Identifying high growth firms: Where are we?

Title
Identifying high growth firms: Where are we?
Publication Date
2016
Author(s)
Dwyer, Bruce
Kotey, Bernice A
( author )
OrcID: https://orcid.org/0000-0003-2287-7295
Email: bkotey@une.edu.au
UNE Id une-id:bkotey
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
Cambridge University Press
Place of publication
United Kingdom
DOI
10.1017/jmo.2015.51
UNE publication id
une:19442
Abstract
The article reviews the literature for the key markers of high growth firms, which create the majority of new jobs. From the review, a template is developed comprising the key markers. They include: training and experience in entrepreneurship and management; and strategies that emphasise innovation, marketing and employee and organisational learning. High growth firm owners take steps to access management skills that complement theirs through employment of a management team, outsourcing management tasks or making decisions with oversight from an informal board. Good reward structures, which may include ownership interests, are essential to performance of the management team. Access to resources, especially finance and human capital is critical to growth but abundant resources could compromise efficiency. The article finds that personality characteristics of owners and postgraduate education in management are not effective identifiers of high growth firms. Some of the barriers to identifying high growth firms are presented and suggestions made to overcome them.
Link
Citation
Journal of Management & Organization, 22(4), p. 457-475
ISSN
1839-3527
1833-3672
Start page
457
End page
475

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