An integrated framework is not available for studying the environmental conditions conducive for entrepreneurship despite their importance for the emergence and growth of enterprises in a country. This paper develops such a framework consisting of five dimensions of entrepreneurial environments and links these dimensions to the core elements of the new venture creation process. Specific emphasis is given to the role of environmental conditions in developing opportunities and in enhancing entrepreneurs’ propensity and ability to enterprise. The paper outlines some propositions and research implications of the integrated model and offers initial guidelines for formulating public policies to develop entrepreneurial environments.

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Purpose – Water is a unique resource that does not receive enough attention among companies given its essential contribution to human life. Its uniqueness among all resources results from its environmental, socio-political and economic characteristics. The purpose of this paper is to explore water's uniqueness to companies, especially how one company, Coca-Cola, is currently managing this resource and to describe a few serious challenges that companies will face. Design/methodology/approach – Coca-Cola has become a leader among these corporations, and we can learn from this company about suggested actions that others might want to use. Findings – The major actions that companies must take relate to impact assessment and reporting, increased stewardship as a corporate responsibility, observing principles of sustainability and the increased recognition of water in all environmental policies and regulatory actions, partnerships with government and non-government organizations, and technology and design, i.e. allocating financial and human capital to develop new technologies. Originality/value – Several corporations, in recognizing water's uniqueness as a resource, have taken actions for its management.

Because Rokeach's theory of values and his Value Survey are so influential on other researchers, critical analysis of the instrument and its basic assumptions are warranted. Two studies were conducted to determine whether empirical rationale exists for the division of value systems into two categories, terminal and instrumental. Drawn from analysis by Rokeach and from two studies, evidence suggests that the two categories lack construct validity. Instead, a value system based on value orientations is suggested.

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