The Early Stages of Growth in Technology- and Service-Based Firms

• Autorzy: Matti Muhos , Martti Saarela , Anna-Mari Simunaniemi , Del Foit , Lada Rasochova
• Języki publikacji: EN

Abstrakty

EN

Many stages of growth models have been introduced to clarify management priorities during the early stages of business growth. However, many of these models are conceptual and universal, providing only limited benefits to specific industries and business contexts. The early stages of technology-based ventures have attracted broad interest, while less attention has been paid to the early stages of service-based firms. However, in recent years, interest in service-based businesses, as well as servitisation, has grown. This literature-based study explores and compares the early stages of growth in service-based and technology-based firms. On one hand, this study condenses the basic characteristics of recent empirical studies on the early stages of technology- and service-based firms. On the other, this study clarifies the central themes, sequential patterns and central differences in the early stages of service- and technology-based firms. This study pinpoints the importance of contextual understanding related to the early stages of business growth and encourages the scholars towards bridging the contextual gaps of this stream of literature. (original abstract)

Słowa kluczowe

EN

Small business; Micro-enterprise; Service enterprise; Technology-based firms

PL

Małe i średnie przedsiębiorstwa; Mikroprzedsiębiorstwo; Przedsiębiorstwo usługowe; Przedsiębiorstwo technologiczne

• Czasopismo: Management and Production Engineering Review
• Rocznik: 2021
• Tom: 12
• Numer: nr 2
• Strony: 3--16

Twórcy

autor

Matti Muhos

• University of Oulu, Finland

autor

Martti Saarela

• University of Oulu, Finland

autor

Anna-Mari Simunaniemi

• University of Oulu, Finland

autor

Del Foit

• University of California San Diego, United States of America

autor

Lada Rasochova

• University of California San Diego, United States of America

Bibliografia

• Abetti, P. (2001). Accelerated growth: helping companies get and stay on the fast track. International Journal of Manufacturing Technology and Management, 3, 1, 15-30.
• Arzeni, S. and Akamatsu, N. (2014). ADB-OECD Study on Enhancing Financial Accessibility for SMEs: Lessons from Recent Crises. OECD, p. 209.
• Auzair, S. (2010). Organisational Life Cycle Stages and Management Control Systems in Service Organisations. International Journal of Business and Management, 5, 11.
• Churchill, N. and Lewis, V. (1983). The five stages of small business growth. Harvard Business Review, 61, 3, 30-50.
• Coase, R. (1995). The Nature of the Firm. Economica, 4, 16, 386-405.
• Cook, T., Cooper, H., Cordray, D., Hartmann, H., Hedges, L., and Light, R. (1992). Meta-analysis for Explanation: A Casebook. Russell Sage Foundation.
• Cooper, H., Hedges, L., and Valentine, J. (2009). The handbook of research synthesis and meta-analysis. 2nd Ed. Russell Sage Foundation.
• Davidsson, P. and Wiklund, J. (2006). Conceptual and empirical challenges in the study of firm growth. In: F. Delmar, J. Wiklund, and P. Davidsson (Eds.), Entrepreneurship and the Growth of Firms (pp. 39-61). Edward Elgar Publishing, United Kingdom.
• Delmar, F., Davidsson, P., and Gartner, W.B. (2003). Arriving at the high-growth firm. Journal of Business Venturing, 18, 2, 189-216.
• Eggers, J., Leahy, K., and Churchill, N. (1994). Stages of small business growth revisited: insights into growth path and leadership/management skills in low- and high-growth companies. In: Frontiers of Entrepreneurship Research, INSEAD. pp. 131-144.
• Empson, L. (2012). Beyond dichotomies: a multi-stage model of governance in professional service firms. In: M. Reihlen and A.Werr (Eds.), Handbook of research on entrepreneurship in professional services (p. 274-294). Edward Elgar Publishing.
• Ferreira, J., Azevedo, S., and Cruz, R. (2011). SME growth in the service sector: A taxonomy combining life-cycle and resource-based theories. The Service Industries Journal, 31, 2, 251-271.
• Filley, A. and Aldag, R. (1980). Organizational growth and types: Lessons from small institutions. Research in Organizational Behavior, 2, 279-321.
• Garengo, P. and Bernardi, G. (2007). Organizational capability in SMEs: Performance measurement as a key system in supporting company development. International Journal of Productivity and Performance Management, 56, 5-6, 518-532.
• Gibrat, R. (1931). Les inégalités économiques, Sirey, Paris.
• Glass, G. (1976). Primary, secondary, and meta-analysis of research. Educational Researcher, 5, 10, 3-8.
• Greiner, L. (1972). Evolution and revolution as organisations grow. Harward Business Review, 50, 4, 37-46.
• Greiner L. and Malernee, J. (2005). Managing growth stages in consulting firms, In: L. Greiner and F. Poulfelt (Eds.), Management Consulting Today and Tomorrow (pp. 456-491). Routledge, New York.
• Hanks, S., Watson, C., and Jansen, E. (1991). Toward a configurational taxonomy of the organization life cycle, In: Hills, G., LaForge, R. (Eds.) Research at the Marketing/Entrepreneurship Interface, University of Illinois Press, Chicago, Illinois.
• Hanks, S. and Chandler, G. (1992). The growth of emerging firms: a theoretical framework and research agenda. The proceedings of 7th Annual National Conference of the United States Association for Small Business and Entrepreneurship. Chicago, United States Association for Small Business and Entrepreneurship.
• Hanks, S., Watson, C., Jansen, E., and Chandler, G. (1994). Tightening the Life-Cycle Construct: A Taxonomic Study of Growth Stage Configurations in High-Technology Organizations. Entrepreneurship: Theory and Practice, 18, 2, 5-29.
• Hanks, S. and Chandler, G. (1994). Patterns of Functional Specialization in Emerging High Tech Firms. Journal of Small Business Management, 32, 2, 23-36.
• Hannan, M. and Freeman, J. (1977). The Population Ecology of Organizations. The American Journal of Sociology, 82, 5, 929-964.
• Hasenfeld, Y., and Schmid, H. (1989). The life cycle of human service organizations: An administrative perspective. Administration in Social Work, 13, 3-4, 243-269.
• Kaulio, M. (2003). Initial conditions or process of development? Critical incidents in the early stages of new ventures. R&D Management, 33, 2, 165-175.
• Kazanjian, R. (1988). Relation of Dominant Problems to Stages of Growth in Technology-Based New Ventures. The Academy of Management Journal, 31, 2, 257-279.
• Kazanjian, R. and Drazin, R. (1990). A stage-contingent model of design and growth for technology based new ventures. Journal of Business Venturing, 5, 3, 137-150.
• Kazanjian, R. and Drazin, R. (1989). An Empirical Test of a Stage of Growth Progression Model. Management Science, 35, 12, 1489-1503.
• Levie, J. and Lichtenstein, B. (2011). A terminal assessment of stages theory: Introducing a dynamic states approach to entrepreneurship. Entrepreneurship Theory and Practice, 34, 2, 317-350.
• Masurel, E. and Van Montfort, K. (2006). Life Cycle Characteristics of Small Professional Service Firms. Journal of Small Business Management, 44, 3, 461-473.
• McCann, J. (1991). Patterns of growth, competitive technology, and financial strategies in young ventures. Journal of Business Venturing, 6, 3, 189-208.
• McClelland, D. (1961). The achieving society, Princeton, N.J., Van Nostrand.
• McKelvie, A. and Wiklund, J. (2010). Advancing firm growth research: A focus on growth mode instead of growth rate. Entrepreneurship Theory and Practice, 34, 2, 261-288.
• Mitra, R. and Pingali, V. (1999). Analysis of Growth Stages in Small Firms: A Case Study of Automobile Ancillaries in India. Journal of Small Business Management, 37, 3, 62-63.
• Muhos, M. (2011). Early stages of technology intensive companies [Doctoral thesis, University of Oulu]. Acta Universitas Ouluensis, vol. C381.
• Muhos, M., Kess, P., Phusavat, K., and Sanpanich, S. (2010). Business growth models: review of past 60 years. International Journal of Management and Enterprise Development, 8, 3, 296-315.
• Muhos, M. (2015). Review of business growth models: methodology and the assumption of determinism. International Journal of Management and Enterprise Development, 14, 4, 288-306.
• Muhos, M., Saarela, M., Savela, H., Hänninen, K., and Jokela, H. (2018). Growth management priorities of technology-based micro-enterprises in a sparsely populated region. Management, 18, 16, 551-565.
• Muhos, M., Simunaniemi, A., Saarela, M., Rasochova, L., and Foit Jr, D. (2017). Early stages of service business - Review and synthesis. International Journal of Management and Enterprise Development, 16, 3, 151-173.
• Muller, P., Julius, J., Herr, D., Kock, L., Peychena, V., and McKlemar, S. (2017). Annual Report on European SMES 2016/2017. Entrepreneurship and SMEs. European Commission, Internal Market, Industry.
• Nelson, R. and Winter, S. (1982). An Evolutionary Theory of Economic Change, Harvard University Press.
• Phelps, R., Adams, R., and Bessant, J. (2007). Life cycles of growing organizations: A review with implications for knowledge and learning. International Journal of Management Reviews, 9, 1, 1-30.
• Penrose, E. (1959). Biological Analogies in the Theory of the Firm. The American Economic Review, 42, 5, 804-819.
• Poutziouris, P., Binks, M., and Bruce, A. (1999). A problem-based phenomenological growth model for small manufacturing firms. Journal of Small Business and Enterprise Development, 6, 2, 139-152.
• Saarela, M. (2020). Growth management of eHealth service start-ups. Doctoral thesis, University of Oulu. Acta Universitatis Ouluensis Series C Technica 754, 2020. Oulu.
• Saarela, M., Kauppila, O., Niinikoski, E., Muhos, M., and Leviäkangas, P. (2015). Public advisory services for early-stage companies in northern sparsely populated area. International Journal of Innovation and Regional Development, 6, 4, 356-375.
• Sandberg, W. and Hofer, C. (1982). A strategic management perspective on the determinants of new venture success. Frontiers of Entrepreneurship Research, 204-237.
• Shepherd, D. and Wiklund, J. (2009). Are we comparing apples with apples or apples with oranges? Appropriateness of knowledge accumulation across growth studies. Entrepreneurship Theory and Practice, 33, 1, 105-123.
• Shim, S., Eastlick, M., and Lotz, S. (2000). Examination of US Hispanic-owned, small retail and service businesses: an organizational life cycle approach. Journal of Retailing and Consumer Services, 7, 1, 19-32.
• Smith, K., Mitchell, T., and Summer, C. (1985). Top Level Management Priorities in Different Stages of the Organizational Life Cycle. The Academy of Management Journal, 28, 4, 799-820.
• Stam, E. (2007). Why Butterflies Don't Leave: Locational Behavior of Entrepreneurial Firms. Economic Geography, 83, 1, 27-50.
• Swiercz, P. and Lydon, S. (2002). Entrepreneurial leadership in high-tech firms: a field study. Leadership & Organization Development Journal, 23, 7, 380-389.
• Teeter, R. and Whelan-Berry, K. (2008). My firm versus our firm: The challenge of change in growing the small professional service firm. Journal of Business Inquiry, 32, 3, 41-52.
• Van de Ven, A., Hudson, R., and Schroeder, D. (1984). Designing New Business Startups: Entrepreneurial, Organizational, and Ecological Considerations. Journal of Management, 10, 1, 87-108.
• Van Tonder, C. and McMullan, L. (2010). Franchisees, change, and the life cycle. In: Proceedings of the 12th annual international conference: Global business and technology association, 5 Jul 2010. pp. 890-902.
• Wiklund, J. (1998). Small Firm Growth and Performance: Entrepreneurship and Beyond.
• Williamson, O. (1975). Markets and hierarchies: analysis and antitrust implications: a study in the economics of internal organization. University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship.
• Witmeur, O. and Fayolle, A. (2011). Developing and testing a typology of growth strategies of entrepreneurial IT service firms, Edward Elgar Publishing, pp. 30-68.

Identyfikatory

DOI

10.24425/mper.2021.137673