Guest editorial: Special issue introduction: strategic management in Latin America: exploring a VUCA context within a change of era

• Published in: Management research (Armonk, N.Y.) N.Y.), 2024-05, Vol.22 (2), p.105-112
• Main Authors: Pels, Jaqueline, Rodriguez, Carlos Adrian
• Format: Article
• Language: English
• Subjects: Emerging markets; Entrepreneurs; Entrepreneurship; Flexibility; Neuropsychology; Self-efficacy; Small business; Social capital; Strategic management; Sustainability; Teamwork
• ISSN: 1536-5433; 1536-5433; 1558-0946
• DOI: 10.1108/MRJIAM-06-2024-976

[...]VUCA context makes it challenging for decision-makers to understand the future and develop long-term strategies to promote the firm’s success. The distinction bears significant implications for both scholarly discourse and practical application. [...]we consider it important to briefly highlight their differences. Changes of Era related VUCA effects impact transversally all countries, but in emerging market, these are combined with the intrinsic VUCA situation. [...]as stated, emerging markets are the drivers of world growth, yet they are challenging operating environments given their double VUCA effect. By integrating competencies and motivations into the sustainable entrepreneurship framework, the research extends our understanding of the dynamics at play, steering toward environmentally and socially responsible entrepreneurship. [...]the study underscores the importance of nurturing competencies, such as self-efficacy and social capital, to empower nascent entrepreneurs as change agents for sustainability. 2.3: “Family social capital as a mediator between socioemotional wealth and entrepreneurial orientation: evidence from Mexican SMEs” by Ramirez-Solis, Mojarro-Duran and Baños-Monroy (this issue) This study investigates the mediating role of family social capital (FSC) in