A QUALITATIVE STUDY OF THE MANAGEMENT PRACTICES OF RAPID-GROWTH ENTREPRENEURIAL FIRMS

Although practitioner magazines like Fortune and Inc. often write about rapid-growth firms, very little academic research has focused on this topic. To build theory in this area, this study developed theoretical models of the management practices that typify a sample of rapid-growth and slower-growt...

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Bibliographic Details
Published inJournal of business & entrepreneurship Vol. 9; no. 2; p. 21
Main Authors Barringer, Bruce R, Jones, Foard F, Lewis, Pamela S
Format Journal Article
LanguageEnglish
Published Durant Association for Small Business and Entrepreneurship 01.10.1997
Subjects
Best practice
Economic development
Entrepreneurs
Entrepreneurship
GDP
Gross Domestic Product
Growth industries
Growth rate
Qualitative research
R&D
Research & development
United States > US
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Summary:Although practitioner magazines like Fortune and Inc. often write about rapid-growth firms, very little academic research has focused on this topic. To build theory in this area, this study developed theoretical models of the management practices that typify a sample of rapid-growth and slower-growth entrepreneurial firms. The results of the study indicated that rapid-growth and slower-growth firms differ. Rapid-growth firms tend to organize for the purpose of filling an unfilled need and place a special emphasis on strategic alliances, incentive compensation, and planning. Slower-growth firms tend to organize for the purpose of filling a market niche and place a special emphasis on quality, goal setting, and noncash forms of employee recognition. [PUBLICATION ABSTRACT]
ISSN:1042-6337