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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.
2011 (English)Conference paper, Published paper (Other academic)
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 2006-2009 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 market 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 2006-2009, and they perceived themselves as better than their competitors at: 1) offering better products, 2) understanding customer needs, 3) being 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
Lappeenranta University of Technology Press , 2011.
Series
Master of Science
Keyword [en]
Gazelles, innovation, SMEs, market share growth, perceived competitive advantages, risk-taking
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-79565ISBN: 978-952-265-167-9 (print)OAI: oai:DiVA.org:liu-79565DiVA: diva2:543591
Conference
4th ISPIM Innovation Symposium, 29 November - 2 December, Wellington, NZ
Projects
Framtidsföretag
Available from: 2012-08-08 Created: 2012-08-08 Last updated: 2014-05-11

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Authority records BETA

Grundström, ChristinaSjöström, RolandUddenberg, Anders

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • oxford
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf