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No 273:
The Strategic Management of High-Growth Firms: A Review and Theoretical Conceptualization

Robert Demir (), Karl Wennberg () and Alexander McKelvie ()

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.

Keywords: High-Growth Firms; Strategy; Innovation; Human Capital; HRM; Capabilities; Literature Review; (follow links to similar papers)

JEL-Codes: L25; L26; M13; (follow links to similar papers)

58 pages, September 5, 2016

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