Latin America’s institutional context presents different opportunities and challenges for business development. To investigate entrepreneurs’ responses to the impact of organized crime and violence on small and medium-sized enterprises (SMEs) in Mexico, a deductive content discourse analysis was developed. The sample was constructed by integrating international new reports from 2006 to 2012. The results made it possible to observe the dynamic between informal and formal institutions in the emergence of adaptation of entrepreneurs’ business model. The adoptions observed tend to respond to the change in the behavior of social groups in Mexico, as a consequence of organized crime and violence.
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