Free to grow? Assessing the barriers faced by actual and potential high growth firms
AbstractA small proportion of high growth firms create the majority of all new jobs. For policymakers, it is important to know (1) the obstacles faced by high growth firms are and (2) the obstacles faced by firms with the potential to achieve high growth, but which are yet to achieve this. This investigates these issues using the UK Small Business Survey. It highlights six areas where high growth firms experience problems: obtaining finance, cash flow, recruiting staff, skill shortages, managerial skills and the availability and cost of premises. Potential high growth firms argue that cash flow, recruiting, the availability and cost of premises and managerial skills are important. They also argue that competition is a significant obstacle to their growth, perhaps implying their business strategy is problematic.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36396.
Date of creation: 01 Nov 2011
Date of revision:
High growth firms; Barriers; gazelles; SMEs; Firm growth;
Find related papers by JEL classification:
- L0 - Industrial Organization - - General
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
- NEP-BEC-2012-02-20 (Business Economics)
- NEP-ENT-2012-02-20 (Entrepreneurship)
- NEP-HME-2012-02-20 (Heterodox Microeconomics)
- NEP-SBM-2012-02-20 (Small Business Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Henrekson, Magnus & Johansson, Dan, 2008. "Gazelles as Job Creators – A Survey and Interpretation of the Evidence," Working Paper Series 733, Research Institute of Industrial Economics.
- Neil Lee & Max Nathan, 2011. "Does Cultural Diversity Help Innovation in Cities: Evidence from London Firms," SERC Discussion Papers 0069, Spatial Economics Research Centre, LSE.
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