On the Information Resources Used in the Decision Making Processes of Family Businesses in Turkey
Izlem Gözükara, Nurdan Çolakoğlu, Emre Balıkçı
Abstract
This paper analyses the information resources needed by family businesses in Turkey during the decision making
processes. Currently, many economists emphasize that for economic actors to be able to make rational decisions,
they should have complete information and the ability to perfectly assess it. This emphasis indicates that
economic actors are now ready to pay a price to acquire complete information and process it. In addition, the
strategies and the ways through which companies acquire information may vary according to the related
organizational structure at different times and places. The present study describes the information acquisition
strategies deployed by family businesses in Turkey on two different decision making levels and in three different
cities (İstanbul, Gaziantep, Bursa) and reveals how and why these strategies differ from each other.
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