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The Impact of Uncertainty Avoidance on Italian Entrepreneurs’ Decision-Making

Clemente, Giuliano (2021) The Impact of Uncertainty Avoidance on Italian Entrepreneurs’ Decision-Making.

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Abstract:This paper investigates the extent to which the cultural parameter of uncertainty avoidance for Italy, from the GLOBE project, is reflected in the way Italian entrepreneurs act. The cultural impact is assessed to see if it affects entrepreneurs’ decision-making into relying either on effectuation or causation. Data confirm that this parameter has indeed the expected impact on entrepreneurs’ actions, given the score of uncertainty avoidance for Italy, namely, slightly higher than average. The discussion part provides practical implications for academics and non-academics, adding personal insights. For political institutions, banks and other financial institutions, actionable insights can be taken from this study. The role of gut feeling (effectual attitude) is highlighted. This means that if these institutions were to make access to credit both bureaucratically and financially easier, they could then benefit from the birth of many new ventures which could otherwise never come to existence. The boost of entrepreneurship is to be welcomed as a means of supporting communities, cities, regions and nations. Credit should be made especially easier to access (watching for discriminatory regulations) for youngsters, as these might be the ones more willing to yield to their internal feeling that things might indeed work out for good.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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