Review of business growth models: methodology and the assumption of determinism

Abstract

Numerous configuration models have attempted to clarify management priorities during the early stages of business growth. Earlier reviews have focused on the basic, visible characteristics of these models. Less attention has been paid to research methodology and basic assumptions. This study aims to fill this gap by review of configuration studies conducted over the past six decades. The focused meta-analysis reveals what kinds of research strategies, choices and time horizons, and empirical evidence are utilised for development of the models and what alternative views the models provide in relation to the assumption of deterministic firm growth. The study opens fresh perspectives to methodology and assumptions of the configuration studies and provides guidelines for future research.