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Gazelle Company

What is 'Gazelle Company'

A high-growth company that is increasing its revenues by at least 20% annually for four years or more, starting from a revenue base of at least $1 million. This growth pace means that the company has effectively doubled its revenues over a four-year period. As gazelle companies are characterized by their rapid growth pace, rather than their absolute size, they can range in size from small companies to very large enterprises.




Explaining 'Gazelle Company'

David Birch's identification of gazelle companies followed from his 1979 report titled "The Job Generation Process," wherein he identified small companies as the biggest creators of new jobs in the economy. Birch estimated that gazelles accounted for only 4% of all U.S. companies, but accounted for 70% of all new jobs. Birch noted that the growth pace of gazelle companies far outpaced that of the Fortune 500 "elephants" and Main Street "mice."


Further Reading


The Information Problem on the way to Becoming a" Gazelle"
search.proquest.com [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …

Gazelle companies: growth drivers and an evolution analysisGazelle companies: growth drivers and an evolution analysis
ideas.repec.org [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …

What can Latin‐American entrepreneurs learn from Catalan gazelles?What can Latin‐American entrepreneurs learn from Catalan gazelles?
www.emerald.com [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …

Higher growth through the Blue Ocean Strategy: Implications for economic policyHigher growth through the Blue Ocean Strategy: Implications for economic policy
www.sciencedirect.com [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …

A theory of gazelle growth: Competition, venture capital finance and policyA theory of gazelle growth: Competition, venture capital finance and policy
www.sciencedirect.com [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …

Secrets of gazelles: The differences between high-growth and low-growth business owned by African American entrepreneursSecrets of gazelles: The differences between high-growth and low-growth business owned by African American entrepreneurs
journals.sagepub.com [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …

Innovation activities of gazelles in business services as a factor of sustainable growth in the Slovak RepublicInnovation activities of gazelles in business services as a factor of sustainable growth in the Slovak Republic
hal.archives-ouvertes.fr [PDF]
… Special personality traits, such as entrepreneurial talent which allows the enterprise to become a “gazelle”, are not sufficient for the company to maintain this status … Yudanov, A. Yu. (2010). Entrepreneurs of entrepreneurship: firms-gazelles in Russia …



Q&A About Gazelle Company


Where can you find more information on Gazelles as Job Creators?

You can find more information in a document called "Gazelles as Job Creators" by the Research Institute of Industrial Economics. The document is available online at https://www.ifn.se/wfiles/wp/wp733.pdf .

Who are elephants and mice?

Elephants are large corporations, while mice are small businesses.

What is a gazelle company?

A gazelle company is a high-growth company that is increasing its revenues by at least 2 annually for four years or more, starting from a revenue base of at least 1 million.

How many jobs do gazelles account for?

Gazelles account for 7 out of all new jobs in the economy.

What does Research Institute of Industrial Economics do?

Research Institute of Industrial Economics conducts research on economic issues.

How many pages are there in each article?

There are two pages for each article respectively (2 for Small Business Economics and 2 for Gazelles as Job Creators).

What does Birch estimate about the growth pace of gazelle companies?

He estimates that it far outpaced elephants and mice.

Where can you find more information on Small Business Economics?

You can find more information in a document called Employment Effects of Business Dynamics by Mice, Gazelles and Elephants by the Research Institute of Industrial Economics which is available online at http://link.springer.com/article/10-1187%28211%2995206-7#page-1 .