“…To better understand the manner in which high-technology SME manage their technology acquisitions and application, it is important to consider firm environment as a strategic research site (Bijker, Hughes, & Pinch, 2012). The World Economic Forum (2015) and many researchers suggest that the degree of innovation in countries is shaped by formal (Nair, Ahlstrom, & Filer, 2007;North, 1990;Rodrik, 2009) and informal (Ahlstrom, Young, Nair, & Law, 2003;McCloskey, 2006;Landes, 1998;Mokyr, 2016) institutional factors such as economic policies, intellectual property, culture, and policies to encourage innovation and new venture creation. This not only encourages innovation and new ventures (McCloskey, 2013;Yu, Hao, Ahlstrom, Si, & Liang, 2014), but Siu (2005) also adds that national culture influences entrepreneurs' style of management and approach to business such as with guerilla marketing, facilitating intergenerational firm development (for family business), and encouraging growth mindsets in the organization (Dweck, 2007;McCloskey, 2010), allowing for trial and error experimentation (Wang, Ahlstrom, Nair, & Hang, 2008).…”