With their limited resources family-controlled small farm-enterprises are especially vulnerable to the catastrophic consequences of crisis events. Crises may emerge in their private as well as their entrepreneurial sphere. Although crises may be of different origin, like political, environmental, social, legal, psychological or economical origin, they usually incite the psychological processes of an enterprise’s stakeholders. Consequently various biases may influence decision making and crises therefore cannot be analysed and evaluated by economic analyses alone. An entrepreneur’s decision making might be improved, however, if perceptions of the enterprise’s situation held by the family, and other stakeholders, were to be taken into consideration at an early stage of a crisis process. A proposal of a process model and a management tool will be presented that are based on quantitative and qualitative data, to evaluate the perceptions of the different stakeholders of an enterprise of how to prevent the emergence of a crisis.
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With their limited resources family-controlled small farm-enterprises are especially vulnerable to the catastrophic consequences of crisis events. Crises may emerge in their private as well as their entrepreneurial sphere. Although crises may be of different origin, like political, environmental, social, legal, psychological or economical origin, they usually incite the psychological processes of an enterprise’s stakeholders. Consequently various biases may influence decision making and crises t...
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