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Toward a Model of Understanding Strategic Decision-Making in Micro-Firms: Exploring the Australian Information Technology Sector

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  • Leonardo Liberman-yaconi
  • Terrena Hooper
  • Kate Hutchings

Abstract

This study explores strategic decision-making (SDM) in micro-firms, an economically significant business subsector. As extant large- and small-firm literature currently proffers an incomplete characterization of SDM in very small enterprises, a multiple-case methodology was used to investigate how these firms make strategic decisions. Eleven Australian Information Technology service micro-firms participated in the study. Using an information-processing lens, the study uncovered patterns of SDM in micro-firms and derived a theoretical micro-firm SDM model. This research also identifies several implications for micro-firm management and directions for future research, contributing to the understanding of micro-firm SDM in both theory and practice.

Suggested Citation

  • Leonardo Liberman-yaconi & Terrena Hooper & Kate Hutchings, 2010. "Toward a Model of Understanding Strategic Decision-Making in Micro-Firms: Exploring the Australian Information Technology Sector," Journal of Small Business Management, Taylor & Francis Journals, vol. 48(1), pages 70-95, January.
    • Handle: RePEc:taf:ujbmxx:v:48:y:2010:i:1:p:70-95
    DOI: 10.1111/j.1540-627X.2009.00287.x
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