The influence of entrepreneurial orientation, focus of attention, and environmental turbulence on the strategy-performance relationship

The problem. This study examined the influence of entrepreneurial orientation, focus of attention, and environmental turbulence on the strategy-performance relationship among first movers and second movers in the high tech and biotech industry in the United States.; Method. The data for this study were collected primarily through an online survey, as well as a mailed out survey, to top executives of high tech and biotech new venture companies in the United States.; Results. This study found significant differences between first movers and second movers in the high tech and biotech industry in regards to the type of strategy process employed, level of entrepreneurial orientation, level of environmental turbulence, and focus of attention. First movers employed a mixed strategic process, whereas second movers employed a formal strategic process. First movers reported they operated in moderate environments, whereas, second movers reported operating in environments that were stable.; 1. First movers differed from second movers in the elements of the environment that they rated as more important. The elements of the environment included: (a) Employees. (b) Top Managers. (c) Owners. (d) Creditors/Suppliers. (e) Buyers/Customers. (f) General Economic Indicators. (g) Competitors. (h) Organizational Processes.