A Multidimensional Model of Venture Growth

Abstract

We drew upon strategic management theory, organizational behavior theory, organization theory, and entrepreneurship models to form an integrated model of venture growth including 17 concepts from five micro and macro research domains. The model was tested with responses from 307 companies from the architectural woodworking industry. CEOs' specific competencies and motivations and firm competitive strategies were direct predictors of venture growth. CEOs' traits and general competencies and the environment had significant indirect effects.