ESC
Web of Science
Entrepreneurship and Sustainability Issues Open Access Q1
Scopus - coverage starting with 2017 material
Received: 2017-05-20  |  Accepted: 2017-12-15  |  Published: 2018-03-30

Title

Innovation activities of gazelles in business services as a factor of sustainable growth in the Slovak Republic


Abstract

Gazelles create greater share of new jobs in comparison with other businesses operating on the market. These are young businesses of various sizes, but mainly small businesses. They generate a high rate of growth of production within a short time, which is based on the use of innovation, they are also the bearers of innovation. They are characterized by effective use of creativity and human resource capacities. They may be found in all sectors of economy, but to the greatest extent in the services sector and within that sector mainly in business services characterized by high knowledge intensity, high dynamics and continuous growth in employment. Gazelles of business services in the Slovak Republic intensively use all types of innovation. Management ability to optimize innovative processes according to needs of the enterprise seems to be of importance. Human resources and performance is considered to be the most important area of innovation influence. With its innovative activity they act as the accelerator of economy and changes in the thinking and culture of both enterprises, as well as the whole company toward sustainable growth.


Keywords

innovation, gazelles, fast-growing companies, business services, knowledge-intensive services, performances, sustainable growth


JEL classifications

O31 , L20


URI

http://jssidoi.org/jesi/article/159


DOI


HAL


Pages

452-466


Funding

Grant project of the Ministry of Education, Science, Research and Sport of the Slovak Republic KEGA 027EU-4/2016 Textbook Business Fundamentals. Project period: 2016-2017

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Benešová, Dana
University of Economics in Bratislava, Bratislava, Slovakia https://euba.sk
Articles by this author in: CrossRef |  Google Scholar

Kubičková, Viera
University of Economics in Bratislava, Bratislava, Slovakia https://euba.sk
Articles by this author in: CrossRef |  Google Scholar

Michálková, Anna
University of Economics in Bratislava, Bratislava, Slovakia https://euba.sk
Articles by this author in: CrossRef |  Google Scholar

Krošláková, Monika
University of Economics in Bratislava, Bratislava, Slovakia https://euba.sk
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

3


Issue date

March 2018


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 887  |  PDF downloads: 458

References


Aslesen, H. W.; Isaksen, A. 2007. New Perspectives on knowledge-intensive services and innovation, Geografiska Annaler: Series B, Human Geography 89: 45–58. https://doi.org/10.1111/j.1468-0467.2007.00259.x

Search via ReFindit


Barnard, P.; Fischer, E.; Reuber, R.; Rumald, R. 1998. Elusive Gazelles. Finding Them and Helping Them Grow. Summary of a think tank organised by Fulcrum Partners.

Search via ReFindit


Becchetti, L.; Trovato, G. 2002. The determinants of growth for small and medium sized firms. The role of the availability of external finance, Small Business Economics 19(4): 291–302. https://art.torvergata.it/retrieve/handle/2108/163/4749/148.pdf

Search via ReFindit


Bessant, J.; Tidd, J. 2011. Innovation and Entrepreneurship. 2nd ed. Chichester: John Wiley & Sons.

Search via ReFindit


Birch, D. L. 1979. The Job Generation Process. MIT Program on Neighborhood and Regional Change. Cambridge, MA: Massachusetts Institute of Technology.

Search via ReFindit


Birch, D. L.; Haggerty, A.; Parsons, W. 1997. Who's Creating Jobs? Hot Industries. Cambridge, Massachutts, MA: Cognetics Inc.

Search via ReFindit


Brynjolfsson, E. 1993. The productivity paradox of information technology, Communications of the ACM 36(12): 66-77. http://ccs.mit.edu/papers/CCSWP130/ccswp130.html

Search via ReFindit


Canab, P. 1998. What´s a Gazelle? The Economic Development Marketing Letter 28. February 1998 1(2) Special Edition. Available on the Internet: http://www.blanecanada.com/pdf/WhatsAGazelle.pdf

Search via ReFindit


Capelleras, J. L.; Greene, F. J. 2008. The determinants and growth implications of venture creation speed, Entrepreneurship and Regional Development 20(4): 317–343. https://doi.org/10.1080/08985620701855683

Search via ReFindit


Coad, A. 2009. The Growth of Firms: A Survey of Theories and Empirical Evidence. Cheltenham: Edward Elgar.

Search via ReFindit


Cooper, R. G.; Kleinschmidt, E. J. 1995. Benchmarking the firm’s critical success factors in new product development, Journal of Product Innovation Management 12: 374-391.

Search via ReFindit


Cunneen, D. J.; Meredith, G. G. 2007. Entrepreneurial Founding Activities that Create Gazelles, Small Enterprise Research, Taylor & Francis Online 15(1): 39-59. https://doi.org/10.1080/13215906.2007.11005831

Search via ReFindit


Czarnitzki, D.; Spielkamp, A. 2003. Business services in Germany: bridges for innovation, The Service Industries Journal 23(2): 1–30. https://doi.org/10.1080/02642060412331300862

Search via ReFindit


De Jong, J.; Marsili, O. 2006. The fruit flies of innovations: A taxonomy of innovative small firms, Research Policy 35(2): 213–229. https://doi.org/10.1016/j.respol.2005.09.007

Search via ReFindit


Dobbs, M.; Hamilton, R. T. 2007. Small business growth: recent evidence and new directions.International, Journal of Entrepreneurial Behaviour & Research 13(5): 296–322. https://doi.org/10.1108/13552550710780885

Search via ReFindit


Drieniková, K.; Kašťáková, E. 2016. Význam krajín spoločenstva nezávislých štátov pre strategické rozvojové zámery EÚ [The importance of the Commonwealth of Independent States for the EU's strategic development goals]. Bratislava: EKONÓM.

Search via ReFindit


Eurostat – OECD. 2007. Manual on Business Demography Statistics. Luxembourg: Office for Official Publications of the European Communities. Available on the Internet: . http://ec.europa.eu/eurostat/documents/3859598/5901585/KS-RA-07-010-EN.PDF/290a71ec-7a71-43be-909b-08ea6bcdc521?version=1.0

Search via ReFindit


Froehle, C. M.; Roth, A. V. 2004. New measurement scales for evaluating perceptions of the technology-mediated customer service experience, Journal of Operations Management 22 (1): 1–21. https://doi.org/10.1016/j.jom.2003.12.004

Search via ReFindit


Fuller, J.; Matzler, K. 2007. Virtual product experience and customer participation – A chance for customer-centred, really new products, Technovation 27(6): 378–387. https://doi.org/10.1016/j.technovation.2006.09.005

Search via ReFindit


Grundström, Ch.; Sjöström, R.; Uddemberg, A.; Rönnbäck, A. 2012. Fast-Growing SMEs and the Role of Innovation, International Journal of Innovation Management 16(3): 1240003-1-1. Available on the Internet: . https://www.iei.liu.se/indek/utbildning/industriell-ekonomi/teie06/lastips/1.527751/Christinaetal-Fast-growingSMEsandtheroleofinnovation.pdf

Search via ReFindit


Haataja, M.; Okkonen, J. 2004. Competitiveness of Knowledge Intensive Services.

Search via ReFindit


Henrekson, M.; Johansson, D. 2010. Firm growth, institutions and structural transformation, in Fritsch, M. Handbook of research on entrepreneurship and regional development: National and regional perspectives. New York: Edwar Elgar.

Search via ReFindit


Hertog, P. 2000. Knowledge-intensive Business Services as co-producers of innovation, International Journal of Innovation Management 4: 481–528.

Search via ReFindit


Hilkevics, S.; Hilkevica, G. 2017. New information technologies use for Latvian stock companies financial health evaluation, Entrepreneurship and Sustainability Issues 5(2): 178-189. https://doi.org/10.9770/jesi.2017.5.2(1)

Search via ReFindit


Hipp, Ch. 1999. Knowledge-intensive business services in the new mode of knowledge production, AI & Society 13: 88–106.

Search via ReFindit


Koch, A.; Strotmann, H. 2008. Absorptive capacity and innovation in the knowledge-intensive business service sector, Economics of Innovation and New Technology 17(6): 511–531. https://doi.org/10.1080/10438590701222987

Search via ReFindit


Krošláková, M.; Kubičková, V.; Jurkovičová, L.; Kubiniy, N. 2015. Dynamics of high growth enterprises - "gazelles" - in Czech Republic, Business Perspectives 13( 2): 27–35. Available on the Internet: http://businessperspectives.org/journals_free/ppm/2015/PPM_2015_02_Kroslakova.pdf

Search via ReFindit


Kuo, D. C. L.; Chao, CH. Y. 2014. Exploring the relationships amongst patterns, information technology, and performance in SME-based service innovation, International Journal of Electronic Business Management 12(2): 102–111. https://pdfs.semanticscholar.org/efcc/0bb097f8598d3192c083086433d7a6b12dd3.pdf

Search via ReFindit


Laforet, S. 2010. Managing Brands — A Contemporary Perspective. Maidenhead: McGraw-Hill.

Search via ReFindit


Luhn, A.; Aslanyan, S.; Leopoldseder, C.; Priess, P. 2017. An evaluation of knowledge management system's components and its financial and non-financial implications, Entrepreneurship and Sustainability Issues 5(2): 315-329. https://doi.org/10.9770/jesi.2017.5.2(11)

Search via ReFindit


Mason, G.; Bishop, K.; Robinson, C. 2009. Business growth and innovation: The wider impact of rapidly-growing firms in UK city-regions. London: NESTA.

Search via ReFindit


Miles, I. at al. 1995. Knowledge-Intensive Business Services: Users, Carriers and Sources of Innovation. EIMS Publication

Search via ReFindit


Moreno, A. M.; Casillas, J. C. 2000. High-growth enterprises (gazelles): a conceptual framework. Stockholm, SE: Paper presented at the International Conference of the European Academy of Management (EURAM). Available on the Internet: . https://www.researchgate.net/publication/228926656_High-growth_enterprises_Gazelles_A_conceptual_framework

Search via ReFindit


Moreno, A. M.; Casillas, J. C. 2007. High-growth SMEs versus non-high-growth SMEs: a discriminant analysis, Entrepreneurship and Regional Development 19(1): 69–88. https://doi.org/10.1080/08985620601002162

Search via ReFindit


Newey, L. 2010. Wearing different hats: How absorptive capacity differs in open innovation, International Journal of Innovation Management 14 (4): 703–731. https://doi.org/10.1142/S1363919610002830

Search via ReFindit


OECD. 2012. Entrepreneurship at a Glance 2012. Paris: OECD Publishing. Available on the Internet: https://doi.org/10.1787/entrepreneur_aag-2012-en

Search via ReFindit


OECD. 2013. Entrepreneurship at a Glance 2013. Paris: OECD Publishing. Available on the Internet: http://www.oecd-ilibrary.org/industry-and-services/enterpreneurshio-at-a-glance-2013_entrepreneur_aag-2013-en

Search via ReFindit


OECD. 2015. Entrepreneurship at a Glance 2015. Paris: OECD Publishing. Available on the Internet: https://doi.org/10.1787/entrepreneur_aag-2015-en

Search via ReFindit


Ortega–Agilés R. at al. 2009. R&D Intensive SMEs in Europe: What do we know about them?, IPTS Working Paper On Corporate R&D and Innovation. No.15.

Search via ReFindit


Raymond, L.; S t-Pierre, J. 2010. R&D as a determinant of innovation in manufacturing SMEs: An attempt at empirical clarification, Technovation 30(1): 48–56. https://doi.org/10.1016/j.technovation.2009.05.005

Search via ReFindit


Solow, R. M. 1987. We’d better watch out. New York: Times Book Review.

Search via ReFindit


Stone, A.; Badawy, T. L. 2011. SME Innovators and Gazelles in MENA – Educate, train, certify, compete!. World Bank. Available on the Internet: . https://openknowledge.worldbank.org/bitstream/handle/10986/10867/645020BRI0MENA00Box0361538B0PUBLIC0.pdf?sequence=1

Search via ReFindit


Storey, D. J.; Greene, F. J. 2010. Small Business and Entrepreneurship. Harlow: Pearson Education Limited.

Search via ReFindit


Strerlacchini, A. 1999. Do innovative activities matter to small firms in non-R&D intensive industries?, Research Policy, 28: 819–832.

Search via ReFindit


Toivonen, M. 2004. Foresight in services: possibilities and special challenges, The Service Industries Journal, 24(1): 79–98. https://doi.org/10.1080/02642060412331301142

Search via ReFindit


Tomlinson, M. 1999. The learning economy and embodied knowledge flows in Great Britain, Journal of Evolutionary Economics 9(4): 431–451. https://link.springer.com/article/10.1007/s001910050090

Search via ReFindit


Verhees, F. J. H. M.; Meulenberg, M. T. G. 2004. Market orientation, innovativeness, product innovation, and performance in small firms, Journal of Small Business Management 42(2): 134–154. https://doi.org/10.1111/j.1540-627X.2004.00102.x

Search via ReFindit


Wilson, D. 1993. Assessing the impact of information technology on organizational performance. in Banker, R.; Kauffman, R.; Mahmood, M. A. (Ed.). Strategic Information Technology Management. Harrisburg, PA: Idea Group.

Search via ReFindit


Wilson, D. 1995. IT investment and its productivity effects: An organizational sociologist’s perspective on direction for future research, Economic Innovation and New Technology 4(3): 235–251. https://doi.org/10.1080/10438599500000005

Search via ReFindit