Myth-busting and entrepreneurship policy: the case of high growth firms

Promoting high growth firms (HGFs) has become a strong fixation within enterprise policy. This is a debate article seeking to examine and challenge the mythology perpetuated by policy makers and embedded within high growth entrepreneurship policy frameworks. Within the article we argue that a number...

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Published inEntrepreneurship and regional development Vol. 29; no. 5-6; pp. 414 - 443
Main Authors Brown, Ross, Mawson, Suzanne, Mason, Colin
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.06.2017
Taylor & Francis Ltd
Subjects
enterprise policy
Entrepreneurship
gazelles
high growth firms
Mythology
Myths
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Abstract Promoting high growth firms (HGFs) has become a strong fixation within enterprise policy. This is a debate article seeking to examine and challenge the mythology perpetuated by policy makers and embedded within high growth entrepreneurship policy frameworks. Within the article we argue that a number of distinctive 'myths' have become deeply embedded within these policy frameworks. Such myths have been built on misconceived preconceptions of HGFs, which has resulted in policy-makers taking a myopic view of these firms. A key aim of the paper is to highlight how false perceptions of HGFs translate into inappropriate policy interventions. The paper challenges some of the most commonly held myths about these firms (that they are predominantly young, small, high-tech, VC-backed, university spin-outs, who grow in an orderly organic fashion, operating similarly irrespective of location) and identifies a clear mismatch between how policy makers perceive HGFs and what they actually look like in reality. Suggestions for the design of future policy approaches are forwarded.
AbstractList Promoting high growth firms (HGFs) has become a strong fixation within enterprise policy. This is a debate article seeking to examine and challenge the mythology perpetuated by policy makers and embedded within high growth entrepreneurship policy frameworks. Within the article we argue that a number of distinctive 'myths' have become deeply embedded within these policy frameworks. Such myths have been built on misconceived preconceptions of HGFs, which has resulted in policy-makers taking a myopic view of these firms. A key aim of the paper is to highlight how false perceptions of HGFs translate into inappropriate policy interventions. The paper challenges some of the most commonly held myths about these firms (that they are predominantly young, small, high-tech, VC-backed, university spin-outs, who grow in an orderly organic fashion, operating similarly irrespective of location) and identifies a clear mismatch between how policy makers perceive HGFs and what they actually look like in reality. Suggestions for the design of future policy approaches are forwarded.
Author Mason, Colin
Brown, Ross
Mawson, Suzanne
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  givenname: Suzanne
  surname: Mawson
  fullname: Mawson, Suzanne
  organization: Stirling Management School, University of Stirling
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  givenname: Colin
  surname: Mason
  fullname: Mason, Colin
  organization: Adam Smith Business School, University of Glasgow
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Snippet Promoting high growth firms (HGFs) has become a strong fixation within enterprise policy. This is a debate article seeking to examine and challenge the...
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SubjectTerms enterprise policy
Entrepreneurship
gazelles
high growth firms
Mythology
Myths
Title Myth-busting and entrepreneurship policy: the case of high growth firms
URI https://www.tandfonline.com/doi/abs/10.1080/08985626.2017.1291762
https://www.proquest.com/docview/1892245959
Volume 29
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