The purpose of this paper is to present preliminary specific issues concerning the vision and the strategic thinking of the managers of Romanian fast growing firms in the years of rapid growth. This ...paper clarifies two research questions. (1) The first research question is what is the message of the manager's vision of the Romanian fast growing firms? Therefore, we must first verify if the managers of the Romanian fast growing firms have a concrete vision about the business they run and if so, what is the vision of the managers about the companies that they lead? (2) The second research question is what findings can be drawn about the role of strategic thinking of the managers in the management of the Romanian fast growing firms? The research that we have conducted is a qualitative research. The research method that we used is the interview. The interview is specific to qualitative research. Regarding the method of analysis that we used it is the content analysis. The research was conducted on a total of 17 Romanian fast growing firms that are located in Timiș County. The firms were identified based on a specific selection criteria set after a thorough review of the literature in the field. The 17 companies that we have analysed represent the foundation of 17 in-depth case studies, which we believe helped us to better understand what it means in the Romanian context to grow fast, through the entrepreneurs managers vision and strategic thinking. The results presented in this paper come to strengthen the results reached by other researchers in this field. The results present an image of the current Romanian context – about the role of strategic thinking of the entrepreneur manager in the management of Romanian fast growing firms. The paper presents a detailed analysis of managers' vision of the Romanian fast growing firms. The paper also presents findings about the role of strategic thinking in helping managers achieve rapid growth in the Romanian context.
This paper presents specific features that enabled certain companies from the Timis County, Romania to grow rapidly during and after the economic crisis. We are convinced that the fast-growing ...companies have specific features which differentiate them from other companies, which is why they should be studied. We consider the fast-growing companies important for the development of the region, as they create job opportunities. The partial results of this ongoing study indicate several specific aspects common to the analyzed companies, such as a powerful vision on the company's future, an early-identified need or opportunity, the delivery of products or services tailored to the customer needs. The 3 lines of business analyzed are transportation and storage, construction works, IT and communication. The content analysis was used in order to analyze the data collected and formulate the findings.
This study presents the relevant factors which allowed some companies from the Timis county, a Western region of Romania, to grow fast before and after 2008. We are considering that fast growing ...companies, defined in this paper, have an important contribution to regional development, especially by creating value and offering new jobs. Our researches done in the last years on fast growing companies from the Western region of Romania, allow us to identify the characteristics of these companies, as well as their best practices, and to set them as examples for companies which want and can grow. The factors which favored the fast growing of these companies are directly related to the entrepreneur-manager (motivations, qualities, skills), management and managerial team, external environment and the managers’ interaction, processes, technology and products and existent leadership – all these, within a period of 3 to 4 years. The companies’ growth processes were analyzed based on the Gibb A. model.
Provider: - Institution: - Data provided by Europeana Collections- Propagační film společnosti Tauber vinařství začíná animovanou sekvencí úsměvně odkazující na dávnou tradici konzumace vína. Poté ...nám film krátce ukazuje vinice, lisování vinných hroznů a pumpování vylisované tekutiny do sudů. Víno dovezené z Francie firmou Tauber vinařství, která sídlila v pražských Vysočanech, je proclíváno, tj. sudy se převažují za asistence celníků. Po dopravení sudů do firemních vinných sklepů je víno přečerpáváno do zdejších obřích cisteren. Sledujeme čištění vnitřních stěn těchto skladovacích tanků. Dělnice drhnou dřevěné sudy, v nichž se víno expeduje. Část produkce je stáčena do lahví, které jsou v přepravkách přistavenými nákladními automobily rozváženy k prodejcům. V areálu společnosti skupina bednářů vyrábí sudy různých velikostí. Film končí celkovým pohledem na provozovnu bratří Tauberů, který zahrnuje i kolejiště usnadňující společnosti přepravu vína po železnici.- A promotion film of the Tauber wine making company starts with a humorous animated sequence referring back to wine consuming traditions. Then the film shortly introduces vineyards, pressing of grapes, and pumping of the pressed liquor to wine barrels. Wine imported from France by the Tauber Company, which was seated in Vysočany, Prague, is cleared through customs, i.e. the barrels are weighed with the presence of customs officers. Then the barrels are transported to the Company's vineyards and pumped into their huge cisterns there. We can watch cleaning of the inside walls of these storing tanks. Women workers are rubbing wooden barrels, in which the produced wine is dispatched. A part of the production is filled into bottles, which are then distributed in crates to individual sellers by lorries. We can also watch a group of barrel makers producing barrels of various sizes on the Company's premises. The film ends up by a final overall view of the Tauber´s Brothers wine making company, offering besides others a view of the railway track used for transportation of wine.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
An unfavorable external environment requires an emphasis shift in economic researches of enterprise development from factors and mechanisms of growth to the analysis of stagnation processes and the ...search for mechanisms to enter the path of growth after stagnation. The purpose of this work is to study the intensity of the processes of stagnation and subsequent renewable growth of enterprises in the context of a wide range of sectors of the Russian economy. Signs of stagnation or drop in sales are revealed for 2013–2017, renewable growth – within 4 years after the stagnation period. The research methods are the calculation of economic coefficients and the identification of differences between them using methods of mathematical statistics. It was found that in an unfavorable external environment, significant proportion of Russian enterprises showed signs of stagnation or drop in sales. Certain advantages are shown by high-tech industries, in which the intensity of business stagnation was lower. The most acute period of the crisis was the period 2013–2016. In 2017, there was an adaptation of business to unfavorable environmental conditions, and the share of stagnating enterprises decreased significantly. Calculations showed that the share of enterprises demonstrating long-term renewable growth was at a low level. It reduces their attractiveness to private investors. The “age” factor can be recommended as a significant criterion for investors when choosing firms for financing: young enterprises are less susceptible to stagnation and more likely to enter the path of growth after stagnation.
This study examines the ways in which firms recover from stagnation or sales decline, with a focus on two key aspects: traditional high-growth companies and growth restarts within the framework of ...organizational life cycle theory. Analyzing a dataset of 1883 Russian firms from 2013 to 2021, this research employs logistic regression to identify factors that promote growth. These factors include the youth of the firm, investment intensity, and significant sales drops during periods of stagnation. The study introduces a new economic category, termed ‘restarting growth’, which signifies a firm’s sustained expansion following an extended period of stagnation. This category is crucial for identifying factors that increase the likelihood of a company transitioning to growth after prolonged stagnation or production downturn. The findings of this study reveal that firms that are younger, invest more intensively in fixed capital, and have experienced a larger sales drop during a period of stagnation are more likely to transition to growth. These results are juxtaposed with the growth factors characteristic of traditional high-growth companies, as well as with the theoretical approaches explaining growth restarts within the framework of organizational life cycle theory. Such distinctions are pivotal both for academic understanding and practical applications in discerning how companies rebound from crises. Moreover, the research identifies several highly significant factors—indicators that can assist investors in selecting promising firms for financing.
This paper investigates the migration flows of uni-corns – private companies that achieve a market value of at least one billion USD within ten years. This concept was recently introduced by ...professional investors but has actively entered the global expert and political agenda. The ability of national innovation systems to grow unicorns has become a new hallmark of success. This study uses the most complete sample of companies as of July 2022 (1,357 unicorns), for each of them we identified the founders, their countries of birth, and the educational institutions they graduated from.Among the main results, it is revealed that 40% of billion-dollar companies were created with the participation of foreign founders. The authors identified three country groups depending on the founders’ migration flows direction: “attracting” unicorns, “growing on their own” and “losing everything”. A comparative analysis of countries’ innovation profiles made it possible to identify the unicorn growth and attraction factors. It is emphasized that universities are a significant resource for both strategies, since most of the founders graduated from the leading world universities and every third foreign entrepreneur was educated in the country of migration. It is shown that the strategy of attracting foreign founders complements the growth strategy and could provide the main flow of unicorn founders. The authors noted that the leading unicorn countries are actively involved in the global migration flow: they not only attract the founders, but also act as their largest suppliers. The authors put forward recommendations for attracting unicorn companies.
Today, the majority of developed jurisdictions vigorously provide instruments for the focused support of the economic sectors and companies, which are able to give a significant positive effect for ...the whole economy in the nearest perspective. It is particularly true for the fastest-growing companies, which operate in the tech sectors i.e. technology-based gazelle companies. Such companies manufacture unique products, creates new job places for highly qualified staff and intensively export their tech solutions worldwide. Despite overall reduction of the earnings, some technology-based companies demonstrate outstanding flexibility in searching for the new opportunities and markets in the context of COVID-19 pandemic. However, the majority of technologybased gazelle companies rapidly grow out of the thresholds for the small and medium enterprises. In turn, these companies get into the “death valley” in the absence of the focused instruments of the governmental support. At the same time, complex governmental support in the spheres of tax, financing and procurement is able to promote achievement by the certain technology-based gazelle companies of their potential and make them “unicorn” companies with market value over USD 1 billion and even world leaders in their technology sectors. That, in turn, will give a chance for the growth of the Russian economy even in the context of the fall of the prices on energy resources. This article proposes complex and the most relevant measures of the state support for the technology-based gazelle companies, taking into account the foreign experience and Russian peculiarities.
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The article examines the institutional barriers for fast-growing companies in the sectoral and regional markets of Russia. The use of rank-dimensional analysis is substantiated to determine the ...zone of distortion of the competitive behavior of companies and to identify barriers to entry into a privileged part of the market. The differences in the distributions of companies by their size are assessed and examples of industries in the Russian economy where a group of leaders have formed, up to 10 companies that “close” their part of the market from applicant companies, as well as industries in which such a group of leaders has not yet formed, are identified. It is shown how the growth of fast-growing companies is inhibited as they approach barriers. The hypothesis about the possibility of using rank analysis for diagnosing industries for their monopolization, as well as identifying areas for potential support of fast-growing innovative companies and forecasting/supporting the emergence of regional “champions” is confirmed. Sector-specific assessments and recommendations are provided.
This paper examines the relation between the company’s age and its growth and analyses the influence of age on growth by studying a specific group of companies, namely fast-growing companies from the ...Timis County, Romania. We have studied the performance of the fast-growing companies in the period of 2010-2013 using the STATA IC 12 software application. A linear regression analysis model with two variables was used. The dependent variable used was the rapid growth of the company, measured by the growth rate of the turnover and the independent variable used was the age of the company, measured by the number of years. The model was tested using the number of employees as a control variable. This paper’s conclusion is in agreement with many other findings from the literature in this subject. The presented results show that the turnover growth rates in the Romanian fast-growing companies tend to drop from one year to another, as the companies grow older.
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