Affiliation:
1. The University of Wisconsin-Oshkosh, USA
2. The Kauffman Foundation, USA
Abstract
A study of 323 new ventures in Ohio supports Reynolds’ findings of an earlier study in Pennsylvania, namely: firms tend to follow one of four different growth patterns, only one of which includes significant growth; most firms do not experience growth beyond their first year’s sales; and there are no significant correlations between age of the firm and annual sales. The results support a new model of firm growth which empirically invalidates the metamorphic growth model. The study concludes by identifying significant differences in operational and strategic emphases between the development patterns.
Publisher
World Scientific Pub Co Pte Lt
Cited by
3 articles.
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