LOCATION, TECHNOLOGICAL ADVANCEMENTS, AND PARTNERSHIPS AS CONDITIONS FOR COMPANY GROWTH
N.A. Kravchenko1,2, A.T. Yusupova1,2, A.I. Ivanova1,2, M.A. Yagolnitser1
1Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia
2Novosibirsk State University, Novosibirsk, Russia
Keywords: company growth trajectories, high-tech sector, growth determinants, impact of location, significance of partnership interactions
Abstract
This article delves into the complexities of corporate growth, a particularly pertinent issue in today’s geopolitical landscape. It analyses how companies interact with their external environment, constituting the local production system, and explores these interactions as both prerequisites and conditions for growth. We focus on a range of pivotal growth determinants, including company size, industry, presence of agglomeration effects, affiliation with major integrated entities, innovation orientation, customer-centricity, competitive surroundings, and investment activities. High-tech enterprises are at the heart of this investigation. Empirical data was derived from survey responses from 55 companies operating in the Southern Federal District. We employed cluster analysis to probe the interplay among these selected factors and their impact on growth, identifying three distinct clusters. The first cluster encompasses ever-growing high-tech companies, primarily situated in major urban centers. The second one incorporates non-growing companies, while the third cluster comprises growing, albeit low-tech, firms. The industry’s unique characteristics, company size, and customer orientation are noteworthy in these clusters. Although state support plays a vital role in advancing high-tech firms, these companies do not rely heavily on directfinancial aid. Instead, they place a premium on assistance in orchestrating external interactions. These findings may serve to shape government policies related to industrial and innovative strategies.
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