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| Author: | Parker, S.C. Storey, D.J. Witteloostuijn, A. van |
| Title: | What happens to gazelles? The importance of dynamic management strategy |
| Journal: | Small business economics
2010 : SEP, VOL. 35:2, p. 203-226 |
| Index terms: | strategic management theories company growth companies United Kingdom |
| Language: | eng |
| Abstract: | The baseline for this study is Gibrat's (hereafter as: G's) law contrasted with strategic management (henceforth as: str-mgmt). Subsequently, this logic is applied to a group of remarkably dynamic high-growth firms: 'gazelles'. Using a new British data set incl. information on more than 100 gazelles, str-mgmt. theory is used to explain several empirical key findings. These findings help explain: 1. why G's law ... does not generally hold, 2. which variables have a predictable influence on firm performance and 3. why routine application of 'best practice' strategies is unlikely to support firm growth in a changing economic environment. |
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