Secrets of Gazelles

The Differences between High-Growth and Low-Growth Business Owned by African American Entrepreneurs

Dados Bibliográficos

ID9758417
AutoresThomas D Boston (Georgia Institute of Technology and EüQuant, autor correspondente), Linje R Boston (EüQuant)
Ano2007
Volume613
Fascículo1
Páginas108-130
Data de publicação2007-09-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Annals of the American Academy of Political and Social Science (JOURNAL)
Identificadores do periódicoISSN: 0002-7162 • E-ISSN: 1552-3349
EditoraSAGE Publications (PUBLISHER • US)
DOI10.1177/0002716207303581
OpenAlexW2140566743
IdiomaEN
Citações recebidas10
Referências citadas14

The research findings are based on a national survey of 350 African American business owners whose companies had ten to one hundred employees. Each quarter of 2002 and 2003, owners were randomly selected and interviewed. Companies were classified into three groups according to their annual employment growth over five years: gazelles (20 percent or greater rate of growth), growth-oriented firms (1 to 19 percent), and no-growth firms (less than 1 percent or negative). In comparison to no-growth firms, gazelles were more likely to market to the government sector, less likely to compete on the basis of price, more likely to serve regional and national markets, and more likely to have fewer African Americans workers. CEOs of no-growth companies were more likely to have entered business because they lost a previous job. Surprisingly, no statistically significant differences appeared in thirty-nine other variables that defined owner attributes, firm characteristics, and business strategies of gazelles and no-growth firms

Business · Demographic economics · Economics · Geography · Government (linguistics · Quarter (Canadian coin · Entrepreneurship Studies and Influences · Firm Innovation and Growth · Migration, Ethnicity, and Economy