scholarly journals High-growth firms in New Zealand: Superstars or shooting stars?

2016 ◽  
Vol 35 (3) ◽  
pp. 244-261 ◽  
Author(s):  
Sara Satterthwaite ◽  
RT Hamilton
Keyword(s):  
New Zealand ◽  
Empirical Study ◽  
Growth Phase ◽  
High Growth ◽  
Service Industries ◽  
Future Research ◽  
Death Rates ◽  
Sustained Growth ◽  
Growth Firms ◽  
The Creation

This is an empirical study of the origin, demographics and fate of two cohorts of high-growth firms in New Zealand. Customised data on high-growth firms, covering 1125 and 1067 firms in the 2005 and 2008 cohorts, respectively, came from government sources. High-growth firms are smaller, more likely to emerge in service industries and grow through the creation of multiple separate establishments. The ability to sustain high-growth is independent of pre-growth age and employment size. High-growth firms have death rates up to four times greater than other contemporary firms, but the survivors do retain their employment size, continuing to contribute disproportionately to employment for some years beyond their initial high-growth phase. The demonstrated inability of high-growth firms to sustain high growth suggests a rethink on how ‘high growth’ is defined, with future research focusing on sustained growth firms.

scholarly journals High-growth firms and scale-ups: a review and research agenda

2019 ◽  
Vol 54 (1) ◽  
pp. 96-111
Author(s):  
Guilherme Fowler A. Monteiro
Keyword(s):  
Research Agenda ◽  
Design Methodology ◽  
Scale Up ◽  
High Growth ◽  
Levels Of Analysis ◽  
Future Research ◽  
Content Type ◽  
Growth Firms ◽  
Different Levels

Purpose This paper aims to conduct an extensive review and advances a framework for the literature of high-growth firms (HGFs) and scale-ups. Design/methodology/approach This paper takes the form of a literature review. Findings The author makes three specific contributions. First, he presents a broad review of high growth in firms, shedding light on the different levels of analysis. Second, he advances a characterization of scale-up companies to enable a better basis for discussion. Finally, he identifies gaps in the existing literature and suggest paths for future research. Originality/value The interest in HGFs and those referred to as scale-ups has increased considerably in recent years. Despite this trend, existing studies still have conceptual divergences and a gap separating theoretical inputs from the actual experiences of entrepreneurs.

Targeting for Growth: A Critical Examination

2012 ◽  
Vol 13 (1) ◽  
pp. 45-55 ◽  
Author(s):  
David Smallbone ◽  
Claire Massey
Keyword(s):  
New Zealand ◽  
Empirical Analysis ◽  
High Growth ◽  
Critical Examination ◽  
Policy Makers ◽  
Self Selection ◽  
Growth Firms ◽  
Profile Characteristics ◽  
And Training

The targeting debate has been around for more than 20 years, and yet we are still discussing how best to identify high-growth SMEs. Following a discussion of targeting issues and a review of some of the key literature on SME growth, the paper focuses on an empirical analysis of the performance of a panel of SMEs in New Zealand over a three-year period. The results show that, even when growth occurs in SMEs, it is typically discontinuous. In addition, most of the easily verifiable profile characteristics that are often used for targeting, such as size, sector, age, whether or not the firm is exporting and/or innovating, did not consistently distinguish growth firms from others. Possible conclusions are that policy makers need more effective long-term assessment of government programmes and/or that the heterogeneity of those enterprises able to achieve growth points towards the principle of self-selection. However, the authors suggest a more radical response based on investing more in education and training and aiming to make more explicit the implications of actions and non-actions by entrepreneurs with regard to growth.

scholarly journals Customer perceived value in high growth firms

2018 ◽  
Vol 37 (75) ◽  
pp. 755-778
Author(s):  
Suzanne Mawson
Keyword(s):  
Firm Performance ◽  
Perceived Value ◽  
High Growth ◽  
Future Research ◽  
Customer Perceived Value ◽  
Growth Firms ◽  
Key Factor ◽  
Empirical Contribution

Scholars have asserted that a key factor that differentiates high growth firms (HGFs) from other firms is their ability to create value for their customers. This paper contributes to the literature by empirically exploring this relationship. Drawing on comparative cohorts of eleven HGFs and ten non-HGFs in Scotland, this paper finds that the HGFs were much more likely than their non-HGF counterparts to be positively influencing customer perceived value, which is considered as an important enabler of firm performance and growth. In addition to its empirical contribution to the high growth entrepreneurship literature, this paper raises issues for future research.

Characterizing High-Growth Firms in New Zealand

2013 ◽  
Vol 14 (1) ◽  
pp. 39-48 ◽  
Author(s):  
Mark Hinton ◽  
R.T. Hamilton
Keyword(s):  
New Zealand ◽  
Control Systems ◽  
Relationship Marketing ◽  
High Growth ◽  
Financial Control ◽  
Four Dimensions ◽  
Case Study Design ◽  
Growth Firms ◽  
Business To Business

This study characterizes high-growth New Zealand-owned firms operating in business-to-business relationships. Within a case study design featuring six such firms, four dimensions emerged that captured their key features: founders' characteristics; opportunity orientation; opportunity exploitation; and the management of growth. All the firms had joint founders who brought complementary skills and maintained external advice networks. The growth opportunities leveraged innovations of other firms. Exploitation was in niche areas in which there were both few competitors and small numbers of larger customers, facilitating intensive relationship marketing. The founders managed the businesses by developing a pro-growth culture among employees, but supported this through strong financial control systems and low debt preference. The lack of evidence on the characteristics of this important group of firms has contributed to poorly targeted policy. This paper begins to redress this situation.

scholarly journals Wishful Thinking versus Reality: High-growth Aspirations of Start-ups and Established Entrepreneurs in ASEAN

2020 ◽  
Vol 25 (1) ◽  
Author(s):  
Ulrike Guelich
Keyword(s):  
Empirical Study ◽  
Early Stage ◽  
High Growth ◽  
Female Entrepreneurs ◽  
Individual Level ◽  
Market Expansion ◽  
Country Level ◽  
Growth Firms ◽  
Asean Countries ◽  
Start Ups

Most enterprises in the Association of Southeast Asian Nations (ASEAN) are micro and small enterprises. Few have aspirations to “dream big.” From an economic perspective, high-growth firms provide many benefits. This empirical study explores both country-level contextual factors such as country competitiveness or innovativeness and individual-level factors associated with high-growth, such as an entrepreneur’s market expansion plans, new product perceptions, export orientation and use of latest technologies. In this context, we investigate whether to “dream big” is associated with specific strategic intentions and which influencing factors hinder or foster aspirations to grow the business by more than 20 employees within five years while developing it into an established business. Utilising random sampling of data in six ASEAN countries, collected in the years 2013 to 2015 and comparing male to female entrepreneurs, the regression results of this empirical study show that although high growth-oriented entrepreneurs in both start-ups and established enterprises account for only 2.7% of all enterprises in this study, high-growth aspirations can only partially be sustained by early-stage entrepreneurs into the next business phase since it depends on several factors: (1) receiving funding (for both genders); (2) being export oriented (for male entrepreneurs); and (3) perceptions of having new products or services to offer to the market (for women entrepreneurs). Both genders are less prone to pursue their initial early-stage growth goals as established entrepreneurs. We infer that established entrepreneurs gain more clarity on the deployment of growth through implementation in the organisation while running their businesses and therefore may be more realistic in their predictions or less confident in their pursuit of ambitious goals.

Not All High-Growth Firms Are Alike: Capturing and Tagging Ohio’s Gazelles

2021 ◽  
pp. 089124242110235
Author(s):  
Merissa C. Piazza ◽  
Edward (Ned) Hill
Keyword(s):  
Slow Growth ◽  
Information Service ◽  
High Growth ◽  
Financial Service ◽  
Growth Patterns ◽  
Service Industries ◽  
Business Service ◽  
Growth Firms ◽  
Job Growth ◽  
Using Data

In this study, the present a statistically valid typology of high-growth firms (HGFs), also known as gazelles, to determine if payroll and job growth patterns differ between groups or clusters. Cluster–discriminant analysis was conducted on a cohort of 26,104 HGFs s in Ohio, using data from the Quarterly Census of Employment and Wages from 2010 to 2015. Only 1.2% of all Ohio’s firms can be classified as high growth. The larger herd of gazelles grows consistently, while the other, much smaller pack experiences short, intense growth spurts. Roughly 30% of the two gazelle clusters (Consistent High Growth and Volatile High Growth) are in the information service, financial service, and professional and business service industries, compared with 18% in the low- and slow-growth cluster. The nongazelle HGF cluster has proportionately more businesses in manufacturing and the leisure and hospitality industries than the gazelle clusters.

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