dissertation in pdf-format - Aalto-yliopisto

More documents

Recommendations

Info

1 Introduction In addition, the duration of IHGS periods is far from certain, and indeed may vary substantially among firms, thus future research should focus on longer-term perspectives of business change and take into account the uncertainties and probable discontinuity of variables. Previous high performance studies have mostly used time-spans of one to five years (Parker et al., 2010; Steffens et al., 2009), but these arbitrary periods may fail to capture important longer or shorter term trends or events. Further, there is a need for statistical methods that are more appropriate for handling the data, especially methods that are consistent with rigorously tested assumptions about the nature of entrepreneurial markets and high performance businesses. A robust basis for high performance entrepreneurship and entrepreneurial firm research requires more longitudinal field research, including both quantitative and in-depth longitudinal case studies and use of mixed approaches, incorporating analyses of both behavioural and management issues (Birch, 1987; Bygrave, 2006; Richard et al., 2009). More detailed understanding of empirically confirmed characteristics of high performance entrepreneurial firms and their entrepreneurs is also required to understand and support the creation of innovation, growth and success, locally and globally. As Rae and Frith (2007) pointed out, future venture development programmes designed to assist firms to achieve high performance should reflect the particular composition of businesses within the specific context. Fisher and Reuber (2003) recommended that such programmes, offered by local government policy officers and external resource providers, for example, should be designed and organised by utilizing network-based approaches to support the rapid growth and success of firms. Most previous entrepreneurship studies have analysed innovation, growth and success separately. Moreover, numerous studies have analysed overall growth, without combining different growth and success perspectives, or attempting to identify factors that may be linked particularly strongly to both high growth and high success. Therefore, the objective of the investigations underlying this dissertation (described in Articles I-IV) was to fill some gaps in prior understanding of the links (if any) between innovation, high growth and high success of SMEs. For this reason, innovation, growth, success and the factors influencing these performance indicators have been analysed simultaneously. Linear regression approaches have been applied in most attempts to model the examined phenomena, without critically considering their possible (or probable) shortcomings for addressing the interactive effects of innovation, growth and success, or the uncertainties and discontinuities 8
9 1 Introduction usually present in growth and success data. Thus, in order to understand the in-depth discontinuities and uncertainties characterising the development of innovative, high growth and highly successful ventures both more appropriate, non-linear quantitative evaluations and qualitative assessments should be included in the analyses. Further, to address the innovation paradox and assist firms to profit from innovations more robustly there is a need to develop further ideas and concepts to improve support for innovation-driven high growth. In the studies this thesis is based upon attempts have been made to meet these objectives by examining the suitability of various statistical techniques, and assessing the possible needs and requirements of growing innovative ventures and their prior experiences of using innovation-supporting services. 1.2 Research aims, objectives and questions The aims of the studies this thesis is based upon were to examine: characteristics of innovative, high growth and highly successful SMEs; requirements to support innovation-driven, rapidly growing SMEs; and relationships between innovation, growth and the success of SMEs. The main research questions addressed are: What are the relationships between innovation, growth and success of firms? How could high innovation-driven growth be supported? More specific questions are: How do age, location, size, success and public R&D funding affect the innovativeness of growing ventures? What are the characteristics of high growth and highly successful (HGS) firms and what factors are linked to both growth and success? Are high growth and high success surrogate concepts? What methodological challenges may arise when studying HGS SMEs? What kinds of factors may influence the development of HGS SMEs? How could regional innovation support services be enhanced to foster growth of innovative ventures? To achieve the defined research objectives and address the research questions, relationships between innovation, growth and the success of firms in Finland, and the role of services intended to support innovationdriven high growth, have been analysed. The framework of the studies is presented in Figure 1.
Page 3 and 4: Aalto University publication series
Page 5: Author Tomi Heimonen Name of the do
Page 9 and 10: Acknowledgements This dissertation
Page 11 and 12: CONTENTS PART 1: Overview of the di
Page 13: List of Articles This thesis is bas
Page 16 and 17: 1 Introduction Some scholars claim
Page 20 and 21: 1 Introduction Figure 1: Framework
Page 22 and 23: 1 Introduction factors that affect
Page 24 and 25: 1 Introduction 1.4 Key concepts and
Page 26 and 27: 2 Literature review and conceptual
Page 46 and 47: 3 Research methodology Constructivi
Page 48 and 49: 3 Research methodology and the meth
Page 50 and 51: 3 Research methodology The data use
Page 52 and 53: 3 Research methodology 3.4 Models a
Page 54 and 55: 3 Research methodology reliable. Se
Page 56 and 57: 3 Research methodology concluded th
Page 58 and 59: 4 Results, evaluation of the studie
Page 68 and 69:
4 Results, evaluation of the studie
Page 70 and 71:
References Abetti, P. A. (2001). Ac
Page 72 and 73:
References Bhide, A. (2000). The or
Page 74 and 75:
References Creswell, J. W. (2003).
Page 76 and 77:
References Golafshani, N. (2003). U
Page 78 and 79:
References Leitch, C., Hill, F., an
Page 80 and 81:
References Pellikka, J. and Laurone
Page 82 and 83:
References Storper, M. (1992). The
Page 84 and 85:
Appendixes Overview: Appendix 1: Ke
Page 86 and 87:
Appendixes High growth When examini
Page 88 and 89:
Appendixes profitability, liquidity
Page 90 and 91:
Appendixes Appendix 1 Continued (Ke
Page 92 and 93:
Appendixes Appendix 2 Construction
Page 94 and 95:
Appendixes Appendix 2 Continued (Co
Page 96 and 97:
not increased compared to Eastern F
Page 98 and 99:
___________________________________
Page 100 and 101:
propensity for risk taking (Covin a
Page 102 and 103:
2. Former studies and derivation of
Page 104 and 105:
firm’s annual sales growth (Arund
Page 106 and 107:
H4. Firm success has an impact on t
Page 108 and 109:
other branches in which employment
Page 110 and 111:
and Rao, 2008). Because of the unev
Page 112 and 113:
Table 1. Characteristics of the dat
Page 114 and 115:
firms from other firms. The data in
Page 116 and 117:
Table 2. Logistic Regression analys
Page 118 and 119:
Public R&D funding was shown to inc
Page 120 and 121:
References Achtenhagen, L., Naldi,
Page 122 and 123:
Kanter, R. (1985), “Supporting in
Page 124 and 125:
Appendix 1. Corporate population ch
Page 126 and 127:
Appendix 3. Distribution of personn
Page 128 and 129:
12 Int. J. Business and Globalisati
Page 130 and 131:
14 T. Heimonen and M. Virtanen we u
Page 132 and 133:
16 T. Heimonen and M. Virtanen suff
Page 134 and 135:
18 T. Heimonen and M. Virtanen Glan
Page 136 and 137:
20 T. Heimonen and M. Virtanen 3.2.
Page 138 and 139:
22 T. Heimonen and M. Virtanen diff
Page 140 and 141:
24 T. Heimonen and M. Virtanen sepa
Page 142 and 143:
26 T. Heimonen and M. Virtanen Tabl
Page 144 and 145:
28 T. Heimonen and M. Virtanen All
Page 146 and 147:
30 T. Heimonen and M. Virtanen 5.2
Page 148 and 149:
32 T. Heimonen and M. Virtanen Tabl
Page 150 and 151:
34 T. Heimonen and M. Virtanen The
Page 152 and 153:
36 T. Heimonen and M. Virtanen Davi
Page 154 and 155:
38 T. Heimonen and M. Virtanen Appe
Page 156 and 157:
40 T. Heimonen and M. Virtanen 100
Page 158 and 159:
___________________________________
Page 160 and 161:
412 M. Virtanen and T. Heimonen “
Page 162 and 163:
414 M. Virtanen and T. Heimonen gro
Page 164 and 165:
416 M. Virtanen and T. Heimonen 6 f
Page 166 and 167:
418 M. Virtanen and T. Heimonen Fig
Page 168 and 169:
420 M. Virtanen and T. Heimonen The
Page 170 and 171:
422 M. Virtanen and T. Heimonen the
Page 172 and 173:
424 M. Virtanen and T. Heimonen 4.6
Page 174 and 175:
426 M. Virtanen and T. Heimonen exc
Page 176 and 177:
428 M. Virtanen and T. Heimonen Dav
Page 178 and 179:
430 M. Virtanen and T. Heimonen The
Page 180 and 181:
432 M. Virtanen and T. Heimonen Cha
Page 182 and 183:
392 Int. J. Entrepreneurial Venturi
Page 184 and 185:
394 J. Siikonen et al. firms’ gro
Page 186 and 187:
396 J. Siikonen et al. generally re
Page 188 and 189:
398 J. Siikonen et al. determinants
Page 190 and 191:
400 J. Siikonen et al. 3.1 National
Page 192 and 193:
402 J. Siikonen et al. 2 the firm
Page 194 and 195:
404 J. Siikonen et al. 4 Results 4.
Page 196 and 197:
406 J. Siikonen et al. innovation a
Page 198 and 199:
408 J. Siikonen et al. the responde
Page 200 and 201:
410 J. Siikonen et al. activities i
Page 202 and 203:
412 J. Siikonen et al. Eastern Finl
Page 204 and 205:
414 J. Siikonen et al. Delmar, F.,
Page 206 and 207:
416 J. Siikonen et al. Oerlemans, L
Page 208 and 209:
418 J. Siikonen et al. Appendix 1 V
Page 211:
9HSTFMG*afacab+
show all

dissertation in pdf-format - Aalto-yliopisto

Create successful ePaper yourself

Delete template?

Save as template?