What are some problems entrepreneurial firms face?
The obvious one is cash, particularly in today's economy. There are others. In the paper we talk about what they are, and then we examine the initial public offering (IPO) process, which offers money and other resources, as a potential solution for breaking the ceiling. The research shows that firms breaking through the ceiling with a tool kit that focuses primarily on innovation and people (human capital) are more likely to "win" post IPO.
The question I have for anyone readying this is whether you think this new knowledge applies to other solutions? What about mergers? What about raising venture capital money or acquiring funding in other ways? What about strategic self-funded growth?
Do you think investing money in your people and in innovation power firms to break quickly through the growth ceiling? What have you learned? The lessons of the last few years, with uncertainty and recession, may be even more important for people reading this blog.
Thank you for your contributions in advance.
HAPPY HOLIDAYS and I wish you the very best in 2012.