dissertation in pdf-format - Aalto-yliopisto

More documents

Recommendations

Info

Aalto University publication series DOCTORAL DISSERTATIONS 26/2013 © Tomi Heimonen ISBN 978-952-60-5020-1 (printed) ISBN 978-952-60-5019-5 (pdf) ISSN-L 1799-4934 ISSN 1799-4934 (printed) ISSN 1799-4942 (pdf) Unigrafia Oy Helsinki 2013 Finland
Author Tomi Heimonen Name of the doctoral dissertation Characteristics of innovative, high growth and highly successful SMEs Publisher School of Business Unit Department of Management and International Business Abstract Aalto University, P.O. Box 11000, FI-00076 Aalto www.aalto.fi Series Aalto University publication series DOCTORAL DISSERTATIONS 26/2013 Field of research Entrepreneurship Abstract This dissertation is based on a series of studies that examine characteristics of innovative, high growth and highly successful small and medium sized enterprises (SMEs). Previous analyses emphasise that innovation and growth are the very essence of successful entrepreneurship. However, despite major investments in attempts to foster innovation, and intensive investigation of relevant factors, the proportions of SMEs that are innovative, rapidly growing and highly successful are marginal. Many entrepreneurs fail, and an examination of relationships between variables, e.g. growth and success, should consider how they are related across their ranges rather than merely at one end of the ranges of the variables. Moreover, very few studies have examined simultaneously the influential factors and relationships among innovation, growth and success. The dissertation consists of anoverview and four appendedarticles that address two key questions. Firstly, what are the relationships (if any) between innovation, growth and the success of firms? Secondly, how could high, innovation-driven growth been supported? These questions were addressed by applying mixed methods, including regression, discriminant analyses, logistic regression and case studies. The data were collected using a purposeful sampling strategy and came from the following sources: 1) the Voitto+ CD-ROM database, from which 567 growing businesses in Finland were identified – 466 in urban and 101 in rural areas; 2) a refined sample from these sets of 348 SMEs, 262 located in urban and 86 in rural areas; 3) a survey of 213 small knowledge-intensive business service firms, 4) detailed examination of five selected HGS SMEs and 5) interviews with key informants of 12 small technology-based knowledge intensive business service firms. The results confirm that there is a positive relationship between innovation and growth, but negative relationships were found between financial success and both growth and innovation. Thus, the concepts of growth and success do not appearto be surrogates.The results also show that successful ventures have no discernible typical characteristics, and HGS firms follow diverse development paths. However, focused strategies and critical events that trigger strategic changes generally precede HGS periods of SMEs. Furthermore, the type of ownership may affect the relative attention paid to maximizing growth and increasing profitability or other parameters of financial success. The results also indicate that current innovation support services are insufficiently flexible to provide the support firms need to meet the challenges that growing innovative firms may face during commercialisation of their technologies and inventions. The investigations also identified several methodological problems that arise when analysing characteristics of HGS SMEs, and possible ways to address them. Keywords Innovation, high growth, high success, SMEs, Finland ISBN (printed) 978-952-60-5020-1 ISBN (pdf) 978-952-60-5019-5 ISSN-L 1799-4934 ISSN (printed) 1799-4934 ISSN (pdf) 1799-4942 Location of publisher Espoo Location of printing Helsinki Year 2013 Pages 202
Page 3: Aalto University publication series
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 18 and 19: 1 Introduction In addition, the dur
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 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?