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Strategic orientations and strategies of high technology ventures in two transition economies

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  • Lau, Chung Ming
  • Bruton, Garry D.

Abstract

This research examines the relationships among strategic orientation, strategy, and firm performance of high technology ventures in two transition economies - China and Russia. While highlighting the impact of the economy's institutional support of entrepreneurship, we also examine the moderating effects of social networks in the performance of these ventures. This research finds that there is a strong link between strategic orientations and resulting strategies in both transition economies; specifically, the capability building strategies relate to sales and efficiency performance. The entrepreneurial firms' social network also directly influences sales performance, but does not play significant role in moderating performance. Finally, institutional support has an effect on both strategic orientations and firm strategy.

Suggested Citation

  • Lau, Chung Ming & Bruton, Garry D., 2011. "Strategic orientations and strategies of high technology ventures in two transition economies," Journal of World Business, Elsevier, vol. 46(3), pages 371-380, July.
  • Handle: RePEc:eee:worbus:v:46:y:2011:i:3:p:371-380
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    2. Paul Hong & Stephen K. Callaway & Soon W. Hong, 2016. "Open network innovation in the age of complexity: case for small and medium enterprises," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 10(1), pages 65-86.
    3. Boso, Nathaniel & Story, Vicky M. & Cadogan, John W., 2013. "Entrepreneurial orientation, market orientation, network ties, and performance: Study of entrepreneurial firms in a developing economy," Journal of Business Venturing, Elsevier, vol. 28(6), pages 708-727.
    4. M. Presutti & V. Odorici, 2019. "Linking entrepreneurial and market orientation to the SME’s performance growth: the moderating role of entrepreneurial experience and networks," International Entrepreneurship and Management Journal, Springer, vol. 15(3), pages 697-720, September.
    5. Habibu Sani & Shazida Jan Bt. Mohd-Khan & Mohd Saifoul Zamzuri B. Noor, 2019. "Do Social Capital and Small and Medium Enterprise Factors Influence the Performance of Small Businesses? Empirical Evidence from Emerging Economy," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 78-87, December.
    6. Boso, Nathaniel & Adeleye, Ifedapo & Donbesuur, Francis & Gyensare, Michael, 2019. "Do entrepreneurs always benefit from business failure experience?," Journal of Business Research, Elsevier, vol. 98(C), pages 370-379.
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    9. Deutscher, Franziska & Zapkau, Florian B. & Schwens, Christian & Baum, Matthias & Kabst, Ruediger, 2016. "Strategic orientations and performance: A configurational perspective," Journal of Business Research, Elsevier, vol. 69(2), pages 849-861.
    10. Fatma Sonmez Cakir & Zafer Adiguzel, 2020. "Analysis of Leader Effectiveness in Organization and Knowledge Sharing Behavior on Employees and Organization," SAGE Open, , vol. 10(1), pages 21582440209, March.
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