Empirical research on high-growth entrepreneurship: a literature review and Latam research agenda

Abstract

Purpose Given the lack of theoretical and empirical research on high-growth entrepreneurs in developed and developing economies; this paper aims to answer, what are the main definitions and typologies used to explain the high-growth phenomenon? How could be described the high-growth entrepreneurs’ life cycle? And what are the main findings and limitations in the empirical research of high-growth entrepreneurship? Design/methodology/approach To advance the study of high-growth entrepreneurship and provide a means through which these advancements can contribute to the understanding of how this phenomenon is defined, the authors organize and review the extant literature based on the foundational definition of entrepreneurship, the typologies used to describe it and the phases of new venture process. The final sample of this methodology consisted of 54 empirical works that explored this issue from 2010 to 2020. Findings This research develops a roadmap on the current state of high-growth entrepreneurship and provides suggestions to guide future research in extending the understanding of this phenomenon. Practical implications The theoretical frameworks developed could be used for both policymakers and entrepreneurs to understand the variables that affect the entrepreneurial life cycle and how they could increase the likelihood of survival of new firms in developed and developing economies. Originality/value The research provides evidence about the definitions and entrepreneurial typologies used to describe the high-growth ventures, bridging unconnected theoretical frameworks and proposing an integrated view to exploring the phenomena in a new setting.

Characteristics of the leaders of social and environmental enterprises in Latin America and the relationship with the success of their businesses

“…In this way, awareness of the importance of entrepreneurship for economic development has increased significantly, especially in Latin American countries, due to job creation, innovation and productivity, among other factors. Entrepreneurship is important for the development of countries because it involves identifying, analyzing and exploiting opportunities to introduce new products and services, organize markets in innovative ways, improve processes and use raw materials in novel ways through organizational efforts that did not exist before (Tautiva, 2022). This will bring economic, social and environmental benefits to the places where they are implemented.…”

“…These leaders motivate people to get involved, inspire creativity and innovation in problem-solving, and empower team members to make decisions, take responsibility and work for positive change (Avolio and Bass, 1991). A good leader also shows empathy and concern for the well-being of employees, which improves morale and job satisfaction (Tautiva, 2022). In addition, Chamola et al (2022) stated that this interest contributes to the creation of trust among external and internal stakeholders, which promotes the achievement of the organization’s goals. Authentic commitment to a social or environmental cause: The inspirational leader communicates the company’s purpose and goals (Maignan and Ferrell, 2004) and keeps all employees emotionally connected to the company.…”