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Modelling Growth Strategy in Small Entrepreneurial Business Organisations

Author

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  • Satyajit Majumdar

    (Satyajit Majumdar is Associate Professor at T. A. Pai Management Institute, Manipal, India.)

Abstract

Growth is understood variously by entrepreneurs, and their attitudes influence the goals and ambitions concerning growth. Their actions in this regard depend on the contextual conditions. In this article a model on growth strategy in small entrepre-neurial organisations is presented and three propositions are made: (1) attitudes and vision of the entrepreneurs drive growth of small organisations, (2) entrepreneurs of small organisations conduct early search for strategic fit in the market and the environment, and (3) entrepreneurs of small organisations persist in their search for better fit in the market. The model reflects strategic and entrepreneurial dimensions of growth. The propositions can be tested in specific industry settings. First, the dimensions of growth as understood by the entrepreneurs should be analysed and then the process of finding a fit between the industry and its market opportunities should be mapped out to arrive at a robust strategy framework.

Suggested Citation

  • Satyajit Majumdar, 2008. "Modelling Growth Strategy in Small Entrepreneurial Business Organisations," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 17(2), pages 157-168, September.
    • Handle: RePEc:sae:jouent:v:17:y:2008:i:2:p:157-168
    DOI: 10.1177/097135570801700204
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    References listed on IDEAS

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    1. Gregory G. Dess & G. T. Lumpkin & J. G. Covin, 1997. "Entrepreneurial strategy making and firm performance: tests of contingency and configurational models," Strategic Management Journal, Wiley Blackwell, vol. 18(9), pages 677-695, October.
    2. Jianwen Liao & Harold Welsch & Michael Stoica, 2003. "Organizational Absorptive Capacity and Responsiveness: An Empirical Investigation of Growth–Oriented SMEs," Entrepreneurship Theory and Practice, , vol. 28(1), pages 63-86, January.
    3. William J. Baumol, 2004. "Entrepreneurial Enterprises, Large Established Firms and Other Components of the Free-Market Growth Machine," Small Business Economics, Springer, vol. 23(1), pages 9-21, August.
    4. Dave Crick & Shiv Chaudhry & Stephen Batstone, 2000. "Revisiting the concentration versus spreading debate as a successful export growth strategy: the case of UK SMEs exporting agricultural-related products," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 12(1), pages 49-67, January.
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    Cited by:

    1. Friederike Wall, 2019. "Emergence of Coordination in Growing Decision-Making Organizations: The Role of Complexity, Search Strategy, and Cost of Effort," Complexity, Hindawi, vol. 2019, pages 1-26, December.
    2. Isidore Ekpe & Razli Che Razak, 2016. "Effect Of Skill Acquisition On Enterprise Creation Among Malaysian Youths," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 40-49, June.

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