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Wyszukujesz frazę "Firm growth" wg kryterium: Temat


Wyświetlanie 1-2 z 2
Tytuł:
The Process of the Growth of Small and Medium-Sized Enterprises (SMEs)
Autorzy:
Gancarczyk, Marta
Zabalia-Iturriagagoitia, Jon Mikel
Powiązania:
https://bibliotekanauki.pl/articles/474906.pdf
Data publikacji:
2015
Wydawca:
Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
Tematy:
growth
firm
theory
process
SME
Opis:
Firm growth is a central topic in the literature on entrepreneurship, strategic management and industrial organization, among others. For an individual entrepreneurial firm, growth is an evidence of the return of the entrepreneur’s investment and self-fulfillment. Growth is also a condition of survival for young and small businesses, as growing firms are found less vulnerable to failure than non-growers (Stam et al., 2006). The macroeconomic importance of firm expansion was recognized in the 1980s, when the phenomenon of gazelles or high-growth firms was first described as those capable of intense size increases within a limited time span (Birch, 1981; Birch & Medoff, 1994; Birch et al., 1994; Storey, 1994; Coad, 2009; Acs et al., 2008). According to empirical research gazelles form a small fraction of business population. However, they represent a disproportionally large share in new job creation (Storey, 1994; Coad 2009; Stam et al., 2006; Acs et al., 2008). Growing firms are also more likely to generate innovations, specifically product innovations involving technological advancements (Coad, 2009; Schreyer, 2000; Storey, 1994; Smallbone et al., 1995). Both researchers and policy makers interested in expansion, focus on rapidly growing firms and on small and medium-sized enterprises. This interest in high-growth enterprises is justified by the observation that the remaining population either grows slowly or does not perform any expansion (Coad, 2009). At the same time, gazelles are predominantly young, small and medium-sized enterprises (SMEs). The dynamics and economic contribution of firms’ growth are negatively associated with age and size, which corresponds to the observation that job losses are generated mainly by the established, large and non-growth firms (Acs et al., 2008). As firm expansion and growth have proved to be a condition for competitive advantage both at the level of individual firms and at the level of the economy at large, the phenomenon of firm growth has become a focus of research. One of the main purposes of this increasingly preeminent research stream is to provide recommendations for firm management and for economic policy, undergoing the risks and challenges in achieving expansion. However, in order to provide these recommendations, we need to better comprehend the entrepreneurial motivations and the attitudes towards growth, the stimuli and impediments to company growth, the potential mechanisms to firm growth and modes of expansion. This special issue seeks to contribute to the knowledge base on the growth process of entrepreneurial firms, which is an emerging stream of research on firm growth. This emerging stream complements the existing perspectives on expansion, which are more focused on: 1) companies’ internal adaptation mechanisms, as reflected in life cycle models, and on 2) determinants and predictors of firm growth (Dobbs & Hamilton, 2006; McKelvie & Wiklund, 2010). We present the focus provided in this special issue as complementary to existing approaches, aiming also to contribute with new findings in addressing some yet underexplored areas. The emerging stream of growth process refers to why and how growth is implemented through proactive entrepreneurial actions and decision-making processes, which are presented in complex organizational and environmental contexts, including cause-effect mechanisms in the history of company development. This holistic approach is a constituent feature of studies on the growth process. It differentiates from the currently dominating focus on the determinants of individual firm’s growth and from the earlier stage models of internal adaptation to the challenges imposed by expansion. In the following sections of this introductory paper, we discuss first the stream of research on the growth process in connection with the extant literature on firm growth. Then we highlight the contribution of the individual papers included in this special issue as well as the contribution aimed at by the entire issue as a whole. Finally, the conclusion delineates some potential pathways for further research as a result of the findings provided by the special issue.
Źródło:
Journal of Entrepreneurship, Management and Innovation; 2015, 11, 4; 3-24
2299-7075
2299-7326
Pojawia się w:
Journal of Entrepreneurship, Management and Innovation
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
A Model of Firm Growth
Autorzy:
Leśko, Dariusz
Powiązania:
https://bibliotekanauki.pl/articles/574429.pdf
Data publikacji:
2011-12-31
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
firm
theory
growth
size
life cycle
Opis:
International statistics show that small firms are the dominant form of business enterprise today. Yet, despite ongoing research into the theory of the firm, there is still no common view on the mechanisms of firm growth. This article aims to stimulate further theoretical and empirical research into firm growth. In the first part of the paper, the author reviews the most seminal theories of the growth of the firm to date, noting that there are two broadly perceived schools of thought within the analysed field. The first approach advocates a more or less stochastic pattern of firm growth. The second research school holds that the resources at the firm’s disposal are the differentiators, drivers of, but also limits to, firm growth. In the second part of the paper, based on the literature review and deduction, the author develops an alternative model of firm growth. Building on the properties of the Markovian processes, he shows that it may be because of the seemingly rational behaviour of firm incumbents that most firms do not grow in size beyond some satisfying level. The proposed model of firm growth is equally applicable to firms of all sizes operating in all industries and markets.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2011, 252, 11-12; 31-45
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
    Wyświetlanie 1-2 z 2

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