Examining the Relations between Firm’s Growth and the Growth of Technological Capabilities in the Aerospace Industry: What are the Characteristics of High-Growth Knowledge based Firms?

Authors

1 Assistant Professor, Graduate School of Management and Economics, Sharif University of Technology, Tehran, Iran

2 Student of MBA Graduate School of Management and Economics Sharif University of Technology Tehran Iran

Abstract

Examining the Relations between Firms Growth and the Growth of Technological Capabilities in the Aerospace Industry What are the Characteristics of HighGrowth Knowledge based FirmsEbrahim Souzanchi KashaniSina Kamjoo Bagheri Ali Anvari Assistant Professor Graduate School of Management and Economics Sharif University of Technology Tehran Iran Student of MBA Graduate School of Management and Economics Sharif University of Technology Tehran IranAbstractThis research concerns about two critical problems First the relation between firms growth and the growth of their technological capabilities and second the characteristics of the highgrowth firms Through case study of nine successful companies in the aerospace manufacturing industry the first problem shows a meaningful relationship between the two aforementioned factors Our analysis of the second aspect reveals that highgrowth firms are characterized by diversification strategy Therefore the growth pattern in this industry is in contrast to Chandlers model suggesting the volume expansion in the initial stages We divided firms into three distinct categories those with no diversification strategy others with product diversification strategy and finally firms with business diversification strategy The differences of their pattern of technological capabilities then have been analyzed and some recommendations for policy are suggested at the endKeywords Firms Growth Technological Capability HighGrowth Diversification Strategy

Keywords

References

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Journal of Science and Technology Policy
Volume 11, Issue 1
April 2018
Pages 53-67

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