skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Strategic decision-making in SMEs: effectuation, causation, and the absence of strategy

Small business economics, 2020-03, Vol.54 (3), p.775-790 [Peer Reviewed Journal]

Springer Science+Business Media, LLC, part of Springer Nature 2019 ;Springer Science+Business Media, LLC, part of Springer Nature 2019. ;ISSN: 0921-898X ;EISSN: 1573-0913 ;DOI: 10.1007/s11187-019-00152-x

Full text available

Citations Cited by
  • Title:
    Strategic decision-making in SMEs: effectuation, causation, and the absence of strategy
  • Author: Hauser, Adrian ; Eggers, Fabian ; Güldenberg, Stefan
  • Subjects: Approaches ; Business and Management ; Causal reasoning ; Decision making ; Entrepreneurship ; Founding ; Industrial Organization ; Management ; Microeconomics ; Small & medium sized enterprises-SME ; Strategic planning
  • Is Part Of: Small business economics, 2020-03, Vol.54 (3), p.775-790
  • Description: Since the early 2000s, effectuation has gained substantial interest in literature. Whereas Sarasvathy in her seminal 2001 article distinguished effectuation from causal decision-making, still effectuation seems to get confused with ad hoc decision-making or strategy absence. On the basis of a qualitative study with 12 managers from 10 Swiss small-to-medium enterprises (SMEs), this manuscript analyzes their decision-making approaches and distinguishes between causal, effectual, and absence-of-strategy reasoning. Whereas principles for effectuation and causation are well established, this study reveals new categories on which strategy absence can be mapped. The three decision approaches and their interplay are then investigated in four business contexts (founding, takeover, new artifact creation, and existing artifacts). Whereas causal reasoning is found in all four, signs of strategy absence are apparent in three. Effectual logic dominates all four contexts. Further, this manuscript finds that choice of the strategic decision approach does not depend on company size but rather on decision context. Also, firms demonstrate the ability to switch between effectual and causal decision models according to the specific decision context.
  • Publisher: New York: Springer Science + Business Media
  • Language: English
  • Identifier: ISSN: 0921-898X
    EISSN: 1573-0913
    DOI: 10.1007/s11187-019-00152-x
  • Source: AUTh Library subscriptions: ProQuest Central
Back to results list
Go to Previous pagePrevious Result  17 NextGo to Next page
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait