2015
DOI: 10.1016/j.jbusres.2014.11.001
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Decision making in emerging markets: The Delphi approach's contribution to coping with uncertainty and equivocality

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Cited by 56 publications
(40 citation statements)
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“…The Delphi method is generally used to solicit opinions from participants who are considered competent in their field (Ciptomulyono, 2001). The Delphi method was defined as a structured method to guide interactive discussion groups and decision-making processes with the aim of facilitating brainstorming amongst a panel of experts to reach a consensus on a topic (Winkler et al, 2015). This method can be used as a means of exchanging information via brainstorming or through individual interactions in order to obtain an opinion from the group.…”
Section: Equipment Typesmentioning
confidence: 99%
“…The Delphi method is generally used to solicit opinions from participants who are considered competent in their field (Ciptomulyono, 2001). The Delphi method was defined as a structured method to guide interactive discussion groups and decision-making processes with the aim of facilitating brainstorming amongst a panel of experts to reach a consensus on a topic (Winkler et al, 2015). This method can be used as a means of exchanging information via brainstorming or through individual interactions in order to obtain an opinion from the group.…”
Section: Equipment Typesmentioning
confidence: 99%
“…It usually consists of several rounds, to build a consensus on unclear things, through feedback processes (Winkler et al, 2015). Thus, it has been used to derive backup data in emerging industries, which do not have enough data for quantitative forecasting (Bengisu & Nekhili, 2006;Gerdsri, 2003;Meesapawong et al, 2014); or to forecast the future of industries that need experts' opinion to support quantitative forecasting results, such as the tourism industry (Yong et al, 1989), and aerospace industry (English & Kernan, 1976).…”
Section: Accepted Manuscriptmentioning
confidence: 99%
“…The less a problem is analysable (i. e., equivocality is high), the less it can be solved analytically and the more intuitive decision-making becomes effective (Nutt 1976;Scherm et al 2016). This stands in contrast to the majority of approaches linking intuition effectiveness with uncertainty while neglecting equivocality or seeing the latter as a feature of the former (Winkler et al 2015). In fact, a Simonian perspective on decision-making is unable to account for equivocality as an independent construct from uncertainty, because it assumes that there is a deterministic, objective environment to which a decision maker must adapt.…”
Section: Introducing Organization Information Processing Theorymentioning
confidence: 99%