Nascent Entrepreneurship: Empirical Studies and Developments
Small Firm Growth has two purposes -- to review the extant empirical literature on small firm growth by focusing on small and medium-sized firms (SMEs) and to suggest a framework for integrating our knowledge on small firm growth to guide future research. The authors identify a number of key themes: the conceptualization of small firm growth, assessing small firm growth, factors driving or hindering growth, modes of growth (such as organic growth versus acquisitions), growth stages and transition, and the effects of small firm growth. Small Firm Growth first discusses the nature of the phenomenon of small firm growth and its relation to entrepreneurship as well as size and age. It then moves on to how growth can best be assessed. A major section is devoted to findings on factors that contribute to or hinder firm growth. Following this it offers a section on how small firms grow, if and when they grow at all. In particular, it examines organic growth versus acquisitions; growth through networking and alliances, and international expansion. The next topic treated is 'growth stages and transitions' and the effects of growth in terms of profitability and job creation. Finally, the authors propose a framework for guiding future research and furthering management theory and practice on small firm growth.
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Person Factors Leading to Nascent Entrepreneur Status
The Discovery Process
The Exploitation Process
Some Particular Themes
The Bigger Picture
Developments So Far
Further Development Needs
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analysis Audretsch Babson College Babson College/Kauffman Foundation Business Creation business founders business planning business start-ups Business Venturing Bygrave countries data set Delmar and Davidsson Delmar and Shane dependent variable discovery process empirical entrepren entrepreneurial activity Entrepreneurial Dynamics escalation of commitment exploitation process factors financial capital firms Frontiers of Entrepreneurship further G. N. Chandler GEM data gender gestation activities groups growth aspirations Handbook of Entrepreneurial heterogeneity hindsight bias homophily human capital indicators interpretations issue Journal of Business Kolvereid longitudinal N. M. Carter nascent entrepreneurs nascent entrepreneurship one’s P. D. Reynolds Paper presented positive effect prevalence problem Process of Business Proposition PSED data PSED design PSED type reactive search regards reported Ruef sample Samuelsson Shaver Small Business Economics social capital specific start-up activities start-up efforts start-up process Sweden Swedish PSED theoretical theory Thousand Oakes venture creation venture start-up W. B. Gartner Wellesley