High Growth Enterprises: The Role of Founder Characteristics and Venture Policies

271 Pages·2022·11.801 MB·English

by  Mathew Manimala

High Growth
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High Growth
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Mathew J. Manimala
World Scientific
NEW JERSEY • LONDON • SINGAPORE • BEIJING • SHANGHAI • HONG KONG • TAIPEI • CHENNAI • TOKYO
Published by
World Scientific Publishing Co. Pte. Ltd.
5 Toh Tuck Link, Singapore 596224
USA office: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601
UK office: 57 Shelton Street, Covent Garden, London WC2H 9HE
Library of Congress Cataloging-in-Publication Data
Names: Manimala, Mathew J., 1950– author.
Title: High growth enterprises : the role of founder characteristics and
venture policies / Mathew J. Manimala.
Description: New Jersey : World Scientific, [2023] |
Includes bibliographical references and index.
Identifiers: LCCN 2022034415 | ISBN 9789811265365 (hardcover) |
ISBN 9789811265372 (ebook) | ISBN 9789811265389 (ebook other)
Subjects: LCSH: Entrepreneurship. | New business enterprises. | Industrial policy.
m Classification: LCC HB615 .M357 2023 | DDC 658.4/21--dc23/eng/20220902
co LC record available at https://lccn.loc.gov/2022034415
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oa All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means,
wnl electronic or mechanical, including photocopying, recording or any information storage and retrieval
Do system now known or to be invented, without written permission from the publisher.

For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance
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For any available supplementary material, please visit
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Desk Editors: Aanand Jayaraman/Sandhya Venkatesh
Typeset by Stallion Press
Email: [email protected]
Printed in Singapore
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To
My beloved Mother,
Marykutty James Manimala,
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Foreword
This new book by Mathew Manimala, a profound scholar of entrepreneur-
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cie ged peaks of entrepreneurial growth, one must first address the reasons for
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w. strategies to be adopted must be defined. Equally important are the per-
ww sonal traits that characterize entrepreneurial climbers. With writing that is
m as precise as it is fluid, Manimala introduces us to that landscape. Walking
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a neurship in the times that we live in. This is the time of the knowledge
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species and nature can enjoy the same good health.
Thanks to the author’s excavations, we can imagine new combina-
tions of knowledge and ideas. We will then think about growth without
neglecting the quality of progress, with a generation of restless business
creators who want to keep moving because “I have never heard of anyone
stumbling over anything while sitting down. The wandering dog always
finds a bone”. This thought of Charles Kettering, the renowned US auto-
motive engineer, can only be appreciated and translated into action by
transformative enterprises whose independent judgment points them in
the direction of the road less traveled. They use wind power to move the
blades of the opportunity mills.
Like the Japanese author Yasunari Kawabata’s (2013) Master of Go,
the transformative enterprise disposes off quibbling rules in the name of
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viii High Growth Enterprises
rationality and relies on mutual appreciation among all players in the
socio-economic field. It shifts the attention and available resources from
solving problems inherited from behavior conforming to the standard
vision of exploiting the opportunities arising from a new vision that makes
it listen to nature and recognize its relevance. The transformative enter-
prise realizes that its business depends on the value generated by natural
ecosystems. According to US environmentalist Peter Barnes (2021), “the
supply of fresh water, soil formation, nutrient cycling, waste treatment,
pollination, raw materials and climate regulation are worth between
25 and 87 trillion dollars a year”, as compared with a gross world product
in nominal terms of about 94 trillion dollars in May 2021. Consequently,
the transformative enterprise takes on the task of protecting the wealth
bestowed by nature on all living beings and future generations. It does so
with durable programs that deliver a transformational shift toward well-
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being instead of temporary programs lighting hay fires that are smoke and
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ntifi In keeping with this line of thought, transformative enterprises recali-
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ds brate profit and question GDP measures of production that neglect indi-
worl vidual and social well-being. Such an enterprise does not aspire solely to
w. create a financial return for itself and its shareholders, as its profits,
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m aligned with investment and personnel costs, are used first to sustain and
d fro renew itself and then return the money to shareholders. Humanity needs
e transformative enterprises whose development is attractive because they
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Mathew Manimala’s book has the virtue of immersing those who
enter his entrepreneurial landscape in an appreciation of growth that
ensures the highest degree of prosperity for all, not as a ceaseless accumu-
lation of material wealth. Growth aims to enrich the culture and work of
the mind and spirit to live in a better world. Life allows us to safeguard
nature and enjoy the gifts it offers us. I am sure that, in view of the find-
ings of the research reported here — which has identified socially desir-
able qualities such as the pursuit of excellence, people orientation, and
reality contact as characteristics of high-growth entrepreneurs — this
book will contribute its share toward the development of a balanced and
inclusive perspective of enterprise growth with due consideration of soci-
etal and environmental concerns among academics, practitioners, and
policymakers.
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Foreword ix
References
Barnes, P. (2021). Capitalism’s most grievous flaws are, at root, problems
of property rights and must be addressed at that level. EVONOMICS,
October 24.
Kawabata, Y. (2013). The Master of Go. New York: Vintage Books. (First pub-
lished in serial form in 1951).
Piero Formica
Professor of Entrepreneurship &
Senior Research Fellow,
Innovation Value Institute,
National University of Ireland,
Maynooth, Ireland
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