Entrepreneurial Businesses Growth

  • Robert D. Hisrich
  • Veland Ramadani
Part of the Springer Texts in Business and Economics book series (STBE)


This chapter focuses on the most important aspect of growing the entrepreneurial businesses by first looking at identifying the main factors that influence the growth followed by the discussion of the main perspectives of growth. Characteristics of fast-growing companies and management actions enabling growth are then discussed along with four major growth strategies—market penetration, market development, product development and diversification. The chapter concludes with a presentation of some exit options from a company.


Culture Development strategy Diversification strategy Employee stock ownership plan Exit Fast-growing companies Growth Harvesting Life cycle Management-by-in Management-by-out Market development strategy Market penetration strategy Strategy 


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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Robert D. Hisrich
    • 1
  • Veland Ramadani
    • 2
  1. 1.College of Business Administration Kent State UniversityKentUSA
  2. 2.Faculty of Business and EconomicsSouth-East European UniversityTetovoMacedonia

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