The effect of decision-making on the growth of small businesses in an uncertain environment

2015 ◽  
Vol 2015 (1) ◽  
pp. 10915 ◽  
Author(s):  
Emiel L Eijdenberg ◽  
Leo J Paas ◽  
Enno Masurel
Keyword(s):  
Decision Making ◽  
Small Businesses ◽  
Uncertain Environment

scholarly journals Decision-Making Framework For Small Business With Limited Available Capital

2021 ◽  
Author(s):  
Milad Around
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Small Businesses ◽  
General Level ◽  
Working Capital ◽  
Financial Assessment ◽  
Current State ◽  
Business Entities ◽  
A Current

In the world of business special attention is paid to entrepreneurs for their potential and large corporations for their impact on the market. Due to this, small businesses often fall short of resources and tools to help them grow. The aim of this dissertation is to introduce a framework for decision making to small businesses as a tool to help embed more structure into their organization. The framework was then applied to two distinct case studies to display its functionality and usefulness. The framework consists of several steps: 1) corporate plan and financial assessment 2) a current state analysis 3) a quantitative and mathematical feasibility study of the decision The framework in each case study resulted in an objective and qualified decision. It also suggests that, due to the unique structure and characteristics of each small business, the framework proposed would only be relevant and applicable on a general level and more work is required to refine the details in order to be able apply it universally to business entities with limited working capital.

Small Business

2015 ◽  
pp. 1-40 ◽  
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Small Businesses ◽  
Resource Limitations ◽  
Management Issues

Small businesses are quite unique in many ways. They make a major contribution to employment specifically and the economy in general. Decision making at all levels is affected by resource limitations. Many of the aspects of failure or success of the small business relate to management issues. When a small business is formed it may grow quickly. If they do not fail the growth may lessen. While this growth may be regarded as a success, longevity and the consequent multi-generation existence may also be a consideration for an interpretation of success. This chapter covers the gamut of small business perspectives.

Exploring the Risks That Affect Community College Decision Makers

2011 ◽  
pp. 339-347
Author(s):  
Margaret W. Wood ◽  
David C. Rine
Keyword(s):  
Community College ◽  
Decision Making ◽  
Community Colleges ◽  
Small Businesses ◽  
Support Network ◽  
Managerial Decision ◽  
Good Decision ◽  
Operational Risks ◽  
Risk Management Methodology ◽  
Effective Decision Making

For leaders, decision making is a charge that cannot be escaped. For those who prefer to avoid this responsibility, the startling truth is that not making a decision is a decision. Executives, including those who lead community colleges, have critical accountability to build a support network with easy access to pertinent information that carries out decisions as intended. Decision making’s impending risks—particularly in this age of “I need it yesterday”—are amplified by the likelihood of misunderstanding and miscommunication. The man-hours of gathering, analyzing, and prioritizing information behind a good decision can be thwarted without a clear-cut strategy for how to make a decision with that information. This chapter provides insights as to why a United States community college organization’s leadership faltered as a result of decision making. For this domain, this long-neglected dynamic of identifying operational risks was explored using a tailored risk management methodology developed by the Software Engineering Institute (SEI). Community colleges, federal agencies, and small businesses have similar concerns about institutionalizing effective decision making; this chapter addresses those complexities specifically within community colleges and provides an understanding of managerial decision making at the executive level.

Adopting the Entrepreneurial Process in the Study of Information Systems and Small Business

2003 ◽  
pp. 1-14
Author(s):  
M. Gordon Hunter ◽  
Wayne A. Long
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Small Business ◽  
Small Businesses ◽  
Strategic Orientation ◽  
Business Managers ◽  
Entrepreneurial Process

This document suggests the adoption of the Theory of Entrepreneurship by researchers who investigate the use of information systems by small businesses. The majority of existing research into this area tends to adopt results determined from investigations of larger businesses. Thus, the uniqueness of small business is not considered. Concepts such as strategic orientation, decision-making, and resource poverty contribute to the unique situation and approach taken by small business managers. The Theory of Entrepreneurship responds to these concepts. The framework suggests that organizations evolve and that entrepreneurs throughout this evolution face various challenges. The components of the Theory of Entrepreneurship are described here, in concert with the challenge to researchers to consider adopting this framework when conducting investigations into how information systems may be employed to support small business.

Goal Programming for Decision Making in Closely Held Businesses

1979 ◽  
Vol 3 (4) ◽  
pp. 31-41 ◽  
Author(s):  
Sang M. Lee ◽  
Robert T. Justis ◽  
Lori Sharp Franz
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Decision Maker ◽  
Goal Programming ◽  
Small Businesses ◽  
Fast Food ◽  
Programming Model ◽  
Multiple Goals ◽  
Business Decision ◽  
Goal Programming Model

There are few analytical and managerial tools available to assist the small business decision maker. This paper presents a practical goal Programming model which can be easily generalized to fit the planning needs of most small businesses. Specifically the model explicitly considers the multiple goals and priorities of the owner-manager and determines if these goals can be accomplished under various demand Projections. An illustrative example of the use of this model with a small fast-food business is given.

The Cable Contract

2013 ◽  
pp. 1-7
Author(s):  
Ravichandran Ramamoorthy
Keyword(s):  
Decision Making ◽  
Ethical Dilemma ◽  
Small Businesses ◽  
Ethical Issues ◽  
Personal Values ◽  
Moral Values ◽  
Decision Making Process ◽  
Government Organization ◽  
Key Stakeholders

The case deals with an ethical dilemma of an entrepreneur. Chandran, a qualified contractor, had secured an electrical contract from a premier government organization. It was a turnkey project to be executed in a given period of time. In the process of work, he comes across major problems. He could not abandon the project or compromise on his moral values. He wanted a way out to salvage this project that was slowly slipping from his control. This case examines the ethical issues that confront small businesses, employees, suppliers and key stakeholders of every organization and explores the mindset of participants, their personal values and their decision making rationale. The participants get an opportunity to identify with the difficult choices a business situation may throw when ethical mindset clashes with the decision making process.

Small Business Commercial Loan Selection Decision: An Empirical Evaluation

1982 ◽  
Vol 6 (4) ◽  
pp. 41-49 ◽  
Author(s):  
Nathaniel Jones
Keyword(s):  
Decision Making ◽  
Small Business ◽  
Small Businesses ◽  
Commercial Banks ◽  
Empirical Evaluation ◽  
Decision Makers ◽  
Selection Decisions ◽  
New Business ◽  
Decision Making Processes ◽  
Selection Decision

For many years, bank decision-makers and academic researchers have recognized the significance of both commercial banks and small businesses to the overall economy of America. However, there appears to be little, if any, statistically valid empirical research dealing with the decision-making processes in commercial banks which commit funds to small businesses. This article deals specifically with the decision-making process of 30 commercial loan decision-makers as they are faced with commercial loan selection decisions concerning Small Business (SBA guaranteed) new business loans.

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