International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

On the Information Resources Used in the Decision Making Processes of Family Businesses in Turkey
Izlem Gözükara, Nurdan Çolakoğlu, Emre Balıkçı

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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