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Decision-Making in Early Internationalization: A Structured Expert Judgement Approach

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cris.lastimport.scopus2024-02-12T20:21:42Z
dc.abstract.enThe aim of this chapter is to show how a structured approach to elicit expert judgement (SEJ) can guide the practice of early internationalization. We applied SEJ to forecast some critical issues upon which an innovative start-up wished to base their decision of whether to expand their initial operations in Poland and Czech Republic to Brazil. Sixteen participants of an Executive MBA program acted as experts and underwent the procedure for eliciting their judgements. The performance of experts was quantified in terms of statistical accuracy and informativeness, which were combined to provide a performance-based weight for each expert according to Classical Model. The combination of weighted expert judgements led to improved statistical accuracy and informativeness of the forecast. The procedure demonstrates how entrepreneurs can take advantage of expert knowledge in deciding about risky endeavours when lacking their own experiences and reliable data that can guide their choices.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorKuźmińska, Anna
dc.contributor.authorNane, Gabriela F.
dc.contributor.authorKról, Grzegorz
dc.contributor.authorKowalczyk, Katarzyna
dc.contributor.authorZdziarski, Michał
dc.date.accessioned2024-01-28T20:13:56Z
dc.date.available2024-01-28T20:13:56Z
dc.date.issued2021
dc.description.financeNie dotyczy
dc.identifier.doi10.1007/978-3-030-46474-5_23
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/151951
dc.identifier.weblinkhttp://link.springer.com/content/pdf/10.1007/978-3-030-46474-5_23
dc.languageeng
dc.pbn.affiliationmanagement and quality studies
dc.publisher.ministerialSpringer
dc.relation.bookExpert Judgement in Risk and Decision Analysis
dc.relation.pages503-520
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.subject.enStructured expert judgement
dc.subject.enInternationalization
dc.subject.enLocation choice
dc.subject.enForecasting
dc.subject.enInternational new venture
dc.titleDecision-Making in Early Internationalization: A Structured Expert Judgement Approach
dc.typeMonographChapter
dspace.entity.typePublication