Perceived Strategic Uncertainty and Strategy Formation in Emerging Markets

We investigate the relationships between perceived strategic uncertainty and strategy formation mode using a sample of 286 small and medium sized enterprises in the emerging markets of the Philippines, Vietnam, and China. Our results highlight the importance of the relationships between strategy development and entrepreneurial perceptions of the dynamism and complexity of environments in emerging markets and underscore the difficulties SMEs in emerging markets face when considering planned versus emergent strategy decisions

Strategic Entrepreneurship: Imitation Versus Substitution

While entrepreneurship is linked with innovation, entrepreneurial firms often imitate competitors rather than offering new substitute products or services. This research examines the conditions under which entrepreneurs utilize an imitation versus a substitution strategy by integrating entrepreneurial orientation with resource-based view of the firm in considering entrepreneurs' resource accumulation decisions. We apply this integration to the managerial decision of whether to imitate competitors or create substitute products or services

PROCESS MECHANISMS OF INSTITUTIONAL ENTREPRENEURSHIP

Field and historical data from China delineate two specific process mechanisms that facilitate institutional change: diminished utility of regulatory controls and negotiated boundaries of institutional space. These mechanisms tend to have entrepreneurial origins and, together, create new institutions when in the context of other factors that may be present in emerging economy institutional transition. These mechanisms link praxis, or experiential participation, with institutional change, thus enhancing our understanding of the drivers of entrepreneur-initiated institutional transition. Specifically, the effectiveness of regulatory controls decreases in the presence of collective entrepreneurial action and mobilization. In addition, negotiated boundaries of institutional space increase in the presence of reflective shifts in consciousness and increased activity of potential institutional entrepreneurship.Institutions, entrepreneurship, praxis