Strategic decision making and innovative performance of micro and small enterprises

Abstract

The aim of the study is to examine the relationship between strategic decision speed and innovative performance of micro and small enterprises. Attention is focused not only on the direct effect of these two variables, but also its mediation by sharing information and at the same time moderating this effect on the one hand by the polychronicity of managers in strategic decision-making, goal congruence and trust in companies. The sample consisted of 244 respondents. Processing using PLS-SEM method in SmartPLS 3.0 software. The direct relationship between strategic decision speed and innovative performance of micro and small enterprises has not proved significant. Information sharing plays an important role in this relationship. The overall positive effect is also amplified by the effective goal congruence and organizational trust in the role of moderators. The importance of polychronicity on the intensity of the investigated relationship was not confirmed.