DOAJ Open Access 2023

Tacit Knowledge and Decision Making Practices in the Context of Family Businesses.

Nain Tara Zubair Ahmad

Abstrak

Decision-making practices in family business are crucial and usually involve several stakeholders. To determine the decision-making mechanism in the family business, qualitative research approach was carried out. 30 semi-structured interviews were conducted involving family owners and non-family managers. Thematic analysis was used to analyze data. Three themes such as Business sense, consultation with elders, and ceremonial approval of the board were generated. Study reveals that decision-making is informal and based on tacit knowledge. Study emphasizes the codification of tacit knowledge, the codification will make decision-making more formal and institutionalized.

Topik & Kata Kunci

Information theory Management information systems Information technology

Penulis (2)

Nain Tara

Zubair Ahmad

Format Sitasi

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Tara, N., Ahmad, Z. (2023). Tacit Knowledge and Decision Making Practices in the Context of Family Businesses.. https://doi.org/10.52461/jimp.v2i2.1426

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Informasi Jurnal

Tahun Terbit: 2023
Sumber Database: DOAJ
DOI: 10.52461/jimp.v2i2.1426
Akses: Open Access ✓