Growth

The literature does not provide a uniform definition of venture growth or enterprise growth. Growth is seen mostly as a positive phenomenon within the meaning of a positive change in terms of size. It is generally differentiated into two forms, quantitative and qualitative growth. The former may entail growth in terms of turnovers, profit, or number of employees; the latter may be captured in terms of job satisfaction, product quality, or the achievement [Page 225]of objectives from the perspective of the founder. The condition for the realization of growth is that the young venture be a commercially feasible business model with a sufficiently large market potential at its disposal. According to the criterion of degree of cooperation, three basic forms of growth can be distinguished: ...