Jürgen Fonger

(Szent Istvan University, Hungary)

 

 

Abstract: By this paper the results of a survey are used which have been collected as a part of the authors ´PhD studies. The theoretical approaches of the dynamic capabilities as well as growth of small and medium sized companies (SME) in general and the underlying growth models have been largely explored in the literature. However there are relatively few scientific research results to validate the theoretical models and assumptions. In this regard this paper is filling partly a gap. The explorative study focused on SME in Germany, region of North Rhine-Westphalia. This is one of Germanys’ economic key areas and therefore considered to be very interesting to gather meaningful insights. Hence the SME were part of the manufacturing industry, which is an engine of the German economy. The results of the paper proved the strong correlation of dynamic capabilities and growth except for one hypotheses, the attitude of the Management towards growth.

 

 

Key words: SME; dynamic capabilities

 

JEL codes: D22, D83, L25