Strategic Thinking: Intelligent Opportunism and Emergent Strategy – The Case of Strategic Engineering Services

Pattinson, Steven

doi:10.4135/9781473995529

Cited by 9 publications

(9 citation statements)

References 3 publications

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“…Entrepreneurship research has focused on attempts to understand how individual entrepreneurs make decisions under conditions of uncertainty (Alvarez & Barney, 2005). Effectual decision-making is considered to be an essential part of the entrepreneurial process of undertaking a new venture (Zivdar, Imanipour, Talebi, & Hosseini, 2017), such as an acquisition, and helps us to understand how entrepreneurs identify, evaluate and pursue new opportunities (Pattinson, 2016). The traditional view of decision-making in organisations adopts a rational view where the goal is set from the beginning and the means are gathered in order to fulfil the goal (Eisenhardt & Zbaracki, 1992).…”

Section: Understanding Effectual Decision-makingmentioning

confidence: 99%

Understanding effectual decision-making in a science-based business: The case of Hart Biologicals

Pattinson

2018

The International Journal of Entrepreneurship and Innovation

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This case focuses on the effectual decision-making processes of an individual entrepreneur. It examines a proposed acquisition by Hart Biologicals, a small biotechnology company based in the Northeast England. Alby Pattison, the Managing Director, is currently considering an acquisition with a ‘symbiotic’ business. The firm is working in the same area as Hart Biologicals (haematology) but is not a competitor. Alby considers that the acquisition would help the company grow more rapidly and add to its current portfolio of products. The case considers how effectual decision-making is employed by the entrepreneur to identify, evaluate and pursue new opportunities. This concept is explored in the context of the current dilemma of Hart Biologicals proposed acquisition. Finally, the case also considers the impact of the acquisition on the performance and behaviour of a family firm.

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Section: Understanding Effectual Decision-makingmentioning

confidence: 99%

Understanding effectual decision-making in a science-based business: The case of Hart Biologicals

Pattinson

2018

The International Journal of Entrepreneurship and Innovation

Self Cite

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“…Nearly 53 percent of businesses in India were affected due to the lockdowns (The Indian Express, 2020) and these businesses are those having almost no savings or no cash flow for them so the support from the government becomes vital for their survival (Biggs et al, 2012). This type of crisis directly impacts the owners access to finance, their business strategies (Sonfield and Lussier, 2000), their approach to prospect identification (Pattinson, 2016), or their decision-making abilities (Laskovaia et al, 2019). They should always be ready to cope up with these uncertain markets and challenging operating conditions (Morris et al, 2008).…”

Section: Literature Reviewmentioning

confidence: 99%

Effects of Demonetization, GST & Covid-19 Pandemic in the Adoption of Digitalization by Rural MSMEs in India

Ahmed¹,

Sur²

2021

NMMR

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Purpose: The turbulent times created by the recent uncertain events give only two solutions – either surrender or fight-out. It has been the story so far for the MSMEs in India. Three events that changed the business scenario include the implementation of demonetization & GST and the pandemic-related restrictions. Survival became the only viable factor for businesses. This study dwells deeper into these three events and their influence on the adoption of digitalization by MSMEs in rural India. Methodology: Responses of the rural MSME owners were collected through a structured questionnaire containing multiple-choice questions on a 5-point Likert scale. To have better clarity, responses of 274 rural MSME owners were finally considered for the data analysis. For factor analysis of the data, the process of Principal Component Analysis (PCA) was adopted with the help of IBM SPSS 25.0. To find out the validity of the model, Structural Equation Modelling (SEM) was performed by using IBM AMOS 21.0. Findings: It is found that the pandemic effect has the strongest significance followed by the demonetization effect on MSME owners towards the adoption of digitalization for their business. GST was implemented within a year of demonetization, so its effect is found to be non-significant. Practical Implications: The results of the study will help the government as well as IT solution providers to chalk out their strategies, products, or reforms taking into consideration the particular problems faced by MSMEs related to demonetization and pandemic closure. The outcome will also help in better implementation of the ‘Vocal for Local’ initiative. Originality: The results of the proposed study indicate that during all the three major events, the importance of digitalization has been witnessed by the MSMEs. These uncertain times have prioritized the use of digitalization not only for their survival but also to match the consumers’ demands during those periods. This study shows the importance of digitalization and will help the cup to reach the lip and both the economy and the MSME owners will be benefitted from it.

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“…Conversely, entrepreneurs play a crucial role in helping economies overcome crisis through the generation of innovations that support, inter alia , new ways of working (Devece, Peris-Ortiz & Rueda-Armengot, 2016). Crisis has a direct impact across diverse areas of entrepreneurship such as access to finance (Mac an Bhaird, Owen & Freel, 2019), decision-making logic (Laskovaia, Marino, Shirokova & Wales, 2019), entrepreneurial strategies (Sonfield & Lussier, 2000), and entrepreneurial approaches to opportunity recognition (Pattinson, 2016) and innovation (Peris-Ortiz, Fuster-Estruch & Devece-Carañana, 2014). Some entrepreneurs will face the difficult decision to close their ventures and have to deal with the stigma of business failure (Walsh, 2017).…”

Section: Overview and Purpose Of The Special Issuementioning

confidence: 99%

The role of entrepreneurship and innovation during and after the Coronavirus (COVID-19) crisis

2020

The International Journal of Entrepreneurship and Innovation

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Strategic Thinking: Intelligent Opportunism and Emergent Strategy – The Case of Strategic Engineering Services

Abstract: The Case Study section of the International Journal of Entrepreneurship and

Cited by 9 publications

References 3 publications

Understanding effectual decision-making in a science-based business: The case of Hart Biologicals

Understanding effectual decision-making in a science-based business: The case of Hart Biologicals

Effects of Demonetization, GST & Covid-19 Pandemic in the Adoption of Digitalization by Rural MSMEs in India

The role of entrepreneurship and innovation during and after the Coronavirus (COVID-19) crisis

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