“…The industrial environment (or industry, or sectoral environment) includes all the enterprises and actors lying at the production space of similar products and services (Pasch, Rybski, & Jochem, 2016). We can usually get a full picture of the industrial environment by examining aspects such as the structure of factors of production/industry inputs, including labour, capital, technology/information management, and entrepreneurship (Tang, Thürer, Hu, Zhang, & Petti, 2017).…”