Bridging Theories and Practices: An Evaluation Framework of Small and Medium Sized Enterprises' (SMEs) Decision-making in China

Abstract

Although the growth of SMEs is in vogue in the economical literature, the decision making inside the small business is a comparatively less studied theme. By synthesizing leading decision theories and taking into account of SMEs' characteristics in China's context, this paper develops an evaluation framework of decision-making in SMEs with four main components: environment, organization, decision-maker and process.