Since 2014
Entrepreneurship Challenges in High‐Growth Companies and Consequences for SME Policy
Entrepreneurial Business and Economics Review
View Archive Info| Field | Value | |
| Title |
Entrepreneurship Challenges in High‐Growth Companies and Consequences for SME Policy
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| Creator |
GRUENWALD, Robert K.; Cracow University of Economics
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| Subject |
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high‐growth companies; hidden champions; entrepreneurship policy; SME policy; corporate life cycle M00 |
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| Description |
The objective of this paper is to identify success factors for corporate growth out of these two approaches (hidden champions research, high‐growth companies research) to make the findings fertile for entrepreneurship policy and for entrepreneurship with a growth focus. The article is based on the literature review (theoretical background and research results on high‐growth companies). The paper is a summary of recent research findings regarding SME growth drivers and successfactors as well as considerations about the goals of an effective SME and entrepreneurship policy. On the basis of the various empirical research only 6 to 10% of companies become high‐growth companies. Most high‐growth companies arise in niche markets in low‐involvement industries and are not breakthrough innovators or technology leader. These companies produce the most jobs. Therefore, it is recommended in terms of SME policy not to generally support high technology or ‘trendy’ industries or more or less evenly many companies, but to use research findings for better targeting the companies with the highest potential to become outperformer and ‘jog engines’. The paper can be treated as a unique summary of the ‘state of research’ about successful SMEs and the application of the research findings to an economic policy question (interdisciplinary approach).
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| Publisher |
Cracow University of Economics
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| Contributor |
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| Date |
2013-03-12
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
http://www.eber.uek.krakow.pl/index.php/eber/article/view/4
10.15678/EBER.2013.010104 |
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| Source |
Entrepreneurial Business and Economics Review; Vol 1, No 1 (2013): Global Opportunities and Local Businesses; 41-54
2353-8821 2353-883X |
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| Language |
eng
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| Relation |
http://www.eber.uek.krakow.pl/index.php/eber/article/view/4/5
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| Coverage |
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| Rights |
Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a CC BY-NC-ND licence that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are asked to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access). We advise to use any of the following reserach society portals:ResearchGateSSRNAcademia.eduSelected WorksAcademic Search
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