Gollisch, Simon Hedderich, Barbara Theuvsen, Ludwig
Year of Publication:
Diskussionspapiere, Department für Agrarökonomie und Rurale Entwicklung 1609
Due to the increased uncertainty within the whole agribusiness industry, managerial decision-making has become a critical success factor during the last decades. Since agricultural trade firms are faced with multiple existence-threatening risks today, the present paper analyzes decision-making processes under dramatically tightened external conditions, using the exam-ple of Germany's agricultural trade industry. By employing a qualitative research design, the empirical study examines two questions: Which determinants do impact the farm dealers' risky decision-making, and how are these factors interacting? For clarifying these issues, guideline-based in-depth interviews with industry experts are conducted on the basis of a thorough literature review. The results, gained from a qualitative content analysis, help us to better understand how decisions in farm dealing firms are made and which forces are driving them. As especially a decision maker's reference point plays a prominent role, the present study examines its configuration under different situational and dispositive conditions. The resulting implications provide a useful basis for further research and to a lesser extent some insights for decision makers themselves.
agricultural trade reference points risky decision-making qualitative case study design