High-Growth Enterprises
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High-Growth Enterprises

What Governments Can Do to Make a Difference

The spectacular success of several well-known new ventures in technological fields, which in little more than a decade have jumped from the state of start-ups to that of top international businesses, has pointed to innovation as a key factor in the high growth of firms.  These high-growth enterprises often drive job creation and innovation, so policy makers are increasingly making such companies a key focus. Specifically, how can government policy foster the creation of more high-growth enterprises; what are the growth factors, and how can they be leveraged; what are the appropriate ways to provide such support?

To help answer these questions, this report presents findings from two new research studies: (1) reports from 15 countries (Australia, Brazil, Canada, Chile, Czech Republic, Finland, France, Italy, Japan, Mexico, Netherlands, Portugal, Spain, Switzerland and Tunisia) that provide interesting insights into the operations of and challenges faced by high-growth enterprises; (2) a policy survey by the OECD Working Party on SMEs and Entrepreneurship, which reviewed more than 340 programmes that policy makers in 24 countries have put in place to support the growth of enterprises. 

Some of this report’s findings may surprise: any firm can be a growth company; growth is almost always a temporary phase; high-growth small firms are funded mostly by debt, not equity. These and many more insights are summarised and analysed, providing policy makers with ideas on how to power growth at the firm level.

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Publication Date :
03 Nov 2010
DOI :
10.1787/9789264048782-en
 
Chapter
 

High-growth SMEs in Latin America's service sector: Six case studies You do not have access to this content

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Author(s):
OECD, Juan Llisterri, Jaime GarcĂ­a-Alba
Pages :
83–99
DOI :
10.1787/9789264048782-6-en

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This chapter analyses six case studies of high growth and innovative SMEs in the service sector in three Latin American countries (Brazil, Chile and Mexico). The investigation addresses the five central themes studied in the overall HGSME project (i.e. innovation, business practices, networking patterns, financing and the use of intellectual assets). The authors found that there are some common traits influencing the success of the studied SMEs: business relationships with large firms; previous international experiences of the entrepreneurs; and knowledge customisation and adaptation of global businesses to local markets. The study also analyses the environment for entrepreneurship in Latin America, the main characteristics of dynamic entrepreneurship in the region, and puts forward policy recommendations.