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Growth Ambitions vs. Actual Growth in Established SMEs
Linköping University, Department of Management and Engineering, Industrial Marketing and Industrial Economics. (Growth in SMEs)
2015 (English)In: XXVI ISPIM Conference: Budapest, Hungary (2015): Shaping the Frontiers of Innovation Management / [ed] Huizingh Eelko, Torkkeli Marko, Conn Steffen, and Bitran Iain, 2015Conference paper (Other academic)
Abstract [en]

With the purpose to explore what characterizes established SMEs with growth ambitions, literature on growth and in particular growth ambitions was reviewed. Five dimensions of growth ambition were used: important to grow as regards turnover, important to take risks, prioritizes growth to profitability, prioritizes market share to profitability and prioritizes to reinvest to profit. Variables previously found to characterize fast-growing SMEs were included. A sample of 384 Swedish SMEs was used where growth ambitions were collected in 2011 and financial data was obtained for 2009 and 2013. Regardless of dimension, firms with the higher values had a 50 % higher increase employee growth. For most dimensions, a higher percentage of the turnover invested in completely new products and younger managing director/shorter managing director time with the firm and a stronger focus on increasing the domestic market share characterized the firms stressing growth in turnover and not prioritizing profitability.

Place, publisher, year, edition, pages
2015.
Series
CMT Report, ISSN 0283-1228 (print), 1653-7556 (online)
Series
, LUT Scientific and Expertise Publications 40. Tutkimusraportit – Research Rep, ISSN 2243-3376
Keyword [en]
Growth ambitions, SMEs, risk-taking, employee growth, domestic market share, NPD
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-123366ISBN: 978-952-265-779-4OAI: oai:DiVA.org:liu-123366DiVA: diva2:882121
Conference
XXVI ISPIM Conference: Budapest, Hungary, June 2015
Projects
Growth in SMEs
Available from: 2015-12-14 Created: 2015-12-14 Last updated: 2015-12-14

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Grundström, Christina
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Industrial Marketing and Industrial Economics
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ReferencesLink to record
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