%0 Journal Article %J Technology Innovation Management Review %D 2016 %T Employment Dynamics of Australian Entrepreneurship: A Management Perspective %A Luke Hendrickson %A Stan Bucifal %A Antonio Balaguer %A David Hansell %K Australia %K creative destruction %K employment %K entrepreneurship %K high growth %K innovation %K management %K productivity %K startup %X This article attempts to draw together the literature on high-growth firms and management capability using Australian Government data from the Expanded Analytical Business Longitudinal Database. We tracked cohorts of new micro-sized firms (startups) over five years from birth. Compared with startups that had a low employment growth trajectory, medium- and high-growth micro-startups exhibited higher financial performance, higher innovation activity, and a greater propensity to seek external (debt or equity) finance. From a management perspective, medium- and high-growth startups were also significantly more likely to monitor and assess their performance across a wider range of performance indicators. High-growth micro-startups exhibited significantly higher operational process and organizational/managerial innovation, a higher likelihood of foreign ownership, and a greater demand for equity finance than medium-growth micro-startups. This data is consistent with other evidence that suggests that sustained high growth comes from superior strategic management and may suggest an ongoing role for government policy in building firm management capability in order to foster employment growth. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 33-40 %8 06/2016 %G eng %U http://timreview.ca/article/995 %N 6 %1 Department of Industry, Innovation and Science (Australia) Luke Hendrickson is Manager of Innovation Research in the Australian Government's Department of Industry, Innovation and Science, where he is focused on innovation and measuring the performance of the national innovation system. He is principally responsible for delivering the Government’s annual Australian Innovation System Report, which is now in its seventh year. Luke’s general work interests are in the areas of productivity and competitiveness and how innovative entrepreneurship drives these outcomes across all sectors of the economy. He also has a particular interest in the economics of complexity, measuring management capability, and business eco-innovation. Luke holds a PhD from the Australian National University in Canberra. %2 Department of Industry, Innovation and Science (Australia) Stan Bucifal is a Researcher in the Australian Government's Department of Industry, Innovation and Science, where he works as a member of the Innovation Research team. His main research interests are in the field of industry policy, productivity, and innovation. He has experience in industry policy development, cost-benefit analysis applied to carbon emission abatement, and conducting research into intangible capital and the geography of innovation. Stan holds a Bachelor’s degree in Business from the Queensland University of Technology, where he majored in Economics and Finance (QUT), and a Master’s degree in Public Policy, specializing in industry strategy, from the Australian National University in Canberra. %3 Department of Industry, Innovation and Science (Australia) Antonio Balaguer is a Researcher in the Australian Government's Department of Industry, Innovation and Science, where he works as a member of the Innovation Research team. His main research interests are in the fields of innovation, management, and technological change. Antonio was initially trained as chemist and holds a PhD in Political Economy and Asian Studies from Murdoch University in Perth, Australia, and a postgraduate diploma in Public Policy from the Australian National University in Canberra. %4 Australian Bureau of Statistics David Hansell is a Researcher with the Australian Bureau of Statistics, where he has worked since 2008. His main research interests include productivity of exiting and entering firms, and characteristics associated with high-productivity firms. David has an Honours degree in Asian history from the Australian National University in Canberra and a Masters of Economics degree from Macquarie University in Sydney. %R http://doi.org/10.22215/timreview/995