Shaping Policy Supporting High-Growth Entrepreneurship: Reflections on EU SME Policy

Robert K. Gruenwald

Published : 2014-03-30

Vol. 5 No. 10 (2014)

Shaping Policy Supporting High-Growth Entrepreneurship: Reflections on EU SME Policy

Robert K. Gruenwald

Section: Thematic Articles

Abstract

The article is a kind of the summary of recent research findings regarding SME growth drivers and success factors. It is based on the literature review concerning the theoretical background and research results on high-growth companies/entrepreneurship and the structure and impact of EU SME policy. There is a lack of substantial evaluation studies of policies for high growth SMEs and a need for specific design of such policies, and need to systemize support in different lifecycle stages with a better understanding of the individual needs and the degree of effects polices and instruments have. A strategic framework has to be developed which defines the main target groups of SMEs to be support. The recent SME research findings presented in the article may deliver a target grid to optimize EU SME policy based on the knowledge about the corporate life-cycle of high-growth companies.

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