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Factors Associated With Growth Changes In "Gazelles"

Author

Listed:
  • ETIENNE ST-JEAN

    (Management Department, Université Laval, Canada)

  • PIERRE-ANDRÉ JULIEN

    (INRPME, Université du Québec à Trois-Rivières, Canada)

  • JOSÉE AUDET

    (Management Department, Université Laval, Canada)

Abstract

The goal of this paper is to identify the factors that precede and may cause sudden changes in the pace of growth of high-growth SMEs orgazelles. A retrospective longitudinal case study of seven high growth SMEs that had undergone a total of 14 sudden shifts in growth reveals that a number of events caused the changes of pace. Some were triggered by the entrepreneur's decisions while others resulted from events beyond his/her control. Management's motivation for growth was an important element and this motivation changed over time, being influenced by both success and problems associated with actual growth. The success of growth strategies also appears to depend on the firm's proximity to its client base and its ability to obtain the information required for sound decision-making. Lastly, the availability of tangible and intangible resources was found essential in allowing the company to seize growth opportunities and proximity to the business milieu may help accessing these resources.

Suggested Citation

  • Etienne St-Jean & Pierre-André Julien & Josée Audet, 2008. "Factors Associated With Growth Changes In "Gazelles"," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 16(02), pages 161-188.
    • Handle: RePEc:wsi:jecxxx:v:16:y:2008:i:02:n:s0218495808000089
    DOI: 10.1142/S0218495808000089
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    References listed on IDEAS

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    1. van Damme, E.E.C., 2000. "Nobelprijs voor nuttige econometrie," Other publications TiSEM 88c2ad26-cefa-4176-bdc7-b, Tilburg University, School of Economics and Management.
    2. Pierre-André Julien, 2007. "A Theory of Local Entrepreneurship in the Knowledge Economy," Books, Edward Elgar Publishing, number 12800.
    3. van Damme, E.E.C., 2000. "Eerlijk delen," Other publications TiSEM b25da10f-89fc-48b6-866a-d, Tilburg University, School of Economics and Management.
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    Citations

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    Cited by:

    1. Ivan Savin & Maria Novitskaya, 2023. "Data-driven definitions of gazelle companies that rule out chance: application for Russia and Spain," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(3), pages 507-542, September.
    2. Céline Bérard & Séverine Saleilles, 2016. "Sustainability-driven entrepreneurship and high-growth SME: How to combine Davids’ and Goliaths’ worlds?," Post-Print halshs-01459141, HAL.
    3. Deligianni, Ioanna & Voudouris, Irini & Lioukas, Spyros, 2015. "Growth paths of small technology firms: The effects of different knowledge types over time," Journal of World Business, Elsevier, vol. 50(3), pages 491-504.
    4. Kuzyk, M. & Simachev, Yu. & Fedyunina, A., 2020. "Participation of fast-growing SMEs in international trade and implications for public policy," Journal of the New Economic Association, New Economic Association, vol. 45(1), pages 208-218.
    5. Cécile Chanut-Guieu & Gilles Guieu & Franck Tannery & Léo-Paul Dana, 2014. "Au-delà de la croissance rapide : combiner le paradoxe et la logique dominante pour un modèle d’hypercroissance durable," Post-Print halshs-01413739, HAL.
    6. Kovács, Olivér, 2020. "Gazellák az iparpolitika tükrében, I [Gazelles and industrial policy, Part 1]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 54-87.
    7. André Waal & Enny Kraaijveld, 2022. "Learnings from a successful transformation to a high-performance organization: a longitudinal case study," SN Business & Economics, Springer, vol. 2(11), pages 1-20, November.
    8. Sarra Kouada & Bénédicte Aldebert & Serge Amabile, 2018. "L’hypercroissance des start-up n’est pas un long fleuve tranquille : rôle et place des structures d’accompagnement ?," Post-Print halshs-01943501, HAL.
    9. Annie Royer & Josée St-Pierre, 2020. "Facteurs qui entravent ou facilitent l’expansion des PME en croissance rapide de l’industrie bioalimentaire," CIRANO Project Reports 2020rp-37, CIRANO.
    10. Mara Del Baldo & Federica Palazzi, 2023. "High-Growth Benefit Corporations: Leveraging on Intangibles—Insights from Italy," Sustainability, MDPI, vol. 15(14), pages 1-20, July.
    11. E. Ryabova V. & M. Samodelkina A. & Е. Рябова В. & М. Cамоделкина А., 2018. "Факторы Устойчивого Роста Российских Компаний // Factors Of Sustainable Growth Of Russian Companies," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 22(1), pages 104-117.

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