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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.

The story involves a mine that uncovers a very deep chasm, too deep for any sounding lines to hit bottom. The night after the discovery of the abyss the narrator and one of the mine's workers, Juan Romero, venture inside the mine, drawn against their will by a mysterious rhythmical throbbing in the ground.

В основе учебного пособия лежит идея взаимосвязанного и одновременного развития профессиональных и коммуникативных языковых компетенций, необходимых в профессиональном общении будущих специалистов в области высокоэнергетических материалов. Цель пособия – подвести студентов к чтению оригинальной литературы по специальности и ведению беседы на темы, предусмотренные программой языковой подготовки третьего поколения.

Right now, all over the world, people are using energy. As we drive our cars, work on our computers, or even cook food on a wood fire, we probably do not stop to think about where the energy comes from. But when the gas is gone and there is no more coal – what then? Scientists are finding new answers all the time. Get ready for the children whose running feet make the energy to bring water to their village; for the power station that uses warm and cold water to make energy; for the car that saves energy by growing like a plant…