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Business Growth

A Practical Guide to SME Growth

At the Bissett School of Business we believe that growth is at the heart of individuals, teams, organizations and economies. Growth isn’t just about getting bigger or becoming better at what we currently do; it’s about being smarter. Smart growth encompasses the entire business continuum; from start-up to scale-up and succession.

We are passionate about uncovering and supporting the development of new insights into growth and then mobilizing that knowledge to help Alberta realize the benefits of smart growth.

Research

What Drives SME Growth? Introducing The Leader's Growth Mindset

Author Professor Simon Raby

This report captures the findings of an 18-month study on the growth of Small and Medium-sized Enterprises (SMEs) in Alberta, Canada. The central question that this inquiry sought to answer was: what are the factors that drive SME growth? The study involved a large survey of SMEs and a set of in-depth interviews with the leaders of ‘High Impact SMEs’. High Impact SMEs are organizations achieving high growth (in revenue, profits and employment) and disruptive in nature. High Impact SMEs invest in a broad range of innovative activities and are more diversified in the markets they serve. They exemplify organizations that many of us aspire to create. We present a new model – The Leaders Growth Mindset – to explain how leaders of High Impact SMEs operate. We report on the common set of practices these leaders apply and that we can each develop in our everyday work.