... characteristics overwhelm individual firms’ performance. And so, the search for the supremacy of strategic choice over determinism was launched (Bourgeois, 1984). The central question in the then-new field of strategic management became, “What drives individual firm performance? Is it the industry in which...

..., which requires each small firm to “focus resources and explicitly or implicitly develop a strategy to (provide it with) a competitive advantage over others” (US SBA, 2007, p. 2). All firms adapt through the interactions of their strategic choices and the dynamisms of their environments (Child, 1972...