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Decision Theory and the Small Businessman

Author

Listed:
  • George H. Rice Jr.
  • Richard E. Hamilton

Abstract

This is a field study of decision making by small businessmen. Thirty-five owner-managers were studied, and it was found that they employed a multidimensional, stochastic, non-quantitative decision process, normally involving several factors for each decision.

Suggested Citation

  • George H. Rice Jr. & Richard E. Hamilton, 1979. "Decision Theory and the Small Businessman," Entrepreneurship Theory and Practice, , vol. 4(1), pages 1-9, July.
    • Handle: RePEc:sae:entthe:v:4:y:1979:i:1:p:1-9
    DOI: 10.1177/104225877900400101
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    References listed on IDEAS

    as
    1. Ryan, William G., 1977. "Management practice and research -- Poles apart," Business Horizons, Elsevier, vol. 20(3), pages 23-29, June.
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    Cited by:

    1. Jeffrey C. Shuman & John A. Seeger, 1986. "The Theory and Practice of Strategic Management in Smaller Rapid Growth Firms," Entrepreneurship Theory and Practice, , vol. 11(1), pages 7-18, July.
    2. Peters, Michael P. & Brush, Candida G., 1996. "Market information scanning activities and growth in new ventures: A comparison of service and manufacturing businesses," Journal of Business Research, Elsevier, vol. 36(1), pages 81-89, May.
    3. Chowdhury, Shamsud D. & Lang, James R., 1996. "Turnaround in small firms: An assessment of efficiency strategies," Journal of Business Research, Elsevier, vol. 36(2), pages 169-178, June.
    4. Bergeron, François & Raymond, Louis & Rivard, Suzanne, 2001. "Fit in strategic information technology management research: an empirical comparison of perspectives," Omega, Elsevier, vol. 29(2), pages 125-142, April.
    5. Marleen McCormick & Stephanie A. Fernhaber, 2018. "Are growth expectations being met? Implications for the internationalization of micro-sized ventures," Small Business Economics, Springer, vol. 50(3), pages 591-605, March.
    6. Thong, James Y. L., 2001. "Resource constraints and information systems implementation in Singaporean small businesses," Omega, Elsevier, vol. 29(2), pages 143-156, April.
    7. Carmela Rizza & Antonio Leotta & Daniela Ruggeri, 2017. "Accounting Information Systems as Sensemaking Tools in DecisionMaking Processes of Small Firms," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(4), pages 248-262, October.
    8. Shaker A. Zahra & Donald O. Neubaum & Galal M. El–Hagrassey, 2002. "Competitive Analysis and New Venture Performance: Understanding the Impact of Strategic Uncertainty and Venture Origin," Entrepreneurship Theory and Practice, , vol. 27(1), pages 1-28, January.

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