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Although new ventures’ competitive positioning and their founders’ social networks are both recognized as important in the context of transition economies, not much is known about their multiplicative effect on performance. We build on the strategic management literature and social network theory to develop theoretical predictions about the role of competitive strategies and social capital for entrepreneurial performance. These are tested with survey data from Bulgaria. We find that both the venture’s competitive strategic positioning and the founder’s networking positively influence performance. The hypothesized moderating effect of networking for the relationship between differentiation strategy and performance received only tentative support. Contrary to expectations, we find a negative moderating effect of networking for the relationship of cost leadership with performance. These results suggest that the entrepreneur’s network plays a role in shaping how strategies influence performance by possibly upholding differentiation and deemphasizing cost leadership strategy. Implications for managerial practice and public policy are discussed.

Полный вариант заголовка: «Principles of political economy : With sketch of the rise and progress of the science / By J. R. M'Culloch».

Полный вариант заголовка: «Principles of political economy : Considered with a view to their practical application / By T. R. Malthus».

Полный вариант заголовка: «An essay on the first principles of government and on the nature of political, civil, and religious liberty : including remarks on Dr. Brown's Code of education and on Dr. Balguy's Sermon on Church Authority / by Joseph Priestley».

Полный вариант заголовка: «Sketches of the natural, civil, and political state of Swisserland : in a series of letters to William Melmoth, Esq. / from William Coxe».