The Strategic Management of High-Growth Firms: A Review and Theoretical Conceptualization

Robert Demir, Karl Wennberg, Alexander McKelvie

Research output: Contribution to journalArticlepeer-review

131 Scopus citations


Scholars’ knowledge of the factors behind high-growth firms remains fragmented. This paper provides a systematic review of the empirical literature concerning high-growth firms with a focus on the strategic aspects contributing to growth. Based on our review of 39 articles, we identify five drivers of high growth: human capital, strategy, human resource management, innovation, and capabilities. These drivers are combined to develop a conceptual model of high-growth firms that includes potential contingency factors among the five drivers. We also propose a research agenda to deepen the study of high-growth firms in strategic management.

Original languageEnglish (US)
Pages (from-to)431-456
Number of pages26
JournalLong Range Planning
Issue number4
StatePublished - Aug 2017

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Finance
  • Strategy and Management


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