An explorative study of inputs for entrepreneurs’ decision-making to create new venture in a high-tech context

2017 ◽  
Vol 18 (4) ◽  
pp. 243-255 ◽  
Author(s):  
Mehdi Zivdar ◽  
Narges Imanipour ◽  
Kambeiz Talebi ◽  
Seyed Rasul Hosseini
Keyword(s):  
Decision Making ◽  
Process Approach ◽  
New Venture ◽  
High Tech ◽  
Decision Making Process ◽  
Venture Creation ◽  
Decision Environment ◽  
Research Findings ◽  
Entrepreneurial Decision ◽  
Event Based

The explanation of the entrepreneurial decision-making phenomenon requires the adoption of a process approach. Yet, the majority of the research in this field has been done without utilization of a process approach. Besides, the decision-making process of entrepreneurs in any society is influenced by its environmental context. Therefore, this research adopts a process approach and aims to conceptualize inputs of decision-making process for new venture creation (NVC) in an Iranian high-tech context. The research employs qualitative–explorative design in order to take into account the specific regional context of Iran. This study utilized event-based interviews with 20 nascent entrepreneurs. Results of coding, categorizing and validating the research findings, revealed six main conceptual categories as the main inputs of the decision-making process for NVC in this context. The suggested propositions illustrate that the developed categories afford the two elements of individual decision maker and the decision environment. This article advances entrepreneurship literature by adopting an appropriate analytical focus and also utilizing a design which epistemologically and methodologically is applicable for involving context of exploration to attain more rigor and theoretical relevancy.

scholarly journals Antecedents of New Venture Creation Decision in Iranian High-Tech Industries: Conceptualizing by a Non-Teleological Approach

2017 ◽  
Author(s):  
Mehdi Zivdar ◽  
Narges Imanipour
Keyword(s):  
Decision Making ◽  
New Venture ◽  
High Tech ◽  
Decision Making Process ◽  
New Venture Creation ◽  
Venture Creation ◽  
Main Research ◽  
Entrepreneurial Decision ◽  
Iranian Context ◽  
Event Based

Entrepreneurs’ decision-making process is one of the main research topics in entrepreneurship studies. This research aims to conceptualize the antecedents of new venture creation decision in Iranian high tech industries. The research utilizes an innovative non-teleological approach in order to take into account the specific regional context of Iran. Most research into entrepreneurial decision making utilizes teleological approaches; however, these models could not adequately explain the phenomena within the Iranian context. This qualitative study utilized event- based interviews with 20 nascent entrepreneurs. Results from coding, categorizing and validating the research findings, revealed 3 main categories as antecedents of new venture creation decision. Accordingly, concepts of entrepreneurial meta-cognition; primary actions and receiving feedback; and positive attitude toward change, constitute the main antecedents of new venture creation decision in this context. The findings also reveal the non-teleological nature of entrepreneurial decision-making, and adoption of some effectuation logics in the studied decision-making process.

scholarly journals Creating ventures: decision factors in new venture creation

2016 ◽  
Vol 10 (1) ◽  
pp. 151-167 ◽  
Author(s):  
William W. Kirkley
Keyword(s):  
Decision Making ◽  
Pilot Study ◽  
Research Design ◽  
Cognitive Processes ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Content Type ◽  
Entrepreneurial Decision ◽  
Larger Sample

Purpose The purpose of this pilot study was to identify the key factors that influence the decisions of entrepreneurs who are considering the creation of a new venture. The pilot was conducted to explore the cognitive antecedents of entrepreneurial decision-making and whether specific factors contribute to the decision to create a new venture. Design/methodology/approach The study utilised an inductive and interpretive research design within a constructivist paradigm. The sample comprised entrepreneurs situated in a business incubation unit who engaged in a series of semi-structured interviews. The results of this study will be used to refine the questions asked in preparation for a larger sample using in-depth interviews with identified entrepreneurs. The resulting narrative in this pilot was subjected to discourse analysis and is categorised into relevant themes. Findings The findings in this pilot study reveal that factors such as technological advancement, market opportunity, competition, customer demand and prevailing market conditions have a significant influence on the decision-making process involved in creating a new venture. Research limitations/implications Although the pilot has identified several factors in entrepreneurial decision-making, further work will be needed in the research design to be able to expose the cognitive processes associated with each factor. The aim is to identify the common cognitive characteristics associated with thinking through the decision to create a new venture with a much larger sample of entrepreneurs. Originality/value The value of this research lies in exploring and developing a better understanding of the antecedent cognitive processes used by entrepreneurs for identifying unique, innovative new ideas and converting them into exploitable products or services through new venture creation.

Decision Making Process Approach for Choosing the Adequate ICT Tool in Virtual Teams

2013 ◽  
Vol 4 (2) ◽  
pp. 56-71
Author(s):  
Anca Draghici ◽  
Cosmina Carmen Aldea ◽  
George Draghici
Keyword(s):  
Decision Making ◽  
Virtual Teams ◽  
Process Approach ◽  
Virtual Space ◽  
Main Step ◽  
Decision Making Process ◽  
Specific Information ◽  
Collaborative Environment ◽  
Electre Method ◽  
Ict Tools

Actual business process activities are done in virtual space by teams that are building, exploiting an adequate collaborative environment. This is defined mainly by the specific information and communication technology (ICT) enabled by Internet/Extranet/Intranet. The ICT tools functionalities have been developed to better satisfy virtual teams requirements related to knowledge management activities. In this context, this article presents a brief state-of-the-art of virtual teams’ definitions and characteristics that reinforce them with efficiency-effectiveness. Foreword, because of the large variety of ICT tools available to support virtual collaboration, the authors proposed an approach for the decision making process of choosing the adequate software solution based on the particular needs and requirement determined by the collaborative environment specificity. Assisting this, there will be analyzed the specific software tool’s main functionalities that are correlated with the virtual teams requirements. This is the main step for the decision making process approach definition in order to choose the adequate software solution, using ELECTRE method (decision under conditions of certainty).

scholarly journals Contesting effectuation theory: Why it does not explain new venture creation

2020 ◽  
Vol 38 (6) ◽  
pp. 515-535 ◽  
Author(s):  
John Kitching ◽  
Julia Rouse
Keyword(s):  
Decision Making ◽  
Cognitive Science ◽  
Causal Explanation ◽  
New Venture ◽  
New Venture Creation ◽  
Causal Powers ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Cultural Contexts ◽  
Social Structural

We evaluate whether the theory of effectuation provides – or could provide – a powerful causal explanation of the process of new venture creation. We do this by conducting an analysis of the principal concepts introduced by effectuation theory. Effectuation theory has become a highly influential cognitive science-based approach to understanding how nascent entrepreneurs start businesses under conditions of uncertainty. But by reducing the process of venture creation to a decision-making logic, effectuation theory pays insufficient regard to the substantial, pervasive and enduring influence of social-structural and cultural contexts on venture creation. Powerful explanations should conceive of venture creation as a sociohistorical process emergent from the interaction of structural, cultural and agential causal powers and must be able to theorise, fallibly, how nascent entrepreneurs form particular firms in particular times and places. We conclude that effectuation’s contribution to entrepreneurship scholarship is more limited than its advocates claim because it can offer only an under-socialised, ahistorical account of venture creation. Failure to theorise adequately the influence of structural and cultural contexts on venture creation implicitly grants nascent entrepreneurs excessive powers of agency.

scholarly journals THE IMPACT OF INFLUENCERS ON THE DECISION-MAKING PROCESS REGARDING THE PURCHASE OF THE BRAND PRODUCT

2020 ◽  
Vol 18 (2) ◽  
pp. 282-293
Author(s):  
Lubica Gajanova ◽  
Jana Majerova ◽  
Margareta Nadanyiova
Keyword(s):  
Decision Making ◽  
Decision Making Process ◽  
Marketing Communication ◽  
Contingency Analysis ◽  
Flat Rate ◽  
Research Population ◽  
Research Findings ◽  
The Impact ◽  
Practical Implications ◽  
Brand Product

Purpose – the aim of this paper is to study the impact of influencers on the decisionmaking process regarding the purchase of the brand product. Research methodology – the method of collecting data through a questionnaire and the contingency analysis to process the data were chosen for this research. Findings – the research revealed quite a degree of distrust of Slovak consumers in influencer marketing. This may be partly explained by the singularity of Slovaks and partly by the limitations of research. Research limitations – the limitation of research may be the fact that it is not possible to draw clear conclusions solely from the perspective of consumers because their actual view may differ from reality. To remove limitations of this kind it is advisable to repeat the questioning on another sample of respondents. Practical implications – the results are anticipated to enhance and deepen the understanding of previous practice of brand managers. The findings should be beneficial for improving the attractiveness of marketing communication and thus higher competitiveness. Originality/Value – the research population has been surveyed not only on flat-rate basis because the segments vary significantly in their perception of influencers’ impact.

scholarly journals Conflitos de Agência e Assimetria de Informações Contábeis: Entre a Tomada de Decisão e a Gestão Corporativa

2020 ◽  
Vol 5 (2) ◽  
pp. 234
Author(s):  
Kathleen Xavier de Almeida ◽  
Ruan Carlos dos Santos ◽  
Maria do Socorro Silva Mesquita ◽  
Rosimery Alves de Almeida de Lima
Keyword(s):  
Decision Making ◽  
Accounting Information ◽  
Management Decision ◽  
Decision Making Process ◽  
Accounting Systems ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Close Relationship ◽  
Management Decision Making ◽  
Research Findings

Objective - The registration and disclosure of the company's accounting information, attributed to the accounting professional, is of utmost importance for the decision making process for the company-manager. This theoretical essay presents and discusses the main contributions of the theory on management decision making between the company and the accounting process.Methodology - In methodological terms, this study is defined as a theoretical essay, in the sense that it seeks, through the existing literature, an understanding of the issue of Corporate Governance in Non-Governmental Organizations. This study can be classified as a theoretical-conceptual bibliographic research. The study will search the existing literature of the theme, with the purpose of elaborating a theoretical reference on Agency Theory, Accounting and Corporate Governance.Results - As a contribution to the discussion, this work was developed from extensive bibliographic research in Brazilian and international journals and events, contemplating foundations related to the reality of Accounting and organizations. Although few researches address the association of these theories with accounting practice, especially regarding the production of accounting information for external users, the research findings expose the close relationship between the two fields of knowledge. Contributions - Among the main contributions of decision theories to accounting science, knowledge about human behavior that can be used in behavioral accounting, the need for subsidies for accountants to make more rational decisions and, especially, the possibility of improving accounting systems, aiming at better treatment of information for the decision-making process, stand out.

MECHANISM OF ASSESSING AND FORECASTING OF INNOVATIVE ACTIVITY EFFECTIVENESS APPLICABLE IN HIGH-TECH COMPANIES

2021 ◽  
Vol 3 (4) ◽  
pp. 144-149
Author(s):  
A. E. SKLYAROV ◽  
Keyword(s):  
Decision Making ◽  
Continuous Monitoring ◽  
Innovation Management ◽  
Innovative Activity ◽  
High Tech ◽  
Decision Making Process ◽  
Management Process ◽  
Project Approach ◽  
Innovative Project ◽  
The Project Approach

Proposals for the development of the innovation management process of current projects are being formed in the article. These proposals include the organization of continuous monitoring and reassessment of the progress of the project, approach to assessing its innovativeness not as a constant, but as a variable, depending on the time of the analysis. The ways of decision-making process regarding management of innovative activity of the company in the case of positive and negative changes during the implementation of an innovative project are outlined.

Global Consumer Behaviour in Luxury Goods Markets

2016 ◽  
pp. 1-28 ◽  
Author(s):  
Yuping Li
Keyword(s):  
Decision Making ◽  
Consumer Behaviour ◽  
Past Research ◽  
Cultural Dimensions ◽  
Decision Making Process ◽  
Consumer Decision Making ◽  
Luxury Brands ◽  
Luxury Goods ◽  
Factors Affecting ◽  
Research Findings

In this chapter, the author presents an overview on global consumer behaviour in luxury goods markets. The discussion is based on the classic theories of consumer decision-making process and the important factors affecting the decision-making process. As global consumer behaviour in luxury goods markets is greatly affected by cultural differences, Hofstede's cultural dimensions theory is used to explain the various consumption behaviours displayed by consumers from different parts of the world. Past research findings are summarised, examples of consumer behaviours and appropriate marketing strategies implemented by luxury brands are also presented to assist readers for a better understanding of the topic.

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