Strategic orientations and strategies of high technology ventures in two transition economies

This research examines the relationships among strategic orientation, strategy, and firm performance of high technology ventures in two transition economies - China and Russia. While highlighting the impact of the economy's institutional support of entrepreneurship, we also examine the moderating effects of social networks in the performance of these ventures. This research finds that there is a strong link between strategic orientations and resulting strategies in both transition economies; specifically, the capability building strategies relate to sales and efficiency performance. The entrepreneurial firms' social network also directly influences sales performance, but does not play significant role in moderating performance. Finally, institutional support has an effect on both strategic orientations and firm strategy. (C) 2010 Elsevier Inc. All rights reserved.