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Fast-growing SMEs and the Role of Innovation
Linköping University, Department of Management and Engineering, Industrial Marketing and Industrial Economics. Linköping University, The Institute of Technology.
Linköping University, Department of Management and Engineering, Industrial Marketing and Industrial Economics. Linköping University, The Institute of Technology.
Linköping University, Department of Management and Engineering, Industrial Marketing and Industrial Economics. Linköping University, The Institute of Technology.
Linköping University, Department of Management and Engineering, Industrial Marketing and Industrial Economics. Linköping University, The Institute of Technology.
2012 (English)In: International Journal of Innovation Management, ISSN 1363-9196, E-ISSN 1757-5877, Vol. 16, no 3, 1240003-1-1240003-19 p.Article in journal (Refereed) Published
Abstract [en]

In a study of 409 Swedish SMEs, the difference between the highest growing, which can be characterized as gazelles, and the lowest growing companies were examined regarding performance change over a four year period and what contributed to the growth from an innovation perspective. It was concluded that, besides growing, the highest growing companies also showed high profitability,increased number of employees, and significantly higher markets shares locally, nationally and internationally than the lowest growing companies. Several traits were found to contribute to this. The highest growing companies had a significantly higher portion of new products as part of the turnover during the four years studied and they perceived themselves as differentiating from their competitors concerning: (1) offering better products, (2) understanding customer needs better, (3) having a higher pace or being more agile, and (4) keeping costs down. They also found it more important to take risks, reinvest any profit, and to focus on growth than the lowest growing companies, and this regardless of industry.

Place, publisher, year, edition, pages
Imperial College Press, 2012. Vol. 16, no 3, 1240003-1-1240003-19 p.
Keyword [en]
Gazelles, innovation, SMEs, market share growth, perceived competitive advantages, risk-taking
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-78495DOI: 10.1142/S1363919612400038OAI: oai:DiVA.org:liu-78495DiVA: diva2:543487
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Framtidsföretag
Available from: 2012-08-08 Created: 2012-06-13 Last updated: 2017-12-07

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Grundström, ChristinaSjöström, RolandUddenberg, AndersÖhrwall Rönnbäck, Anna

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Grundström, ChristinaSjöström, RolandUddenberg, AndersÖhrwall Rönnbäck, Anna
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Industrial Marketing and Industrial EconomicsThe Institute of Technology
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International Journal of Innovation Management
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CiteExportLink to record
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  • apa
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