@article {553,
	title = {Categorizing the Growth Strategies of Small Firms},
	journal = {Technology Innovation Management Review},
	volume = {2},
	year = {2012},
	month = {05/2012},
	pages = {5-9},
	publisher = {Talent First Network},
	address = {Ottawa},
	abstract = {This study investigates the link between a small firm{\textquoteright}s investment in R\&D and its growth strategy. A firm{\textquoteright}s growth strategy refers to the means by which the organization plans to achieve its objective to grow in volume and turnover. We categorize firm growth strategies into eight distinctive clusters: opportunity explorers, radical innovators, business developers, business expanders, profit makers, business rebuilders, stagnators, and downsizers. We argue that understanding a firm{\textquoteright}s growth orientation provides a way to assess the returns of its R\&D investments, because an organization{\textquoteright}s intangible growth strategies and tangible inputs are connected.  },
	keywords = {growth orientation, growth strategies, R\&D investment, technology entrepreneurship},
	issn = {1927-0321},
	doi = {http://doi.org/10.22215/timreview/553},
	url = {http://timreview.ca/article/553},
	author = {Seppo Leminen and Mika Westerlund}
}
