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The phenomenon of enterprise growth is more a function of the
nature of the entrepreneurial person and the policies and
strategies adopted by a venture rather than the economic and
environmental factors such as profitability or industry growth.
This book focuses on the role of founder characteristics and
venture policies in promoting enterprise-growth, with special focus
on High Growth Enterprises. The research reported in this book is
triggered by the that almost 95% of business start-ups either get
closed down or stagnate, with only about 5% taking to a growth
path, even though many more of them are profitable. The study
presented in the book investigates the relationships between
enterprise growth and venture policies as well as entrepreneurial
characteristics such as the traits, motives and background of
entrepreneurs. It also identifies the general entrepreneurial
characteristics and points to the need for reviewing/redefining
some of the concepts traditionally associated with
entrepreneurship, such as achievement motive, power motive, desire
for independence, risk-taking ability, support and encouragement,
etc.
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