Constraints on the Growth of Technology-Based Firms – Perceptions and Effects

Centre for Technology Management (CTM) Working Paper, No. 2007/05

44 Pages Posted: 6 Sep 2011

See all articles by Paul Heffernan

Paul Heffernan

University of Cambridge - Centre for Technology Management

Date Written: September 1, 2007

Abstract

The failure of small firms to grow into large enterprises has been identified as a significant problem for the economy of the UK. This study examines the constraints facing IT firms in the Software and Computing Services sector in particular. Research was undertaken in the form of interviews examining firm attributes and reported constraints. No clear patterns emerged linking specific constraints with patterns of growth, but the importance of effective management was a common theme. Apparent anomalies in the responses at interview direct attention to the important and interesting question of the extent to which the “constraints” on firms’ growth are determined by entrepreneurs’ perceptions and interpretations of their firms and the environments within which they operate.

Keywords: Firm growth, firm attributes, constraints, entrepreneurs, perceptions

JEL Classification: D21, L23, L86, M13

Suggested Citation

Heffernan, Paul, Constraints on the Growth of Technology-Based Firms – Perceptions and Effects (September 1, 2007). Centre for Technology Management (CTM) Working Paper, No. 2007/05, Available at SSRN: https://ssrn.com/abstract=1923091 or http://dx.doi.org/10.2139/ssrn.1923091

Paul Heffernan (Contact Author)

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