal the variety of involved emotions and the coexistence of—not just various emotions, but also emotions of different dominant valence. The findings indicate that a strategic problem-solving event triggers greater emotional turmoil than a strategic planning event. The paper also discusses theoretical and practical implications.

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