Growth Ambitions Among SMEs
The government has released a follow-up study to one published in 2012 looking at the growth ambitions of SMEs. The Business Growth Ambitions amongst SMEs (Interim Report) looks at any changes to the level and determinants of growth ambition among this group. The report neatly picks up from its earlier study, re-surveying the 1,250 respondents to its previous survey. Of these 503 fully completed responses were received.
Ambition is hugely important for individual career success, and the survey makes the implicit presumption that individual ambition level can be replicated. It is not so large a theoretical presupposition: these are SMEs with 250-employees or less and their founders’ actions do still vibrate throughout their firm. This study also bases it claims on a Swedish study of SMEs which demonstrates SME growth is a “key driver of growth”. However, even with these positive accolades there is still, we believe, room to gain knowledge more from this vital piece of research.