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The purpose of this paper is to develop a conceptual framework to explain the firm growth process based on an integration and extension, through empirical research, of Penrose’s theory of the growth of the firm and the resource-based view. Theoretical development within the firm growth literature has been noticeably limited. Firm growth studies use different theoretical bases and what is needed is integration of multiple theories and empirical testing of these to form a new conceptual framework capable of explaining the modern growth process fully.

The key perspectives are critically reviewed and integrated and empirical qualitative research is undertaken analysing the process of growth in two firms. Semi-structured interviews, participant observation and analysis of company documentation are utilised.

The key insight this research provides is detailed information with regard to which resources, mediators and outputs are vital to firm growth, how they need to be developed and why this is the case. The study shows that these act in a cyclical nature to enable firm growth and development.

These findings could be used by practitioners to determine which part of the conceptual framework requires the most amount of improvement and which are developed to an acceptable state, enabling them to make plans for the achievement of growth.

This research is able to reconceptualise two dominant theoretical perspectives resulting in the generation of a new firm growth framework, thereby addressing a distinct gap in the firm growth literature.

Disturbances in terms of major crises such as pandemics, fluctuations in demand and oil price, energy consumption and supply chain can significantly impair the maintenance programs effectiveness and efficiency. Hence, there is an urgent need for an agile asset performance management (AAPM) framework.

This paper's main objective is to design a comprehensive framework for an AAPM system that sustains the desired asset performance by reacting efficiently, quickly and intelligently to the changes in the operating context parameters and asset health conditions. Such a framework is adaptive to changes in scenarios and aims to systematise the decision support process, considering different objectives.

The development of the proposed framework has led to identifying an innovative way of seamless integration between crucial reliability and asset management tools. Also, the methodology implementation is expected to promote the practical use of its reliability tools and enable asset stakeholders to break silo working for clear communication around asset performance.

The implementation of the AAPM framework follows a new approach developed during this research and coined by the authors as the “8S approach.”

Research on high growth firms is booming yet a strong conceptual understanding of how these firms obtain (and sustain) rapid growth remains (at best) partial. The main purpose of this paper is to explore the role founders play in enabling episodes of rapid growth and how they help navigate this process.

This paper reports the findings from a qualitative study involving in-depth interviews with entrepreneurs enlisted onto a publicly funded high growth business accelerator programme in Wales. These interviews explored the causes of the firms rapid growth, their key growth trigger points and the organisational consequences of rapid growth.

The research reveals that periods of high growth are intrinsically and inextricably inter-linked with the entrepreneurial traits and capabilities of their founders coupled with their ability to “sense” and “seize” pivotal growth opportunities. It also demonstrates founder-level dynamic capabilities enable firms to capitalise on pivotal “trigger points” thereby enabling their progression to a new “dynamic state” in a firm’s temporal evolution.

The novel approach towards theory building deployed herein is the use of theoretical elaboration as means of extending important existing theoretical constructs such as growth “trigger points” and founder dynamic capabilities. To capitalise on these trigger points, founders have to undergo a process of “temporal transitioning” to effectively manage and execute the growth process in firms. The work also has important policy implications, underlining the need for more relational forms of support for entrepreneurial founders.

Offshore renewable energy technologies provide many new opportunities for coastal regions around the world, and although the energy policy literature has documented the success stories of many “first mover” regions, there is little guidance for “second mover” or “follower” regions. This paper aims to investigate the strategic challenges faced by coastal regions in the Channel area that are not first movers.

The authors use a multiple case study approach to analyse the behaviour of regional stakeholders when planning and assessing their participation in the renewable energy sector.

The paper reveals the tendency of regional planners to idealise investments in renewable energy. The negative consequences of idealisation are inadequate strategic visions.

The findings are only relevant in the context of the regions that are part of the case study.

The paper illustrates how idealisation of technology or strategy is created and how it impacts strategic decision-making. It also discusses how to address idealisation.

Although much of the energy policy literature discusses the challenge of social acceptance, this paper documents an opposite phenomenon, idealisation. There is a need in the energy sector to find a middle ground between these two extremes.

The paper provides evidence and a theoretical analysis of a decision-making bias, idealisation, which is not discussed in the literature.

Earlier this year, the University of Glamorgan Business School launched a conceptually new postgraduate programme, the Diploma in Entrepreneurial practice (DEP). This is a nine‐month long, full‐time course with selected business graduates undertaking a programme of study based around simulated and real projects to enhance their entrepreneurial skills, knowledge and attitudes. Aims to evaluate the inclusion of “taught” learning within what is fundamentally an action‐learning programme, and to discuss the issues around effective marketing of the DEP to industry and educationalists in Wales. Fundamental to the philosophy underpinning the DEP programme is that elements of entrepreneurship can be learned, and this paper explores the modes of learning entrepreneurship applied in the DEP programme and makes some initial assessment as to the different modes’ applicability on a course of this kind.

Enterprise education has been regularly cited as a tool which can be utilised to not only increase the level of entrepreneurship within an economy, but also the success of those enterprises created. This chapter explores the extent to which participation in enterprise education is associated with the adoption of new technology within new businesses since this is one way that businesses can remain competitive, not only within their own countries, but when competing internationally. Using data from the UK Global Entrepreneurship Monitor (GEM) survey, the study finds evidence that those firms undertaking enterprise education in the form of university-based schemes or government sponsored training programmes are more likely to be using newer technology. However, this relationship is relatively weak, and brings into question whether many enterprise courses offer effective value for money.

The case is supported with a teaching note, discussion questions and suggested responses to those as well as verbatim transcripts from interviews conducted with managers and others for purposes of a research project after the strike had ended. Teaching Notes are available for educators only.

The learning outcomes are as follows: students will be able to critique the approach to collective bargaining of both the company and the union in the case and suggest alternative approaches; identify the steps the company could take to both deal with the aftermath of the strike and develop preventive measures for the future; and advise the company on a series of questions it needs advice on.

A violent strike erupted after failed wage negotiations. It laid bare deep divisions between African and non-African employees and between permanent employees and those appointed as temporary employees only. It also revealed the mindsets of people on both sides of the conflict, as well as several errors made by management in the manner in which they viewed the role of the union and failed to build strong relations with employees on the shop floor.

The case is suitable for students at honours or masters level in conflict studies, dispute resolution, employment relations, human resource management and negotiation.

CSS 6: Human resource management.

Understanding the factors behind successful enterprise policy interventions are critical in ensuring effective programme development. The aim of this paper is to analyse an academic-industry initiative in Sweden developed to support knowledge-intensive businesses in expanding their operations.

This paper describes a case study of a specific policy intervention to facilitate further business growth and development. Since 1986, 490 individuals from 194 companies have attended the Business Development Programme (BDP) organised by Linköping University. Through analysing interviews with participants on the programme, the paper examines the origins and motivations behind its creation, management and development.

This study finds that future policy interventions in enterprise development must cultivate an open style of learning, similar to the principles of open innovation, which engages directly with the participants, is based on a process of informality and flexibility, reflects the needs of the business and includes engaged programme leadership based on a successful entrepreneurial track record.

The programme has succeeded through an informal, flexible and needs-orientated approach that essentially reflects the needs of the participating businesses.

Interventions that are targeted towards supporting established businesses could help to create wealth and employment. However, understanding the factors behind such interventions is critical in ensuring that policymakers design the most relevant programmes to assist support businesses that have the potential to grow.

The purpose of this study is to examine whether being female increases the probability that an individual feels difficulty in obtaining finance is a barrier to starting a business. The study aims to extend this to examine if a pure gender effect exists or whether it is the interaction of gender with demographic, economic and perceptual characteristics that plays the most important role in the perception of financial constraint.

The data within this study are drawn from the Global Entrepreneurship Monitor (GEM) adult population survey between 2005 and 2007. The first stage of the study splits male and female respondents into separate sub‐samples and runs individual regressions on each portion of the sample. The second stage of the study combines the male and female portions of the sample to directly examine the differences in perceived financial constraint between genders.

The findings suggest that a greater proportion of women are solely constrained by financial barriers than their male counterparts. The gender of the respondent was also found to interact with a number of other personal characteristics in a significant manner.

This finding suggests that policymakers should be encouraged to market the availability of start‐up finance from various sources to encourage women to attempt to obtain the necessary finance rather than being discouraged at the first hurdle.

Although actual financial barriers faced by female entrepreneurs have been extensively studied, this is one of the first studies to focus on the concept of perceived financial constraints faced by potential female entrepreneurs.