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The purpose of this paper is to study the development of the biotechnology industry at the industry and firm level when the financing environment becomes hostile and assess the reasons for this development.

An organizational evolution perspective to analyze the case of the German biotech sector was applied and its response to the hostile financing environment in the years 2002‐2004, which followed the burst of the high‐tech bubble at the stock markets. Population ecology and data from biotech reports to investigate the pattern of external adaptation processes at the industry level were used. The evolutionary economics perspective, multiple case studies of bioventures, and biotech reports to study internal adaptation processes at the firm level was employed.

The assumption of both external and internal adaptation processes was found in parallel is necessary to explain the evolution of the biotech industry in a hostile financing environment. Although external adaptation takes place to some extent through insolvencies and a reduced rate of new firm foundations, many bioventures adapt internally by downsizing, changing their business models, and entering into strategic alliances and M&As. This results in surprisingly weak consolidation at the industry level.

This paper provides an explanation why the consolidation of the German biotech industry in 2002‐2004 was much weaker than expected by experts. Moreover, the paper shows that application of population ecology and evolutionary economics in parallel well describes industry evolution and organizational change. Finally, the paper demonstrates how bioventures can adapt their financing strategies to hostile environments.

Defines a racially hostile environment before going on to analyse factors that perpetuate such an environment. Studies four major groups, African Americans, Asian American, Latin American and North Americans before considering the psychological effects which such environments can have in employees. Outlines the characteristics of an at‐risk individual and looks at management responsibilities. Concludes with the legal ramifications.

The purpose of this paper is to describe a qualitative study of small retailers, designed to uncover perceptions of resources which may be utilized to create competitive advantages and improve performance. The resource‐based view (RBV) of the firm has focused on large firms, and this study extends RBV to the small firm.

Using focus groups of small retailers within four communities in the USA, open‐ended questioning and discussions were utilized to help elicit responses about owner's resources.

The concepts of community brand identity, local social capital and environmental hostility (though not part of the original discussion guide), emerged as important constructs. Both community brand identity and social capital were articulated by focus group participants as resources which helped them to be successful. Brand identity was seen as important regardless of environment, while social capital emerged as a resource used more in hostile environments.

Brand identity and social capital are non‐economic resources which may help small retailers to compete in increasingly competitive environments. The RBV holds that to provide a competitive advantage, a firm's resources must be valuable, rare, imperfectly mobile and non‐substitutable. This qualitative study supports the conceptualization of brand identity and social capital as such resources.

Small business owners need to recognize the value of non‐monetary resources. Once these are recognized they can then be leveraged by the business owner to improve performance.

Few studies exist which apply the RBV to small firms. Only recently have scholars begun to operationalize constructs of the RBV. Researchers have not investigated social capital or brand identity as mitigators of environmental hostility. This study addresses each of these issues.

A group of men are gathered around an office work station. On the computer screen an animated, anatomatically correct woman says, “Hello, I'm Maxie, your date from MacPlaymat. Would you like to take off my clothes? I'll guide you. Start with my blouse.” The employee at the keyboard removes Maxie's clothes and then selects “sex toys” from the “tool box.” Maxie can be handcuffed, gagged, shackled, and made to perform a variety of sex acts. The excellent graphics and digitised sound of the computer allow Maxie to writhe and moan. A woman enters the office and finds her colleagues engaged in this “entertainment.” Has a computer game set the stage for a complaint of sexual harassment?

This article presents the results of a 15-year longitudinal study of the major educational peacebuilding initiatives in Israel and the occupied Palestinian territories, during times of relative peace and of acute violence (1993–2008). Using longitudinal field research data and surveys, it examines how peace initiatives, that work across conflict lines, adapt to hostile and unfavorable environments. Additionally, it investigates the criteria that allows some peacebuilding initiatives to survive and persist, when the large majority do not. Building on the organizational and social movement studies literature, I contend that organizations need to successfully attend to a variety of challenges such as maintaining resources, maintaining legitimacy, managing internal conflict, and maintaining commitment to have a significant chance for survival. Moreover, I argue that for organizations committed to working across difference and inequality in unfavorable and hostile conflict environments, it is critical for organizational effectiveness and survival to pay heed to the quality of the cross-conflict relationships, as well as, to matters of equality.

The purpose of this article is to evaluate the effect of entrepreneurial competencies and the moderating effect of business environment on business success in small and medium sized enterprises (SMEs) in Malaysia.

A sample of 212 Malaysian SME owner‐founders participated in this study. The structural equation modeling (SEM) procedure was used to test the proposed model.

The results showed that entrepreneurial competencies were strong predictors of business success in SMEs in Malaysia. It was also found that the association between entrepreneurial competencies and business success was more strongly evident in hostile and dynamic environments than in more benign and stable environments.

Self‐report was used as the source of all data. This approach, even though criticised by some, was deemed necessary because of difficulties associated with the independent assessment of each of these variables. Nevertheless, future studies should identify ways to obtain competency data from multiple informants to minimise the possibility of response bias.

It was suggested that understanding business success through the lens of entrepreneurial competencies is important because it provides entrepreneurs with knowledge about the way they should operate their business and encourages them to be conscious of the potential positive or negative impacts of their own behaviour.

The study shows that entrepreneurs are capable of minimising the negative impact of business environment if they are willing to equip themselves with the appropriate competencies.

The purpose of this paper is to explore the relationship between entrepreneurial orientation (EO) and firm performance across different levels of environmental hostility and market growth. The contingency approach of two-way interactions of EO with each environmental variable is contrasted with the configurational approach of three-way interactions of EO simultaneously with different levels of both environmental variables.

Hierarchical regression analysis is applied for the pooled data set of 163 Finnish and Russian small- and medium-sized enterprises, and supplemented with post hoc analysis of the differences in regression slopes across environmental configurations.

Results show that EO is directly and positively associated with firm performance. However, the strength and direction of this relationship varies by configurations of the external environment variables. Firms achieve superior performance when adopting EO in environments with high levels of both hostility and market growth. In contrast, in favorable environments with low hostility and high market growth, EO adoption leads to lower firm performance.

The study contributes to the EO literature by demonstrating different effects of EO on firm performance across various environmental configurations. It uses cross-sectional data from two countries. Replication studies using different samples may further corroborate the results.

In order to take advantage of opportunities and achieve better performance, managers of firms should analyze multiple elements of the environment concurrently and align EO to those conditions.

The configurations of environmental hostility and market growth, representing both favorable and unfavorable elements of business context, have not been previously investigated together in one model of the EO-performance relationship.

Extant research suggests that managing strategic change has become a key managerial function and this duty encompasses changes in organizational product-market boundaries and organizational structure among many related organizational activities. The need to achieve strategic change arises because of major shifts in the external environment and the subsequent need for the organization to remain viable and competitive in the changed environment. Therefore, the purpose of this paper is to investigate if middle managers are likely to adopt authoritative style while implementing strategic change when they sense organizational survival.

“Sensemaking” literature led to development of the authors’ hypotheses and these were tested using the responses of 117 middle managers. The authors used survey-based instrument to collect data and used regression analysis to explicate the responses of the middle managers.

Results indicate that when middle managers sense that the survival of the organization is at stake, they are likely to choose an authoritative style. The authors also investigated the moderating role of organizational commitment, strategic posture of the top management team, and hostile business environment on the relationship between perception of survival urgency and the choice of authoritative implementation style. Only organizational commitment moderates this relationship.

The authors’ data collection was survey based and the authors used a single source for each questionnaire and this process may lead to possibilities of mono-method bias. However, steps were taken to reduce the resultant mono-method bias. The respondents are from a variety of industries and future research may focus on one specific industry.

The first implication of this study allows us to expand research focus on the adoption of authoritative style, a research area that is not explored very much. The second implication of the study is that middle managers tend to focus on their emotions when it comes to implementing strategic changes. Using arguments from sensemaking the authors show that the perception of need for survival or the perception that business environment is hostile will determine how strategic change could be implemented. Middle managers must be treated as more than just the implementers of the directives/fiats/orders/edicts that originate from the top.

Role of middle managers in strategic change management is critical and the authors suggest that the perception of organizational survival at risk leads to choice managerial style by middle managers.

The authors have combined ideas from both the strategic management and organizational development fields to understand successfully the implementation of strategic change in a survival urgency situation. In the past, the strategic management literature focused primarily on understanding strategy formulation process, and the process of implementation was generally neglected. The respondents are from a variety of industries. The analysis indicate that membership to any one firm was not impacting the results obtained by the authors and as such allows for results to generalized.

A postal National Survey of the workforce in Ireland (N = 1057) found that six per cent of respondents claimed to have been bullied frequently, with a further 17 per cent bullied occasionally, over the previous 12 months. Of those who had been bullied, 67 per cent described the style of leadership in their organizations as autocratic, 15 per cent as laissez-faire, and 18 per cent as democratic. Whilst 72 per cent of non-bullied respondents reported that their working environment was friendly, only 47 per cent of bullied respondents reported that their working environment was friendly. Furthermore, 39 per cent of bullied respondents claimed to work in a hostile environment. There were significant differences between bullied and non-bullied respondents with regard to working conditions, with the exception of the level of challenge, and significant differences in all aspects of the perceived working climate, with the exception of a variable atmosphere.

This study realize that the relationships between business environment and firm performance in context of small- and medium-sized enterprises and large organizations is well understood and focused, but less research has been done on microenterprises, especially in informal sector. The purpose of this paper is to examine these relationships.

A mixed method research design was used. In the field study, data were obtained from 14 participants via one-to-one personal interview. Content analysis was applied to extract, classify, and cross-examine of the data. In the quantitative approach, questionnaire was developed and data were collected from 438 informal microenterprises (IMs) owners. The data were analysed using the partial least square structural equation modelling.

Results from this field study and survey recognized these relationships and vibrates well with the existing literature and establish the hypothesis.

In order to create more favourable environment and ensure the performance, the policy makers, professional bodies could formulate decent requirements for IMs to have a code of business practices and socio-economic performance.

This study provides a first step towards business environment and firm performance in context IMs and makes several contributions to the literature.