TY - JOUR
T1 - The Strategic Management of High-Growth Firms
T2 - A Review and Theoretical Conceptualization
AU - Demir, Robert
AU - Wennberg, Karl
AU - McKelvie, Alexander
N1 - Funding Information:
We are grateful for the comments from Erkko Autio, Anna Brattström, Martin Carlsson-Wall, Sven-Olov Daunfeldt, Juhana Peltonen, the two LRP reviewers and the special issue editor David King. Rasmus Nykvist provided excellent research assistance. The Organization for Economic Cooperation and Development (OECD) and the Swedish Research Council ( DNR 340-2013-5460 ) provided generous research funding. The usual caveats apply.
Publisher Copyright:
© 2016 Elsevier Ltd
PY - 2017/8
Y1 - 2017/8
N2 - 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.
AB - 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.
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U2 - 10.1016/j.lrp.2016.09.004
DO - 10.1016/j.lrp.2016.09.004
M3 - Article
AN - SCOPUS:84994430667
VL - 50
SP - 431
EP - 456
JO - Long Range Planning
JF - Long Range Planning
SN - 0024-6301
IS - 4
ER -