“…They may be affected by environmental changes such as deregulations, privatization, technological, and sometimes disruptive sociopolitical change. They in addition may be facing increasing competition and interconnectedness of global economies, the growing importance of global markets, and evolving market demands (e.g., Josefy, Kuban, Ireland, & Hitt, 2015). Organizations, however, may not always be successful during environmental changes, for example because they give no thought to the need to initiate change (Hannan & Freeman, 1984).…”