Uncertainty in decision-making: A review of the international business literature

Uncertainty is a key contextual factor that affects the decision-making of multinational corporations on many types of international operation. However, the variety of ways in which uncertainty has been defined and studied in the international business literature, has contributed to a fragmented vie...

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Autor principal:	Sniazhana Sniazhko
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	uncertainty decision-making mnc systematic review Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/694eb6f3f8004c4789108f6b57ccec11
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id	oai:doaj.org-article:694eb6f3f8004c4789108f6b57ccec11
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spelling	oai:doaj.org-article:694eb6f3f8004c4789108f6b57ccec112021-12-02T16:07:36ZUncertainty in decision-making: A review of the international business literature2331-197510.1080/23311975.2019.1650692https://doaj.org/article/694eb6f3f8004c4789108f6b57ccec112019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1650692https://doaj.org/toc/2331-1975Uncertainty is a key contextual factor that affects the decision-making of multinational corporations on many types of international operation. However, the variety of ways in which uncertainty has been defined and studied in the international business literature, has contributed to a fragmented view of MNC behavior and of the role of uncertainty in international decision-making. Adopting a broad view of uncertainty, and by means of a systematic review, this paper examines the treatment of uncertainty in international decision-making in the IB literature and identifies directions for future research. The review organizes studies across 13 dimensions of uncertainty and eight approaches to managing it. The paper further identifies five characteristics of individual decision-makers that have been shown to impact their perceptions of uncertainty and their choice of uncertainty management approach. Based on this systematic review, the paper makes three main critical observations about existing research: inconsistency in the conceptualization and measurement of uncertainty, lack of diversity regarding the dimensions of uncertainty included in single studies, and downplaying the role of individual decision-makers. A research agenda is presented that offers suggestions on how future research might address these limitations.Sniazhana SniazhkoTaylor & Francis Grouparticleuncertaintydecision-makingmncsystematic reviewBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	uncertainty decision-making mnc systematic review Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	uncertainty decision-making mnc systematic review Business HF5001-6182 Management. Industrial management HD28-70 Sniazhana Sniazhko Uncertainty in decision-making: A review of the international business literature
description	Uncertainty is a key contextual factor that affects the decision-making of multinational corporations on many types of international operation. However, the variety of ways in which uncertainty has been defined and studied in the international business literature, has contributed to a fragmented view of MNC behavior and of the role of uncertainty in international decision-making. Adopting a broad view of uncertainty, and by means of a systematic review, this paper examines the treatment of uncertainty in international decision-making in the IB literature and identifies directions for future research. The review organizes studies across 13 dimensions of uncertainty and eight approaches to managing it. The paper further identifies five characteristics of individual decision-makers that have been shown to impact their perceptions of uncertainty and their choice of uncertainty management approach. Based on this systematic review, the paper makes three main critical observations about existing research: inconsistency in the conceptualization and measurement of uncertainty, lack of diversity regarding the dimensions of uncertainty included in single studies, and downplaying the role of individual decision-makers. A research agenda is presented that offers suggestions on how future research might address these limitations.
format	article
author	Sniazhana Sniazhko
author_facet	Sniazhana Sniazhko
author_sort	Sniazhana Sniazhko
title	Uncertainty in decision-making: A review of the international business literature
title_short	Uncertainty in decision-making: A review of the international business literature
title_full	Uncertainty in decision-making: A review of the international business literature
title_fullStr	Uncertainty in decision-making: A review of the international business literature
title_full_unstemmed	Uncertainty in decision-making: A review of the international business literature
title_sort	uncertainty in decision-making: a review of the international business literature
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/694eb6f3f8004c4789108f6b57ccec11
work_keys_str_mv	AT sniazhanasniazhko uncertaintyindecisionmakingareviewoftheinternationalbusinessliterature
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Uncertainty in decision-making: A review of the international business literature

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