Demir, Robert and Wennberg, Karl and McKelvie, Alexander (2017) The strategic management of high-growth firms : a review and theoretical conceptualization. Long Range Planning, 50 (4). pp. 431-456. ISSN 0024-6301
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Abstract
Scholars' knowledge of the factors behind high-growth firms remains fragmented. This paper provides a systematic review of the empirical literature concerning high-growth firms with a focus on the strategic aspects contributing to growth. Based on our review of 39 articles, we identify five drivers of high growth: human capital, strategy, human resource management, innovation, and capabilities. These drivers are combined to develop a conceptual model of high-growth firms that includes potential contingency factors among the five drivers. We also propose a research agenda to deepen the study of high-growth firms in strategic management.