Entrepreneurial Strategies During Institutional Transitions
Author: Mike W. Peng
Publisher:
Published: 2009
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThe rapid social, economic, and politicalchanges in Central and Eastern Europe, the former Soviet Union, and East Asia(e.g. Vietnam, China) have earned these nationsthe title of"transition economies." The evolution of entrepreneurial endeavorswithin these nations, both pre and post institutional change, is evaluated,with a particularfocus on the entrepreneurial strategies utilized in thecurrent transition economies. Three primary entrepreneurial strategies are examined: (1) prospecting, (2)networking, and (3) boundary blurring.Although these strategies arecommonly employed by entrepreneurs, they become more significant in transitioneconomies.Each strategy is described in terms of significance withinvarious transition economies, with both the implications and limitations ofeach strategy addressed. The future implications for entrepreneurs within transitional economies areaddressed, including such issues as taking collective action, buildingcorporate alliances, and establishing dynamic core competencies.Theimpact of the aforementioned strategies upon the success of entrepreneurialendeavors within transition economies is significant.Caution againstgeneralizing these results to all transition economies, because of specificdifferences between various transition economies, is suggested. (AKP).