Methodological Problems in the Development of a Growth Model of Business Enterprise

Abstract

The paper evaluates various approaches adopted in the analysis of the growth of small business. Placing these approaches in four different categories, the authors argue that most of the previous studies are limited in their methodological or theoretical perspectives. The paper explores these weaknesses and suggests a growth model, incorporating the lessons learnt. This model, according to the authors, will be much more relevant for the practical analysis of business as well as for the training of counsellors and advisers.