University of Oulu

Muhos, M., Kess, P., Phusavat, K., & Sanpanich, S. (2010). Business growth models: review of past 60 years. International Journal of Management and Enterprise Development, 8(3), 296-315.

Business growth models : review of past 60 years

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Author: Muhos, Matti1; Kess, Pekka1; Phusavat, Kongkiti2;
Organizations: 1Department of Industrial Engineering and Management, University of Oulu, P.O. Box 4610, FI-90014, Finland
2International Graduate Program, Department of Industrial Engineering, Faculty of Engineering, Kasetsart University, Bangkok, Thailand
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.3 MB)
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Language: English
Published: Inderscience, 2010
Publish Date: 2021-01-18


This study reviews growth configurations research published over the past 60 years. Numerous configuration models seek to clarify the management priorities in the early growth of companies. However, an extensive review is missing from the literature and the variability of attributes among the models leads to confusion. The study identifies 90 configuration studies, describes the common patterns and trends, and identifies well-covered areas and promising research challenges. This meta-analysis reveals increasing consensus on growth indicators, sharpening focus, increasing context and process specificity, and diversification. Future approaches are encouraged to provide context-specific empirical studies, and to open new viewpoints.

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Series: International journal of management and enterprise development
ISSN: 1468-4330
ISSN-E: 1741-8127
ISSN-L: 1468-4330
Volume: 8
Issue: 3
Pages: 296 - 315
DOI: 10.1504/IJMED.2010.034865
Type of Publication: A1 Journal article – refereed
Field of Science: 512 Business and management
Copyright information: © 2010 InderScience Publishers. The final authenticated version is available online at