Cultural differences affecting decision-making style: a comparative study between four countries

Dabić, M. ORCID: 0000-0001-8374-9719, Tipurić, D. and Podrug, N., 2015. Cultural differences affecting decision-making style: a comparative study between four countries. Journal of Business Economics and Management, 16 (2), pp. 275-289. ISSN 1611-1699

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Abstract

The aim of this paper was to identify the impact of national culture on decision-making styles in selected countries: Croatia, Slovenia, Bosnia and Herzegovina and Hungary. The estimation of Hofstede’s dimensions of national cultures and comparative analyses was carried out by using a narrow-sample strategy. The estimated positions on each dimension confirmed the Hofstede’s original research ranking. The result with significant value was the confirmation of the global trend of decreasing power distance and significant movement towards the individualism. Besides the standardization procedure of comparative cross-cultural analyses, variance analyses were used to identify cultural differences in decision-making styles related to complex decisions (Janis and Mann’s typology). The proposition is that complex decisions are, above and beyond all others, the consequence of social and cultural values installed in every individual. Statistically significant dependency was identified for hyper-vigilant and vigilant decision-making style and national culture’s dimensions. A beneficial goal was to identify the differences and the similarities in value orientation and those in the decision-making style which should not be mistreated as they may influence future business cooperation and political and economic integrations within the CEE context.

Item Type: Journal article
Alternative Title: Cultural differences affecting decision-making style: a comparative study between 4 countries
Publication Title: Journal of Business Economics and Management
Creators: Dabić, M., Tipurić, D. and Podrug, N.
Publisher: Taylor & Francis
Date: 2015
Volume: 16
Number: 2
ISSN: 1611-1699
Identifiers:
NumberType
10.3846/16111699.2013.859172DOI
Divisions: Schools > Nottingham Business School
Depositing User: Jonathan Gallacher
Date Added: 23 Nov 2015 10:43
Last Modified: 09 Jun 2017 13:57
URI: http://irep.ntu.ac.uk/id/eprint/26450

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