scholarly journals International Business Decision-Making in Family Small and-Medium-Sized Enterprises

2021 ◽  
Vol 11 (2) ◽  
Author(s):  
Jaakko Metsola ◽  
Olli Kuivalainen
Keyword(s):  
Decision Making ◽  
International Business ◽  
Family Firm ◽  
Target Market ◽  
Business Decision ◽  
Factors Affecting ◽  
Market Choice ◽  
Family Smes ◽  
Entry Timing

Family firm internationalization has become a topic of interest over the last few decades. However, there has been surprisingly little research about the actual international business decision-making in the family firm literature. The purpose of this article is to highlight specific family firm factors which affect the international business decision-making. Based on examples on international market entry, target market choice, entry mode choice, and entry timing decisions, it is suggested that long-term and regional orientation, knowledge-base and its transfer, bifurcation-bias, and perseverance of family managers are important factors affecting international business decision-making among family SMEs.

scholarly journals Factors Affecting Long-Term-Care Residents' Decision-Making Processes as They Formulate Advance Directives

2005 ◽  
Vol 45 (5) ◽  
pp. 626-633 ◽  
Author(s):  
H. C. Lambert ◽  
M. A. McColl ◽  
J. Gilbert ◽  
J. Wong ◽  
G. Murray ◽  
...  
Keyword(s):  
Decision Making ◽  
Advance Directives ◽  
Long Term Care ◽  
Term Care ◽  
Factors Affecting ◽  
Decision Making Processes

Economic Factors Affecting Business Decision Making

2016 ◽  
Author(s):  
Visnja Istrat ◽  
Jelena Jovičić ◽  
Saša Arsovski ◽  
Mira Živković-Drezgic ◽  
Darko Badjok
Keyword(s):  
Decision Making ◽  
Economic Factors ◽  
Business Decision ◽  
Factors Affecting

How Patients and Providers Weigh the Risks and Benefits of Long-Term Opioid Therapy for Cancer Pain

2021 ◽  
pp. OP.20.00679
Author(s):  
Karleen F. Giannitrapani ◽  
Soraya Fereydooni ◽  
Maria J. Silveira ◽  
Azin Azarfar ◽  
Peter A. Glassman ◽  
...  
Keyword(s):  
Decision Making ◽  
Pain Management ◽  
Cancer Pain ◽  
Opioid Therapy ◽  
Patient Decision Making ◽  
Factors Affecting ◽  
Risks And Benefits ◽  
Patient Goals ◽  
Patient Decision

PURPOSE: To understand how patients and providers weigh the risks and benefits of long-term opioid therapy (LTOT) for cancer pain. METHODS: Researchers used VA approved audio-recording devices to record interviews. ATLAS t.i., a qualitative analysis software, was used for analysis of transcribed interview data. Participants included 20 Veteran patients and 20 interdisciplinary providers from primary care– and oncology-based practice settings. We conducted semistructured interviews and analyzed transcripts used thematic qualitative methods. Interviews explored factors that affect decision making about appropriateness of LTOT for cancer related pain. We saturated themes for providers and patients separately. RESULTS: Factors affecting patient decision-making included influence from various information sources, persuasion from trusted providers, and sometimes deferral of the decision to their provider. Relative prioritization of pain management as the focal patient concern varied with some patients describing comparatively more fear of chemotherapy than opioid analgesics, comparatively more knowledge of opioids in relation to other drugs;patients expressed a preference to spend the limited time they have with their oncologist discussing cancer treatment rather than opioid use. Factors affecting provider decision making included prognosis, patient goals, patient characteristics, and provider experience and biases. Providers differed in how they weigh the relative importance of alleviating pain or avoiding opioids in the face of treating patients with cancer and histories of substance abuse. CONCLUSION: Divergent perspectives on factors need to be considered when weighing risks and benefits. Policies and interventions should be designed to reduce variation in practice to promote equal access to adequate pain management. Improved shared decision-making initiatives will take advantage of patient decision-making factors and priorities.

scholarly journals Decision-making factors affecting different family members regarding the placement of relatives in long-term care facilities

2014 ◽  
Vol 14 (1) ◽  
Author(s):  
Ying-Chia Huang ◽  
Chiao-Lee Chu ◽  
Ching-Sung Ho ◽  
Shou-Jen Lan ◽  
Chen-Hsi Hsieh ◽  
...  
Keyword(s):  
Decision Making ◽  
Long Term Care ◽  
Family Members ◽  
Term Care ◽  
Factors Affecting ◽  
Care Facilities ◽  
Decision Making Factors

scholarly journals TANGGUNG JAWAB MORAL: URAT NADI BISNIS YANG SEHAT

2017 ◽  
Vol 13 (2) ◽  
pp. 337
Author(s):  
Andre Ata Ujan
Keyword(s):  
Decision Making ◽  
Human Life ◽  
Moral Values ◽  
Business Decision ◽  
The Public ◽  
Doing Business ◽  
Social Entity ◽  
The Ideal

Business is a social entity which inevitably effects the quality of human life. Its success in supporting human life in general and, particularly, the long-term economic prospects it aims to achieve, require the real commitment of its agents to take moral values seriously in doing business. Instead of moral minimalism, a good and healthy business necessitates every businessman/woman to act beyond economic and legal interests to embrace “the genius of AND” as the ideal approach in doing business. Real commitment on seriously taking into account moral considerations in the process of business decision-making would in turn, in the long term, bring greater economic opportunities and, hence, enhance the prospect of business. At the centre of a good and healthy business is its agents’ commitment on taking all stakeholders’ interests to be their own. Doing justice to all stakeholders and to the public at large is, therefore, the life-blood of good and healthy businesses. A moral culture in business requires moral models to flourish and be shared commonly among all business agents. <b>Kata-kata kunci:</b> Tanggung jawab ekonomi; tanggung jawab hukum; tanggung jawab moral; intangible values; stakeholders; model moral.

scholarly journals Essential terms of the contract of carriage of goods

2018 ◽  
Vol 239 ◽  
pp. 03006
Author(s):  
Elvir Akhmetshin ◽  
Kseniya Kovalenko
Keyword(s):  
International Business ◽  
Large Scale ◽  
Practical Importance ◽  
Transport Service ◽  
Factors Affecting ◽  
Goods And Services ◽  
Business Transactions ◽  
Sales Contracts

The specifics of the contract of carriage of goods and its difference from other types of contracts used in the sale of goods and services are considered. Application of the contract of carriage of goods for the regulation of large-scale and long-term relations, and also relations between the branches of the economy and the regions of the country are considered. This is of practical importance and is necessary due to the fact that the specifically dedicated norms are applied to each contract along with the norms common to all sales contracts. At the same time, the legal characteristic of economic contract depends not only on the name assigned to it by the parties but also on those rights and obligations that the parties have determined in the contract. However, the functions performed and the role of each of the types of transport contracts cannot be unambiguous. In the article, the factors affecting the transport service of international business transactions are considered.

An image theory of strategic decision-making in family businesses

2019 ◽  
Vol 9 (4) ◽  
pp. 451-467
Author(s):  
Christopher Penney ◽  
James Vardaman ◽  
Laura Marler ◽  
Victoria Antin-Yates
Keyword(s):  
Decision Making ◽  
Family Firms ◽  
Family Firm ◽  
Family Businesses ◽  
Strategic Decision ◽  
Image Theory ◽  
Strategic Decision Making ◽  
Screening Criteria ◽  
Business Decision ◽  
Content Type

Purpose Research suggests family businesses often pursue risky or aggressive strategies despite the desire to preserve socioemotional wealth (SEW), which is thought to lead to conservativism in family firm strategic decision making. The purpose of this paper is to resolve this apparent contradiction by presenting a model that describes the screening criteria used by family business decision-makers when evaluating strategic opportunities. Design/methodology/approach The conceptual model relies on insights derived from image theory to resolve apparent contradictions inherent in the SEW perspective’s implications for family firms’ risky strategic decisions. Findings The proposed model suggests new strategic opportunities in family firms are evaluated through an unconscious, schema-driven decision process and that the preservation of SEW does not preclude risky strategic directions, but instead serves as an unconscious screening criteria for strategic opportunities. Originality/value This paper contributes to the literature by expanding the understanding of family-firm strategic decision-making to include considerations of the decision’s fit with the family’s principles, goals and strategic plan rather than solely to overall risk to SEW. Thus, the paper presents a detailed model of family-firm strategic decision-making that relies on insights from image theory.

Assessing long-term orientation among founder- and descendant-led firms

2016 ◽  
Vol 6 (1) ◽  
Author(s):  
Viktoria Veider ◽  
Andreas Kallmuenzer
Keyword(s):  
Decision Making ◽  
Design Methodology ◽  
Family Firms ◽  
Family Firm ◽  
Strategic Orientation ◽  
Primary Data ◽  
Business Decisions ◽  
Type Design ◽  
Nuanced Understanding

Purpose The purpose of this paper is to explore how family firms in general, and founder- and descendant-led firms in particular, espouse long-term oriented goals of continuity, perseverance and futurity in their narratives. Design/methodology/approach Primary data from 11 founder-led and 13 descendant-led family firms from Austria was collected in a narrative setting for a better understanding of their long-term orientation. Content analysis via the help of atlas.ti was employed. Findings Findings suggest that family firms anchor decision-making with a constant awareness of their past, incorporate anticipation in decision-making and exhibit patience for investment. However, even though family firms jointly emphasize a long-term orientation, they approach it differently. Founder-led family firms put the founder and its family central to business decisions, emphasize idea development and admit their own mulishness. Descendant-led family firms attempt to maintain the business over generations, believe in the importance to develop new projects and target a sturdy development of the firm. Originality/value Family firms often have been accorded a certain long-term strategic orientation. However, what is missing from prior research is a more nuanced understanding of the LTO construct, as well as the heterogeneity of family firms in this regard. The findings contribute to extant research by showing how LTO is expressed in family firm narratives, providing a better understanding of the LTO construct, an omnipresent characteristic frequently used in family firm literature.

A Framework of Successor Competencies to Promote Corporate Entrepreneurship in Family Firms

2015 ◽  
Vol 23 (03) ◽  
pp. 321-355 ◽  
Author(s):  
Hossein Samei ◽  
Alireza Feyzbakhsh
Keyword(s):  
Family Firms ◽  
Critical Role ◽  
Corporate Entrepreneurship ◽  
Family Firm ◽  
Factors Affecting ◽  
Iranian Family ◽  
The Future ◽  
Successive Generations ◽  
Positive Effect

Corporate entrepreneurship has been shown to have a positive effect on the long-term growth of family firms. Out of a variety of factors affecting the promotion of corporate entrepreneurship in successive generations of a family firm, the successor as the future leader of the firm plays a critical role. Therefore, identification of competencies enabling a successor to develop corporate entrepreneurship in a family firm can be useful. In this research 17 successor competencies have been identified by studying five Iranian family firms which have been successful in transferring entrepreneurship to successive generations. The paper describes and explains the function of each competency to promote corporate entrepreneurship in a family firm.

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