Shepherd, Neil G and Rudd, John and Greenley, Gordon (2010) Strategic decision making in small businesses : implications for strategic flexibility and strategic adaptation. In: UNSPECIFIED.
Full text not available from this repository.Abstract
Strategic decision making (SDM) in a small business is an informal, highly personalised cognitive process which is emergent in nature. SDM determines the extent to which decision makers generate innovative decision-making options, and is therefore critical in order for small businesses to achieve strategic flexibility to enable strategic adaptation to turbulent environments. By examining SDM in small businesses, this research has the potential to address a major criticism of the extant literature in that it has been pre-occupied with measuring the formality of strategic planning and has neglected the informal, highly personalised and cognitive nature of strategic decision making in a small businesses.