1887

High-Growth Enterprises

What Governments Can Do to Make a Difference

image of High-Growth Enterprises

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.

English

.

Executive Summary

At a time when policy makers are pooling efforts to restore growth and overcome the global economic and financial crisis, attention goes to those firms that by their extraordinary growth make the largest contribution to net job creation, despite typically representing a tiny proportion of the business population. These firms are called “highgrowth firms” or “high-impact firms” and play an important role in contributing to economic growth. The spectacular success of several well-known new ventures in technological fields, which in little more than a decade jumped from start-ups to top international businesses, has pointed to innovation as a key factor in the high growth of firms. With their presence in the economy considered promising for the creation of more jobs and innovation, interest in high-growth firms has risen among policy makers. The current policy debate is therefore focussing on the factors that can be leveraged and the appropriate policies, if any, needed to create more high-growth firms.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error