INTERNATIONAL RISK ASSESSMENT AND DECISION MAKING IN DUTCH SMALL AND MEDIUM SIZED ENTERPRISES
DOI:
https://doi.org/10.12775/JPM.2012.001Keywords
judgment and decision making, international business, international risk assessment, small and medium sized enterprises, HollandAbstract
In this article we will discuss the process of judgment and decision-making (JDM) the management of a company goes through when they are confronted with the opportunity to operate internationally. In particular we will focus on the way country risks are incorporated in the assessment that companies make concerning the feasibility of these international opportunities. Although the literature appears to offer a systematic approach based on research, the actual JDM follows a different route, one of intuition. This will be demonstrated by research in five sectors in the Netherlands. The gap between theory and its application offers a model for an improved way of doing things by clarifying why business is only partially using the outcome of research.
References
Ahlstrom, D., Bruton, G.D. (2010), International Management. Strategy and Culture in the Emerging World, Thomson, London.
Baird, I.S., Thomas, H. (1985), “Toward a Contingency Model of Strategic Risk Taking”, Academy of Management Review, Vol. 10, No. 2, pp. 230–43.
Bouchet, M.H., Clark, E., Groslambert, B. (2003), Country Risk Assessment. A Guide to Global Investment Strategy, John Wiley & Sons. Inc., Hoboken, NY.
Dyck, B., Neubert, M.J. (2009), Principles of Management, Thomson, London.
Goodman, P., Wright, G. (2009), Decision Analysis for Management Judgment, John Wiley & Sons Ltd, Chichester.
Groenland, E.A.G. (2003), Research methodology, Business University Nyenrode, Breukelen.
Hardman, D. (2009), Judgment and Decision Making, BPS Blackwell, Chichester.
Malhotra, N.K., Birks, D.F. (2007), Marketing Research: An Applied Approach, Pearson Education Limited, Edinburgh.
Olsson, C. (2002), Risk Management in Emerging Markets, Financial Times and Prentice Hall, London.
Ricardo, D. (1817), The Principles of Political Economy and Taxation, John Murray,
London. Robson, C. (2002), Real World Research, Blackwell, Oxford.
Salvatore, D. (2011), International Economics. Trade and Finance, John Wiley, New York.
Smith, A., (1937), The Wealth of Nations, The Modern Library, New York.
White, C., Fan, M. (2006), Risk and Foreign Direct Investment, Palgrave MacMillan, New York.
Downloads
Published
How to Cite
Issue
Section
License
Copyright
Articles submitted to the journal should not have been published before in their current or substantially similar form, or be under consideration for publication with another journal. Authors submitting articles for publication warrant that the work is not an infringement of any existing copyright and will indemnify the publisher against any breach of such warranty. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of the publisher unless otherwise agreed.
Plagiarism and ghostwriting
In response to the issue of plagiarism and ghostwriting the editors of the Journal of Positive Management has introduced the following rules to counteract these phenomena:
1. Contributors should be aware of their responsibility for a content of manuscripts.
2. Collective authors are obliged to reveal the contribution and an affiliation of each author (i.e. who is an author of specified part of a paper).
3. Any act of dishonesty will be denounced, the editors will inform appropriate institutions about the situation and give evidence of all cases of misconduct and unethical behaviour.
4. The editors may ask contributors for financial disclosure (i.e. contribution of specified institutions).
Stats
Number of views and downloads: 632
Number of citations: 0
