Social Capital and Strategy Effectiveness: An Empirical Study of Entrepreneurial Ventures in a Transition Economy
Автор: I. Manev
Год издания:
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.
Reflections upon the conduct of human life
Автор: John Norris
Год издания:
Полный вариант заголовка: «Reflections upon the conduct of human life : with reference to the study of learning and knowledge : in a letter to the Excellent Lady, the Lady Masbam / by John Norris ; to which is annexed, a Visitation sermon, by the same author».
The sports and pastimes of the people of England
Автор: Joseph Strutt
Год издания:
Полный вариант заголовка: «The sports and pastimes of the people of England : including the rural and domestic recreations, May games, mummeries, shows, processions, pageants, and pompous spectacles, from the earliest period to the present time : illustrated by 140 engravings, in which are represented most of the popular diversions : selected from ancient paintings / by Joseph Strutt ; a new edition, with a copious index, by William Hone».