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    Small business growth and performance

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    Adomako_Growth_and_Performance_Review_chapter.pdf (346.8Kb)
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    Publication date
    2018
    Author
    Adomako, Samuel
    Mole, K.F.
    Keyword
    Entrepreneurship
    Determinants
    Constraints
    Growth
    Performance
    Rights
    The final, definitive version of this chapter has been published in The SAGE Handbook of Small Business and Entrepreneurship by SAGE Publications Ltd, All rights reserved. © 2018 SAGE Publications Ltd.
    Peer-Reviewed
    Yes
    
    Metadata
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    Abstract
    Research on business growth has blossomed, yet scholars often complain face the difficulty of distililing a clearer pitcure of the business growth phenomenon. This paper attempts to overcome this limitation by reviewing and synthesizing extant research on business growth. First, we begin by examining Penrose’s view of firm growth. Second, we highlight how business growth is measured; these are absolute or relative change and growth as a process. Third, we explore theories of business growth; integrated models-theories that explain the factors that drive business growth and (2) stage models which view business growth as a series of phases or stages of development through which a firm must pass in its life-cycle. Fourth, we examine modes of business growth; these are organic vs. acquisition growth, growth through networks and alliances and growth through internationalization. Fifth, we examine drivers and constraints to business growth. We conclude the review by pointing out areas of harmony and contention in the literature, from which we suggest opportunities for future research.
    URI
    http://hdl.handle.net/10454/17327
    Version
    Accepted manuscript
    Citation
    Adomako S and Mole KF (2018) Small business growth and performance. In: Blackburn R, De Clercq D and Heinonen J (Eds.) The SAGE Handbook of Small Business and Entrepreneurship. London: SAGE.
    Link to publisher’s version
    http://dx.doi.org/10.4135/9781473984080
    Type
    Book chapter
    Collections
    Management and Law Publications

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